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Apple initiates its first significant post-pandemic layoff, cutting over 600 jobs in California

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Apple’s first significant post-pandemic downsizing hits California, with over 600 job cuts as part of the company’s broader response to tech industry consolidation.

Reports indicate that on March 28, Apple notified 614 employees across multiple offices of their impending job loss, with the layoffs set to take effect on May 27. The affected workers were spread across eight offices in Santa Clara, as disclosed in filings under the state’s Worker Adjustment and Retraining Notification Act (WARN). However, specifics regarding the departments or projects impacted remain undisclosed.

As of now, Apple has not responded to requests for comment.

Unlike many tech counterparts that downsized during the past two years, Apple had remained relatively untouched until now. However, with growth slowing down, the company, like others, is now focused on trimming expenses to maintain profitability.

This move from Apple comes amidst similar actions in the industry, with Amazon announcing layoffs in its AWS cloud computing division, Electronic Arts reducing its workforce by about 5%, Sony cutting 900 jobs in its PlayStation division, Cisco Systems planning to lay off over 4,000 employees, and social media giant Snap trimming 10% of its global workforce.

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Chevron Lanka collaborates with Uber SL      

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Exclusive benefits on Caltex-branded lubricants for earners
Products now available for order on Uber Eats app

November 5, 2024: Chevron Lubricants Lanka PLC (Chevron Lanka), the company that markets and distributes Caltex-branded lubricants, is pleased to announce its collaboration with Uber in Sri Lanka. Drivers using Uber for providing Rides and doing deliveries will now have access to Chevron Lanka’s wide range of premium lubricants, known for enhancing engine performance, extending vehicle life, and optimizing fuel efficiency at special prices. This will help them save on essential vehicle maintenance and benefit them with superior protection and performance on the road.

Uber Eats will now add the ‘car care’ category for the first time to strengthen its ‘Get Almost, Almost Anything’ promise. Sri Lankans will now be able to order premium lubricants from their favorite delivery platform with a few clicks. 

Bertram Paul, Managing Director & CEO, Chevron Lubricants Lanka PLC, said “We’re      thrilled to collaborate with Uber Sri Lanka, supporting drivers across both its verticals in the country with an exclusive value offering. We understand that maintaining a vehicle is critical for drivers, and our range of lubricants is designed to enhance engine life and performance. With this collaboration, we look forward to helping them experience a new level of efficiency and value.”

Varun Wijewardane, Country Manager, Uber Delivery – Sri Lanka, said, “Couriers and drivers are critical to the success of the Uber ecosystem. We’re continually exploring ways to enhance their platform experience and offer them tangible benefits. This collaboration with Chevron Lanka enables us to contribute to their success by helping reduce operating costs and improve vehicle reliability. At the same time, we’re adding to our on-app offerings and including yet another category on Uber Eats, enabling delivery of premium lubricants to our customers on demand.”

Drivers across Uber’s Mobility and Delivery businesses can get access to Chevron Lanka’s industry-leading products with special offers at any Caltex Authorized Dealer.

About Chevron

Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We aim to grow our traditional oil and gas business, lower the carbon intensity of our operations and grow new lower carbon business in renewable fuels, carbon capture and offsets, hydrogen and other emerging technologies. More information about Chevron is available at www.chevron.com.

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PickMe founder Jiffry Zulfer is expected to be appointed to the ICTA board

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PickMe founder Jiffry Zulfer is expected to be appointed to the ICTA board. To support the government’s agenda to expand the ICT-based economy, new board members will be appointed to the ICTA. This move is anticipated to positively impact the industry.

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Port City Colombo attracts 100+ companies as Authorised Persons

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Port City Colombo has achieved a significant milestone, on-boarding 100+ companies as Authorised Persons (APs), as of 24 August 2024. These companies represent a diverse range of sectors identified to the Colombo Port City Special Economic Zone, including IT, finance, professional services, shipping, logistics, tourism, healthcare, real estate development, and global capability centres.

Among these APs, twenty-two companies have been designated as Businesses of Strategic Importance (BSI’s). The Colombo Port City Economic Commission (CPCEC) is currently reviewing the BSI status of other APs at present. Several companies are in the pipeline to register as APs, reflecting increased investor confidence in Port City Colombo. These achievements align with Port City Colombo’s vision to attract high-value foreign direct investments (FDI’s), whilst the diverse range of companies reflects the SEZ’s focus on service-oriented sectors.

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