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…
Meta to Lay Off Another 10,000 Workers
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…