Postmaster General Louis DeJoy acknowledges issues with on-time delivery in regions where USPS is implementing network modernization plans, but remains optimistic about the changes and expects service to stabilize by summer. The agency's network modernization plans are aimed at cutting costs and improving efficiency, but have faced criticism for causing service disruptions. USPS is also grappling with financial challenges and is seeking legislative relief to address its financial burdens.
Nottingham Forest's points deduction sparks reactions, while the government plans to establish a football regulator. EFL Chairman Rick Parry expresses disappointment over the lack of a deal between the EFL and Premier League, emphasizing the need for better regulation and redistribution. Lucy Frazer, Secretary of State for Culture, Media and Sport, highlights the urgency of introducing an independent regulator to prevent financial instability in clubs. Additionally, there's discussion about the impact of financial regulations on club spending and debt accumulation.
American Queen Voyages has ceased operations and canceled all future cruises, citing financial unsustainability due to lack of demand following the pandemic. The cruise line has promised full refunds for canceled cruises and directed customers to a website to begin the refund process. This decision comes after reported service issues and the cancellation of season-opening sailings, leading to suspension of sales by travel advisor groups.
Epic Games, the video-gaming giant, is laying off approximately 16% of its workforce, amounting to around 830 employees, due to financial challenges. The company will also sell off Bandcamp and spin off most of SuperAwesome, resulting in an additional 250 job cuts. CEO Tim Sweeney acknowledged that the company had been spending more than it earned and that the growth of Fortnite was primarily driven by creator content with lower margins. Epic Games will provide a severance package, including six months of base pay and healthcare, and offer accelerated stock option vesting. The layoffs are not expected to be followed by further job cuts, and the impact on the company's plans to build its new headquarters in Cary, North Carolina, remains uncertain.
