Business

Canopy Growth, backed by Corona beer maker Constellation Brands Inc., will close key operations and shed 60% of its jobs as Canada’s marijuana industry has failed to meet expectations due to competition from a thriving black market. The downsizing of Canada’s second-biggest marijuana producer is the second restructuring in less than 12 months. Along with the job cuts announced in…

The office may – finally – come back. Look no further than a city worker for evidence. Since the pandemic began, working from home has been more common in large metropolitan areas than in smaller cities and towns. But that trend has been declining since early 2023, finds the latest issue of WFH Research, published in the National Bureau of…

Netflix is ​​expanding its crackdown on password sharing to four new countries as the company seeks to convert more free riders into paying subscribers, according to a blog post published Wednesday. The company will ask users in Canada, New Zealand, Spain and Portugal to pay a surcharge if they want to share an account with someone who lives outside of…

The opportunity to gamble has shifted from a trip to Vegas to a trip to a local casino to the phone in your pocket. And if you’re a sports fan, nudges to place bets are almost impossible to ignore as sports betting ads and promotions routinely appear on television, social media, sports radio and arenas. The staggering expansion of sports…

Online broker Robinhood reported a sharp drop in crypto trading revenue in the last three months of 2022 compared to 2021 as its clients balked at the platform’s crypto offerings amid the industry’s implosion. Transaction revenue plummeted 20%, the company said Tuesday as part of its fourth-quarter earnings report. Fees collected fell to $39 million in the fourth quarter from…

As Vermont Senator Bernie Sanders settles into his new role as chairman of a committee that oversees health and labor issues, he says some companies “should be nervous.” And the longtime liberal crusader’s first target is Howard Schultz, the interim CEO of Starbucks who has fought aggressively against his workers’ efforts to unionize. Sanders and the 10 other Democrats on…

Working at McDonald’s was “one of the worst experiences of my life,” Christine recalls as she looks back on seven years at the fast-food giant, which ended with how she says she was sexually harassed by a manager. Having just moved to London, she started working at McDonald’s in 2011 thinking “it would be really great”. Now she says, “I…

Managers have burned out after coping with COVID-19, high inflation, persistent labor shortages and mandates to return to office. According to a new UKG Workforce Institute survey of 3,400 people across 10 countries, around 46% of middle managers say they are likely to quit their job within the next 12 months due to work-related stress. The mental health problems of…

More people say they are worse off financially under Joe Biden than any other president in the past 37 years, according to a poll this week. Nearly 4 in 10 Americans described being in worse financial shape now than they were two years ago when Biden took office.Washington Post Poll released on Sunday. Only 16% said they were in better…

Boeing plans to cut staff in the aerospace company’s finance and human resources departments in 2023, with a loss of about 2,000 jobs, the company said. “We expect about 2,000 cuts, mostly in finance and personnel through a combination of attrition and layoffs,” Boeing said in a statement Monday. “While no one has been notified of the job loss, we…