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Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gapVolkswagen's CEO revealed plans for up to 50,000 additional job cuts. This move aims to match rival automakers' competitiveness and reduce ...- Wall Street banks rule on staff betting on prediction markets, sources sayIn a significant move, major Wall Street banks have revised their employee conduct guidelines. The updated policies impose restrictions on ...
- Goldman bans staff from participating in finance, politics prediction markets, source saysGoldman Sachs has prohibited staff from trading prediction market contracts. These contracts are linked to financial markets and political ...
- SpaceXAI plans to launch new model with Cursor as soon as WednesdayElon Musk's SpaceX said in June it would buy Anysphere, the startup behind popular AI coding agent Cursor, in an all-stock deal worth $60 ...
- Work from home? For FIFA World Cup, even JPMorgan says yesThe FIFA World Cup is unexpectedly granting office workers a reprieve from commutes, with many employers in host cities encouraging remote ...
- Trump's name poised to be removed from Kennedy Center after court denies last-minute move to keep itWorkers are preparing to remove President Donald Trump's name from the Kennedy Center. A judge rejected a request to delay the removal. Sca...
- Meta scales back plan for internal mouse-tracking tech, citing staff concernsNew controls will allow employees to pause the data collection for up to 30 minutes at a time and request exemptions from the initiative,...
- After the AI binge, companies balk at soaring billsArtificial intelligence is becoming more expensive as companies rethink their initial embrace. The era of "subsidized intelligence" is endi...
- Company racks up $500M Claude AI bill in one month after putting no usage limits on employee licensesA firm's unchecked AI spending led to a staggering $500 million bill in a single month due to unlimited employee licenses for platforms lik...
- Epstein files reveal ongoing ties with this one wealth managerDespite the allegations surrounding Jeffrey Epstein, Bank of America wealth adviser Paul V. Morris maintained connections with Epstein for ...
- Meta lays off nearly 1,400 Washington employees in latest tech workforce cut: Check worst-hit departments, severance package and moreMeta is set to lay off nearly 1,400 employees across Washington state, including Seattle, Bellevue, and Redmond, starting July 22, 2026. Th...
- Trump-endorsed Paxton topples Cornyn in TexasKen Paxton secured the Republican Senate nomination in Texas, defeating incumbent John Cornyn with President Trump's endorsement. Paxton's ...
- Meta planning more layoffs after terminating 8,000 staff? Axed employee's remark on Mark Zuckerberg sparks buzzMeta CEO Mark Zuckerberg informed employees that no further company-wide layoffs are anticipated this year, following a recent wave affecti...
- Mark Zuckerberg says he feels 'weight' of Meta layoffsMeta is laying off approximately 8,000 employees, about 10% of its global workforce, to redirect resources towards an ambitious artificial ...
- Business Insider CEO Barbara Peng to depart end JuneBusiness Insider CEO Barbara Peng is stepping down by the end of next month to pursue new opportunities driven by technological change. Chr...
- Presidential Records Act ruling: Can Donald Trump ignore the Presidential Records Act? Judge says the White House must follow the lawA federal judge has ordered the Trump administration to comply with the Presidential Records Act, rejecting a Justice Department opinion th...
- Intuit to cut 17% of global jobs to streamline operations, memo showsIntuit is cutting around 3,000 jobs globally. This move aims to simplify operations and boost focus on key areas, especially artificial int...
- StanChart CEO seeks to reassure staff over AI-linked job cutsStandard Chartered CEO Bill Winters reassured staff following news of job cuts, emphasizing that the bank is replacing "lower-value human c...
- LinkedIn layoffs: Over 600 employees to lose jobs as company restructures operationsLinkedIn has laid off 606 employees, impacting roles across marketing, engineering, and product. This restructuring, aimed at creating agil...
- Meta begins 8,000 global job cuts in Asian hub of SingaporeMeta Platforms is laying off approximately 8,000 employees globally as part of a restructuring to boost efficiency and reduce costs, while ...
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