KPMG management is advocating for the consolidation of numerous national member firms within its global network, believing it will foster business growth and reduce the likelihood of audit scandals, reports the Financial Times, referencing sources. The effort to establish tighter collaboration among firms owned by distinct partners in every country would represent one of the largest...

The German car manufacturer Mercedes-Benz has come to an agreement with the employee works council. The firm and the council consented to decrease several payments in return for maintaining job security for the majority of employees until 2034. This is stated by the German media citing the company's press service. Specifically, agreements allow for a halving of the intended salary increases,...

Blue Origin, founded by Jeff Bezos, has informed its staff about significant job cuts. As reported by Bloomberg, referencing its internal sources, the workforce will decrease by 10%. Consequently, roughly 1,500 individuals will be left unemployed. On January 16, the aerospace firm executed the initial successful launch of the super-heavy launcher New Glenn, following years of development and...

The US-based company Dropbox Inc, known for the cloud storage service of the same name, intends to reduce its workforce by roughly 20%. The company stated on the US Securities and Exchange Commission (SEC) website that the measures aim to reorganize the team structure to match long-term growth projects and profitability goals more effectively. The layoffs are expected to cost between $63...

The company announced that James Gorman has been named as the chairman of the board of directors of Walt Disney Co. of America. He will assume the position from Mark Parker in early 2025. Gorman will lead the board of directors of Morgan Stanley until 2024. He became a member of Disney's Succession Planning Committee in 2024. The committee intends to reveal a new CEO in the beginning of 2026....

The Financial Times reports that U.S. Boeing Co. withdrew its offer to compensate striking International Association of Machinists and Aerospace Workers (IAM) members. In late September, it was announced that discussions on a new collective agreement had been halted indefinitely by the parties involved. Boeing civil aviation segment manager Stephanie Pope informed employees in a letter that the...

Boeing Co. from the US and the International Association of Machinists and Aerospace Workers (IAM) started negotiations again for a new collective bargaining agreement, as reported by Barron's. By not voting on Boeing's 'final offer,' the union has chosen not to abide by the original deadline set for the vote and has instead extended the time for ratification. The American Federal Mediation and...

According to sources familiar with the matter, Google, a subsidiary of Alphabet Inc., has reportedly agreed to pay around $2.7 billion to AI startup Character.AI for the rights to use its technology in a deal announced in August, as reported by The Wall Street Journal. The primary reason for the payment is believed to be the return of Character.AI's former employee and co-founder Noam Shazeer,...

Ted Colbert, president and CEO of Boeing Defence, Space & Security, is set to resign, as reported by ABC News. Steve Parker has been appointed as the temporary leader of BDS. Colbert spent 15 years at Boeing, first as the CIO and later leading the global services business, before assuming control of the defense division. Boeing CEO Kelly Ortberg stated in a letter to employees that the...