Fire broke at Kakarta's Plumpang fuel storage station, operated by state-run oil & gas company Pertamina, killing at least 19 people. The station supplies 25% of Indonesia’s fuel needs.
The German media giant Axel Springer is cutting an undisclosed number of jobs, as it transitions to a digital-only business model and shifts focus towards the US.
German biotech firm Morphosys reduces its workforce by 17% and stops early drug research after its 2023 revenue prospects worsened.
Telefonaktiebolaget LM Ericsson AB
Ericsson to plead guilty on corruption allegations and pay a fine over $206M, announced the US Department of Justice.
Palantir Technologies Inc.
Software company Palantir, known for its work with government defense agencies, to cut 2% of its workforce.
Automaker General Motors announced performance-related job cuts, saying the measure will affect "a relatively small number of workers".
Apotex Corp. issues voluntary nationwide recall of Glaucoma medication, Brimonidine Tartrate Ophthalmic Solution, after sterility concerns.
The software consultancy firm Thoughtworks laid off about 4% of its global workforce - approximately 500 employees.
Cheng Uei Precision Industry Co. Ltd.
Foxlink, one of Apple's cable suppliers, has halted production after a massive fire broke out at one of its facilities.
Zoom Video Communications Inc.
Video conferencing platform Zoom has fired president Greg Tomb without any cause, weeks after laying off 15% of the total workforce.