Archive for March 2023
BJ’s Wholesale Club has a new data-collecting robot to roam its aisles
BJ’s Wholesale Club has a new hire: a robot named Tally that can scan 15,000 to 30,000 products an hour while autonomously roaming store aisles. Read More
Read MoreFacebook-parent Meta Platforms to cut 10,000 jobs in second round of layoffs
This latest round of Meta layoffs follows a 13% reduction in November that resulted in 11,000 jobs being cut. Read More
Read MoreIn wake of SVB collapse, Sen. Warren demands answers from former CEO Greg Becker
Sen. Elizabeth Warren is demanding answers from former Silicon Valley Bank CEO Greg Becker about his role in pushing to roll back Dodd-Frank Act regulations — regulations that she argued could have prevented the bank’s swift collapse. Read More
Read MoreAfter Silicon Valley Bank’s collapse, parent company SVB is looking at selling itself and its other units
The California-based company has formed a committee to explore strategic alternatives for itself as well as its SVB Capital venture unit and its Boston-based SVB Securities investment bank. Read More
Read MoreFive things you need to know today, and how’s transportation working for you?
Good morning, Boston, and Happy Pi Day. Here are the five things you need to know in Boston business news to start your workday, and a topic (that isn’t about mathematical constants) I’m hoping you’ll want to sound off about. Read More
Read More3 takeaways on Mass. healthcare, ahead of annual cost-growth benchmark hearing
On Wednesday, a key healthcare cost group will hold its annual hearing to set the cost growth benchmark. Here are three major takeaways from a newly released annual cost trends report, and how they may affect the state Health Policy Commission’s discussion. Read More
Read More‘The worst day I’ve ever lived’: Boston founders on chaos, lessons learned after SVB shutdown
The shutdown of Silicon Valley Bank kicked off several days of panic among Boston-area tech and life sciences startup founders, many of whom banked exclusively with SVB, as they made last-minute plans to pay their employees and bills. Read More
Read MoreHere are some of the Mass. tech companies that have received financing from Silicon Valley Bank
A fitness tracker. Warehouse robots. A system to charge electric vehicles. While holding the bank accounts of countless startups, Silicon Valley Bank was also directly backing or opening line of credits for a number of companies in the Boston tech ecosystem. Read More
Read MoreGood News Tuesday: Pharma company uses art to visualize hope
Good News Tuesday: Servier Pharmaceuticals, a privately held company focused on oncology, found a unique way to show support and inspiration — not only for people living with cancer, but for their families, caregivers, and other survivors. Read More
Read MoreIn Wellesley, SVB customers wait in the rain to get their money
Scores of SVB customers showed up at the Wellesley branch on Monday to take out their deposits, days after the bank’s failure shocked many of them. Read More
Read More