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Employees affected by e-commerce platform Shopee's latest round of job cuts will be given "appropriate compensation packages" in line with market norms, the firm said in a joint statement with the Creative Media and Publishing Union (CMPU) on Monday.
While tech billionaire Elon Musk recently said that Tesla would be reducing its salaried headcount by 10 per cent, a Goldman Sachs analyst says it can provide the company up to $1 billion in annual operating expenses (OPEX) savings -- the company's day-to-day expenses. Tesla’s Job Cut May Save Up to $1 Billion Yearly Operational Costs, Says Report.
Get latest articles and stories on World at LatestLY. China reported 21 locally transmitted confirmed COVID-19 cases, including 11 in Inner Mongolia Autonomous Region and five each in Beijing and Shanghai in the past 24 hours, according to the National Health Commission's report Saturday. World News | 21 New Local COVID-19 Cases in China.
Get latest articles and stories on World at LatestLY. Naason Joaquin Garcia, the leader of Mexican megachurch La Luz del Mundo, who had been facing child rape and other charges, admitted just days before trial that he sexually abused three girls, California state prosecutors said. World News | Mexican Megachurch Leader Pleads Guilty in LA to Sex Abuse.
Get latest articles and stories on World at LatestLY. Norway on Friday inched one step closer to International Solar Alliance membership after the Norwegian envoy handed the signed copy of the International Solar Alliance Framework Agreement to Prabhat Kumar, Additional Secretary (ER & DPA), Ministry of External Affairs. World News | Norway Inches One Step Closer to International Solar Alliance Membership.