It would be the tech company’s second round of cuts since November. Mark Zuckerberg, its chief executive, has declared 2023 the “year of efficiency.” Story Published at: March 14, 2023 at 01:32PM Continue Reading…
Bob Iger’s Turnaround Plan Takes Shape
Shares jumped after the Disney chief executive unveiled plans to revamp its streaming business, cut costs, and formulate a succession plan. Story Published at: February 9, 2023 at 12:50PM Continue Reading…
Tech Layoffs Shock Young Workers. The Older People? Not So Much.
The industry’s recent job cuts have been an awakening for a generation of workers who have never experienced a cyclical crash. Story Published at: January 20, 2023 at 05:31PM Continue Reading…
Microsoft to Lay Off 10,000 Workers as It Looks to Trim Costs
The job cuts, which amount to less than 5 percent of the company’s work force, are its largest in roughly eight years. Story Published at: January 18, 2023 at 02:15PM Continue Reading…
Coinbase Lays Off Another 20% of its Employees
The cuts at the cryptocurrency exchange come after nearly a fifth of employees were let go in June, as crypto markets teeter and tech companies rethink their growth plans. Story Published at: January 10, 2023 at 01:55PM Continue Reading…
Why Bed Bath & Beyond Is Weighing Bankruptcy
Dreary holiday season sales failed to help solve the struggling retailer’s financial woes, leaving the company with few options. Story Published at: January 6, 2023 at 12:46PM Continue Reading…
The Week in Business: Labor Actions Sweep Britain
The national average gasoline price has fallen to where it was a year ago. China’s economy is not expected to bounce back quickly, as it rolls back “zero Covid” policies. And the Fed meets. Story Published at: December 11, 2022 at 12:00PM Continue Reading…
An Activist Investor Takes on BlackRock Over E.S.G.
A hedge fund sees BlackRock’s embrace of E.S.G. principles as a distraction, and it wants the money-management giant’s C.E.O., Laurence Fink, to step down. Story Published at: December 7, 2022 at 12:39PM Continue Reading…
It Was a Bad Week for Billionaires With Delusions of Saving the World
Musk, Bezos, Bankman-Fried, Trump: some of our most prominent billionaires laid waste to their carefully cultivated image as benevolent saviors. Story Published at: November 19, 2022 at 02:23PM Continue Reading…
Twitter’s Nest Gets a Little Emptier
Hundreds of workers decided to leave the troubled social network, after Elon Musk demanded employees commit to a new “hard core” work environment. Story Published at: November 18, 2022 at 12:47PM Continue Reading…