million
Philips Hue reorganizes, plans job cuts to save $218 million annually
Signify, the company that owns smart lighting brands Philips Hue and WiZ, is restructuring in the face “of ongoing market volatility and uncertainty.” In a press release on its website published earlier this month, Signify announced a “new customer-centric organization and structural cost reductions.” This appears to signal that the company is focusing more effort…
California settles Activision Blizzard gender discrimination lawsuit for $54 million
A California regulator has settled its blockbuster lawsuit that alleged a culture of sexual harassment at Activision Blizzard. Now under the ownership of Microsoft, the gaming company will pay about $54 million as part of the settlement, according to a press release from California’s Civil Rights Department (CRD). The CRD (formerly known as the Department…
Tesla must update over 2 million cars to solve Autopilot safety issue
Tesla is pushing software updates to over 2 million vehicles in the US — or almost every Model S, Y, X, and 3 ever sold in the country — to address a defect in the company’s Autopilot system. On Monday, the National Highway Traffic Safety Administration (NHTSA) issued a recall notice for the vehicles following…
Starlink loses out on $886 million in rural broadband subsidies
The FCC announced today that it won’t award Elon Musk’s Starlink an $886 million subsidy from the Universal Service Fund for expanding broadband service in rural areas. The money would have come from the Rural Digital Opportunity Fund program (RDOF), but the FCC writes that Starlink wasn’t able to “demonstrate that it could deliver the…