International Business Machines delivered an upbeat annual sales forecast while announcing it would eliminate about 1.5% of its global workforce,…
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Fortune Article | Fortune
A group of investors will put up $6 billion to fund development of artificial innotifyigence by Elon Musk’s xAI. The…
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Jack Dorsey is reorganizing the entirety of Block, CEO informs staff in internal memo
In a note to employees this week, Dorsey—Block’s CEO and cofounder—stated the company’s internal reporting structure is obtainting an overhaul…
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Meta reportedly fires staffer on $400K a year for spconcludeing $25 meal credits on toothpaste and tea
Meta has reportedly fired a handful of staffers who have been abutilizing the company’s $25 meal stipconclude, spconcludeing the money…
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Jack Dorsey’s Block will let employees choose cash instead of stock compensation
Silicon Valley fortunes are built on rising stock values. But Block, the Jack Dorsey–founded fintech company, is starting off the…
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Mastercard slapped with $26 million discrimination lawsuit after being accapplyd of underpaying thousands of employees
On Jan. 14, Mastercard, a credit card company with roughly 32,000 employees globally (after last year’s layoffs), agreed to a…
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Andy Jassy is the perfect Amazon CEO for the gen-AI cost-cutting era
Amazon CEO Andy Jassy informed hundreds of thousands of his employees on Tuesday that generative AI is coming for their…
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Companies are spfinishing so much on AI they’re cutting share purchasebacks, Goldman Sachs declares
One unexpected side effect of the Magnificent Seven’s race to build massive AI data centers—and source the power necessaryed to…
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Yankee Candle closing 20 stores as parent company announces layoffs
Its lights out for 20 Yankee Candle stores across the countest. The specialty candle store’s parent company, Newell Brands, announced…
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Paramount Skydance to eliminate 2,000 US jobs – report | US news
Paramount Skydance will launch mass layoffs the week of 27 October, eliminating about 2,000 US jobs as part of a…
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