Microsoft may cut 5,500 jobs as AI investments accelerate, reigniting debate over H-1B hiring and workforce restructuring in the tech sector.
Browsing: Corporate governance
Amazon launches a $1 billion AI-driven FDE initiative to accelerate enterprise AI adoption with embedded engineers and autonomous AI agents.
Elementor lays off over 100 employees as CEO cites rapid AI disruption, restructuring, and a shift toward AI-driven website development.
Apple iPhone 18 Pro supplier data, component details and prototype images leaked after Tata Electronics cyberattack.
NBS plans 600 job cuts following the Virgin Money merger as integration reshapes operations, eliminates overlapping roles.
Indian American executive to lead the company’s global procurement strategy, focusing on driving operational excellence.
New Indian American Chief Product Officer Sameer Kamat to lead Centage’s product vision, strategy, and execution.
British American Tobacco, the company behind Lucky Strike and Dunhill cigarettes, is cutting 5,500 roles and outsourcing 3,500 more as part of its cost-cutting drive
Ford rehired over 300 veteran engineers after AI-driven quality systems fell short, highlighting the continued importance of human expertise.
Samsung and SK Hynix unveil a $518 billion semiconductor expansion to boost AI chip production and strengthen South Korea’s tech leadership.
BitGo cuts 15% of its workforce to prioritize AI, stablecoins, and trading as crypto firms continue widespread cost-cutting efforts
Former Meta executive Sarah Wynn-Williams sues Meta, challenging a gag order over her memoir Careless People and free speech rights.
Micron surpassed Meta in market value after strong AI-driven forecasts and $22 billion in customer commitments boosted investor confidence.
Anthropic accuses Alibaba of a massive AI distillation attack, alleging unauthorized extraction of Claude’s capabilities to train AI models
JPMorgan Chase will lay off 244 employees as it closes a Texas call center while reshuffling leadership under CEO Jamie Dimon.
Walmart will lay off 306 Silicon Valley employees in August as it restructures technology teams to streamline operations and boost efficiency
OpenAI launches Jalapeño, its first custom AI chip built with Broadcom, aiming to boost efficiency and reduce reliance on Nvidia hardware.
ByteDance seeks a record $20 billion offshore loan to accelerate AI expansion, data center investments and global technology competition.
Slash employee accidentally spent $81,000 in AI credits while building a viral game, exposing the hidden costs of AI-powered coding.
Ethereum Foundation cuts 20% of staff and restructures operations as leadership departures raise questions about governance and strategy.
Workday faces a landmark lawsuit alleging AI hiring bias, with claims of disability discrimination, violations of California employment law.
Nasdaq 100 faces a $1 trillion wipeout as tech stocks tumble, SpaceX valuation slips, and AI spending concerns grow.
Lucid cuts 18% of its workforce, eliminates COO role, and trims production as EV demand slows and costs rise
OpenAI takes center stage at Cannes Lions 2026 as AI reshapes advertising, media strategies, and competition with Meta and Google.
Apple closes three U.S. retail stores, including its unionized Maryland location, citing struggling malls, changing consumer shopping habits.