5 things wrong with Wendy’s right now, including 1 big one that’s threatening its entire turnaround effort
Wendy's cut its dividend in half from 14 cents to 7 cents per share while reporting a 7% drop in same-store sales and 12.5% decrease in U.S. restaurant traffic during the second quarter. The company withdrew its full-year financial outlook and identified five operational areas needing improvement to stabilize profits during its turnaround effort.
Read full story →Meta just told some of its former managers to become managers again
Meta is asking some individual contributors in its Applied AI division to return to managerial roles after implementing a flat structure with up to 50 contributors per manager. The division, formed in March with 7,000 employees, previously eliminated management layers during its 2023 efficiency campaign.
Central Eurasia names its 2026 Road to Battlefield winners: Cerberus, WeGlobal AI, and LOOQ
Three startups,Cerberus, WeGlobal AI, and LOOQ,won the Central Eurasia regional final of Road to TechCrunch Startup Battlefield 2026. They will compete at the Startup Battlefield 200 at TechCrunch Disrupt in San Francisco this October.
China’s car exports beat last year’s record with four months to go
China exported over 6.2 million passenger cars in the first eight months of 2024, surpassing its entire 2023 export total with four months remaining. Plug-in hybrids drove much of Europe's growth, as these vehicles escape EU tariffs on Chinese cars.