EBay to cut about 1,000 jobs, or 9% of workforce, as it looks to get more 'nimble'

EBay Inc. said late Tuesday it will cut about 1,000 jobs, or 9% of its full-time workforce, in order to better position the company for future sustainable growth. 


 
SAP Launches EUR2 Billion Restructuring Affecting 8,000 Jobs Amid AI Push

The German business-software company said it will focus on business-related artificial intelligence. 


 
United Puts Boeing on Notice. It's Looking at Other Jets.

United Airlines management expressed frustration with Boeing on its fourth quarter earnings conference call on Monday. 


 
EU Probes Lufthansa's Stake Acquisition in ITA Airways

A deal could hand ITA Airways too much sway at Milan's Linate airport, according to the commission, making it harder for rivals to provide passenger air transport services from the hub close to the city center. 


 
Rio Tinto Inks Power Deal With European Energy for Giant Australia Solar Farm

Rio Tinto said it has agreed to buy electricity from the planned Upper Calliope solar farm in eastern Australia to power its Gladstone operations. 


 
Woodside Says Santos Merger Talks Remain at Early Stage

Woodside Energy reported record annual production at the top end of its forecast and said that talks with Santos about a possible merger remain at an early stage. 


 
Southwest Airlines Flight Attendants Authorize Strike

TWU Local 556 said that more than 98% of its voting members approved the strike, the first such vote in the union's history. 


 
Wayfair Layoffs Focused on Remote Workers

Wayfair employees who work remotely were more likely to be laid off in the latest round of job cuts at the online furniture seller, executives told staff. 


 
L.A. Times Layoffs Are Latest Sign of Billionaire's Clipped Ambitions

The publisher of California's most-prominent newspaper, which lost three of its top editors in recent days, is shrinking the newsroom by around 20% in the latest round of cuts. 


 
Netflix Subscribers, Revenue Surge as It Cracks Down on Password Sharing

Netflix is ramping up its investments in live programming with a deal for WWE wrestling rights, as it continues to add new customers at a rapid clip. Shares rose about 8% after hours.


(END) Dow Jones Newswires

01-23-24 2115ET