Ban Imminent on Non-Disclosure Agreements Silencing Workers
The government has announced a ban on employers using non-disclosure agreements (NDAs) to prevent victims of workplace sexual misconduct or discrimination from speaking out. An amendment to the Employment Rights…
Waymo Robotaxis Set to Launch in Philadelphia and New York City
Waymo, the Alphabet-owned autonomous driving company, launched two “road trips” on Monday to explore expanding its services into Northeastern cities. These trips mark another step in Waymo’s ongoing efforts to…
Microsoft Shuts Down Local Operations in Pakistan
Microsoft has announced it will close its direct operations in Pakistan, marking the end of its 25-year presence in the country. The company will now serve Pakistani customers through resellers…
Stripe’s First Employee and Fintech Founder of Increase Moves to Acquire a Bank
It’s been an open secret in fintech circles that Darragh Buckley, founder and CEO of the banking-as-a-service (BaaS) startup Increase, has long aimed to “buy a bank.” Recently, he effectively…
Microsoft to Lay Off Approximately 9,000 Employees in Latest Cuts
Microsoft revealed on Wednesday it will lay off roughly 9,000 employees worldwide. This represents under 4% of its global workforce and impacts various teams, regions, and experience levels, a source…
Figma Files for IPO on NYSE, Plans Aggressive Growth Through Acquisitions
Design software company Figma officially filed for an initial public offering (IPO) on Tuesday, planning to trade on the New York Stock Exchange under the symbol “FIG.” The move follows…
Lululemon Sues Costco Over Alleged Knockoffs of Its Products
Lululemon Athletica Canada Inc. has filed a lawsuit accusing Costco Wholesale Corp. of infringing on its intellectual property by selling counterfeit versions of some of its best-known products. The lawsuit,…
DHL Express Canada Workers Approve New Agreement, Strike and Lockout Set to End
Canada’s largest private sector union, Unifor, has announced the end of a three-week lockout and strike at DHL Express Canada after workers ratified a new four-year agreement. The contract was…
Federal Authorities Order Chinese Tech Company to Shut Down Canadian Operations Over National Security Concerns
The federal government has directed Chinese surveillance camera manufacturer Hikvision to shut down its Canadian operations and leave the country due to national security concerns. Industry Minister Mélanie Joly announced…