Tony Hsieh, a cult-like figure and the CEO of Zappos, is reportedly stepping down as leader of his $350 million project to transform Downtown Las Vegas into a city built entirely for entrepreneurs.
The announcement, which could arrive as soon as this week, comes as the company seeks to integrate roughly 30,000 new employees on the heels of its Nokia acquisition.
After a report surfaced that the struggling ecommerce site is starting to close down, CEO and co-founder Jason Goldberg took to Twitter to deny the claims.
The struggling gaming company is letting 15 percent of its employees go while making way for a new addition in the acquisition of U.K. competitor NaturalMotion.
The retailing giant follows Trader Joe's and The Home Depot example, while facing company layoffs and lingering concerns following December's security breach.
sit in the Senate 62 percent of cuts were at firms with less than 50 workers nearly one-third of all jobs cut to the bone will talk of a double-dip recession increasing
There’s a growing drumbeat of economic experts who say the recession is ending. Recently, Federal Reserve Bank chair Ben Bernanke described the economy as “leveling out.” The most recent edition of the Beige Book, the Fed’s summary of commentary on current economic conditions, came out Sept. 9, conveying the message that the recession is over. […]