recession

iPhone 13

iPhone sales in China hit Huawei after crisis, reports say

For the first time in years, Apple’s iPhone sales made up half of China’s high-end smartphone market as the US tech giant took the lead over Chinese brands, notably Huawei, which is facing a survival crisis as the global economy heads into a prolonged recession. . Strong sales of the iPhone 13 helped Apple capture …

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Walmart to cut hundreds of corporate jobs, reports WSJ

Walmart to cut hundreds of corporate jobs, WSJ reports

Companies including Tesla Inc, Netflix Inc and Coinbase Global Inc are also cutting jobs due to sluggish economic growth Walmart Inc is eliminating hundreds of company roles as part of a restructuring effort, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. About 200 jobs are being cut, the WSJ reported, …

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