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Despite significant layoffs at the end of 2022 and the beginning of 2023, subscription company layoffs continue into the second half of 2023.
Game developer Epic Games announced the layoff of about 900 employees, or 16% of their total workforce due to financial constraints.
Two months after the initial announcement, The New York Times shutters its sports section.
Amazon announced they will hire 250,000 part-time and full-time employees in seasonal fulfillment centers and transportation.
Toronto Star parent Nordstar seeks bankruptcy protection for Metroland Media and will move to a digital-only format.
Starz lowers their annual price, PlayStation Plus raises theirs and Butternut Box raises cash for canine food.
Disney+ purges content, Visa and Mastercard are about to make unpopular changes, and PepsiCo plans to invest $175M in Instacart.
T-Mobile announced their plans to lay off 5,000 employees, or just under 7% of their total workforce, in a corporate restructuring.
Peloton reports a drop in revenue and subscribers and an increase in churn for the fourth quarter of fiscal 2023.
FTC proposed a $650K settlement with Experiance for violating the CAN-SPAM Act by not including an opt-out option in marketing emails.
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