Lack Of Trust, Miscommunication, And COVID Restrictions Responsible For Issues At Foxconn’s Chinese iPhone Factory

Within the last few weeks, tens of thousands of employees had left  the world’s largest iPhone factory in Zhengzhou, central China, and violent protests had flared up over a COVID-19 lockdown and uncertainty over hiring bonuses. According to reports, the Foxconn factory in Zhengzhou is Apple’s largest iPhone manufacturer, producing approximately 70% of iPhones globally. A Foxconn source told…

6 Million Less iPhone Pros To Be Produced Due To Turmoil At The China Plant

Disruptions at Apple Inc.’s key manufacturing hub of Zhengzhou are likely to result in a production shortfall of close to 6 million iPhone Pro units this year, according to a Bloomberg report quoting people familiar with assembly operations. The situation at the plant is still fluid, and the estimate of lost production could change, according to…

Musk Claims Twitter Will Launch A ‘Verified’ Service Next Week, Complete With A ‘Gold Check’ For Businesses

Elon Musk said in a tweet Friday that Twitter’s delayed “Verified” service would be available next week, with different colored checks depending on the type of account. The Twitter CEO stated that there would be a “gold check” for businesses, a grey check for government accounts, and the existing blue check for individuals, whether celebrities…

UAE’s Aggressive Firm IHC Is Planning Ipos In The Health And IT Sectors

According to Reuters, International Holding Company (IHC) plans to sell 20% of its technology unit in an initial public offering next year, with the UAE’s IHC aiming for a first quarter IPO of Pure Health to raise more than $1 billion. IHC has been on a consolidation and acquisition spree since rising from relative obscurity…

Tech Companies Reach Out To Ex-Twitter Staff To Work For Them

Are you put off by Elon Musk’s commanding management style? Come with us! That’s the pitch being used by talent-starved technology firms to entice thousands of former Twitter employees who were laid off by the social media company’s new owner. Following Musk’s tumultuous takeover of the social media platform, Twitter has fired top executives and…

There Have Been No Layoffs At Google So Far, But Employees Worried About Their Fate

Some Google employees are concerned that they will be the next victims of industry-wide layoffs. While Google has so far avoided the widespread job cuts that have afflicted other tech companies, particularly those bolstered by a slumping ad market, internal anxiety is rising, according to documents obtained by CNBC and employees who spoke on the…

Civil Rights Organizations Put Blame Elon Musk For Twitter Loosing Advertisers 

Elon Musk accused leaders of major civil rights organizations of breaking an accord with him by inspiring companies to stop advertising on Twitter. Such accusations have however been denied by the civil rights organizations.  On Tuesday, Musk had tweeted, “a large coalition of political/social activist groups agreed not to try to kill Twitter by starving us…