European Central Bank President Christine Lagarde warned on 14 September that Europe hosts just 5% of global AI computing power,…
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Uber Slashes 3,300 Corporate Jobs While Pouring Billions Into Robotaxis
Uber is cutting roughly 3,300 corporate jobs, a 10% workforce reduction, in its largest restructuring since 2020. CEO Dara Khosrowshahi…
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Volkswagen weighs factory closures while 100,000 German jobs hang in balance
Volkswagen leadership is visiting German plants most at risk of closure as roughly 100,000 jobs face uncertainty. Executives argue deep…
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T-Mobile slashes 77 Washington jobs as seven retail stores close permanently
T-Mobile is eliminating 77 positions across Washington state between Sept. 21 and Nov. 18, permanently closing seven retail stores. The…
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Porsche slashes 500 jobs and shutters e-bike unit after profit collapses 92%
Porsche will cut more than 500 jobs and close three subsidiaries after 2025 operating profit plunged 92.67% to €413 million…
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FedEx’s $2 Billion Overhaul Axes 116 Jobs Across Victorville, Palm Springs
A $2b operational reset is cutting over a hundred jobs in California's logistics hubs. The restructuring hits Victorville and Palm…
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Thomson Reuters slashes 500 engineering roles while chasing AI-driven efficiencies
Thomson Reuters is cutting roughly 500 engineering positions even as it reorients its entire product strategy around artificial intelligence. The…
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Tinexta Slashes Full-Year Outlook After Cybersecurity Profits Plunge 59 Percent
An Italian cybersecurity and digital trust firm just saw its segment profits collapse by nearly 60 percent in the first…
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Microsoft Prepares to Cut Thousands More Jobs Across Sales, Consulting and Xbox as AI Spending Reshapes the Company
Microsoft is planning to cut under 2.5% of its approximately 228,000 full-time employees in a new round of layoffs expected…
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Ethereum Foundation Slashes 40% of Budget and Cuts 54 Jobs as Vitalik Buterin Bets on Leaner Future
The Ethereum Foundation will slash its budget by 40% and cut 54 jobs, approximately one-fifth of its workforce, co-founder Vitalik…
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