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Home > What the Flux > Target closing stores and cutting jobs | Hertz files for bankruptcy | Magic Leap struggling but raises $350m
Podcast: What the Flux
Episode:

Target closing stores and cutting jobs | Hertz files for bankruptcy | Magic Leap struggling but raises $350m

Category: News & Politics
Duration: 00:05:00
Publish Date: 2020-05-24 19:00:00
Description:

Wesfarmers, the owner of Target, has announced it will close up to 75 Target stores and cut 1,300 jobs.


Hertz, one of world’s biggest car-rental companies, has filed for bankruptcy with about $29 billion in debt.


Magic Leap, the much hyped (but struggling) augmented reality tech company has some raised $350 million despite the pandemic.


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