Got wind from AMER manager that its apparantly got to do with the minimum wage increase introduced by Egyptian government back in March of this year. Anyone else heard anything?
Posts mentioning hashtag #siteclosure
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Massive layoff in California upcoming soon?
When a company states that it will expand its footprint in an area with a new facility and consolidate 2 sites (Emeryville and San Diego) into one single research site, then something has to give. It won't be the leadership, but everybody else will be on the chopping block in 18-24 months. It is going to be painful for Novartis folks in California!
Shell Shutters Its Volta EV Charging And Media Division
Shell is shutting down Volta, the EV charging and media network it bought in 2023 for $169M. The company will dismantle more than 2,000 charging stations this year and lay off around 190 employees.
Volta’s model combined EV charging with ad screens to generate extra revenue, but it was losing about $140M annually and couldn’t meet sales targets. Shell reportedly tried to sell the business but found no buyer.
The decision marks a shift in Shell’s EV strategy toward high-speed charging at its own branded stations and hubs, rather than maintaining a separate ad-driven network.
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Renovations mean safe or “Go Forward Store”?
Does renovations like replacing bad carpet and other neglected parts of the store mean that the store is safe? I only ask this question even though it seems like an obvious answer because I’ve seen and heard reports or closure rumors of stores with these said renovations.
I mean financially it doesn’t make sense to me to put money into a store that you’re going to close anyway…