Bloomberg Instacart is cutting about 1,900 employees’ jobs, including 10 workers who formed a union, as the company seeks to boost its ranks of contract workers. The grocery delivery company already classifies most of its workers as independent contractors, whose numbers have ballooned to more than 500,000 during the coronavirus pandemic. But starting in 2015, the company hired a small ...

Bloomberg Volkswagen AG said a robust sales recovery toward the end of the year helped cushion annual results from the effects of the pandemic. Operating profit before one-time items related to VW’s diesel-emissions scandal falls to about 10 billion euros ($12.2 billion) last year, VW said in a statement, from 19.3 billion euros in 2019. Automotive net cash flow shrunk ...

Bloomberg WeChat creator Allen Zhang is counting on a breakthrough in video to thwart TikTok owner ByteDance Ltd., building on the success of his last big overhaul of the all-in-one messaging app. Zhang, celebrated in China for inventing Tencent Holdings Ltd.’s signature creation, has toyed for years with ways to keep and expand WeChat’s industry lead, particularly as upstarts like ...