EBay to Lay Off 9% of Full-Time Workforce 
 

The online marketplace will lay off about 9% of its full-time workforce, part of efforts to boost performance at a time of rising competition and softer consumer spending.

 
Country Garden Seeks to Raise Over $500 Million in Asset Sales 
 

Troubled Chinese property developer Country Garden Holdings is seeking to sell a host of properties in Guangzhou city to raise up to $534.5 million, amid its efforts to restructure billions of dollars in offshore debt.

 
United Puts Boeing on Notice. It's Looking at Other Jets. 
 

United Airlines management expressed frustration with Boeing on its fourth quarter earnings conference call on Monday.

 
SAP Launches EUR2 Billion Restructuring Affecting 8,000 Jobs Amid AI Push 
 

The German business-software company said it will focus on business-related artificial intelligence.

 
Rio Tinto Inks Power Deal With European Energy for Giant Australia Solar Farm 
 

Rio Tinto said it has agreed to buy electricity from the planned Upper Calliope solar farm in eastern Australia to power its Gladstone operations.

 
Woodside Energy Merger Talks With Santos Reflect Asia LNG Expectations, CEO Says 
 

Woodside Energy's pursuit of a combination with Santos to create a global energy giant worth over $50 billion is a bet that demand for liquefied natural gas will remain strong, said Chief Executive Meg O'Neill.

 
Netflix Subscribers, Revenue Surge as It Cracks Down on Password Sharing 
 

Netflix is ramping up its investments in live programming with a deal for WWE wrestling rights, as it continues to add new customers at a rapid clip. Shares rose about 8% after hours.

 
GameStop shares slide as original meme stock's struggles continue 
 

The videogame retailer snapped its four-day winning streak Tuesday.

 
Wayfair Layoffs Focused on Remote Workers 
 

Wayfair employees who work remotely were more likely to be laid off in the latest round of job cuts at the online furniture seller, executives told staff.

 
L.A. Times Layoffs Are Latest Sign of Billionaire's Clipped Ambitions 
 

The publisher of California's most-prominent newspaper, which lost three of its top editors in recent days, is shrinking the newsroom by around 20% in the latest round of cuts.

(END) Dow Jones Newswires

January 24, 2024 01:00 ET (06:00 GMT)