Nestlé’s new CEO Philipp Navratil announces a global restructuring with 16,000 job cuts, targeting 3 billion Swiss francs in savings to restore growth and investor confidence.
Browsing: Corporate governance
AI-driven document intelligence startup Reducto raises $75 million in Series B funding led by Andreessen Horowitz to advance its vision-language model-powered document processing platform.
Shah Capital renews pressure on Novavax board, saying the biotech’s underperformance calls for a strategic sale to unlock value.
NASA’s Jet Propulsion Laboratory has laid off 550 employees, about 10% of its workforce, as part of a broad realignment to secure its future operations.
Former OpenAI CTO Mira Murati’s AI startup, Thinking Machines Lab, faces a major shake-up as co-founder Andrew Tulloch departs to join Meta amid aggressive talent poaching.
Former Apple CEO John Sculley says OpenAI is Apple’s first real competitor in decades, urging the company to shift from the apps era to the agentic AI era.
Google faces backlash after asking U.S. employees to share personal data with AI tool Nayya for health benefits, sparking concerns over privacy, consent, and data governance.
Amazon launches Quick Suite, an AI-powered workspace integrating chatbots, data analysis, and automation to rival Microsoft 365 Copilot, Google Gemini, and OpenAI’s enterprise tools.
Former UK Prime Minister Rishi Sunak joins Microsoft and AI startup Anthropic as a paid advisor, donating proceeds to his charity while guiding global AI strategy.
Indian American engineer to accelerate digital transformation strategy at purpose-driven consulting engineering leader working for a sustainable future
Accenture outpaces India’s top IT firms with $4.8 billion in new business, driven by AI-led growth, record generative AI deals, and diversified digital investments.
Arm CEO Rene Haas highlights Intel’s struggles in chip innovation, stressing how missed investments and workforce gaps make recovery in the semiconductor industry an uphill climb.
Google faces employee backlash after reports that accessing health benefits requires sharing personal data with third-party AI tool Nayya, raising privacy and consent concerns.
The U.S. National Highway Traffic Safety Administration (NHTSA) is investigating 2.88 million Tesla vehicles over safety concerns and crashes linked to its Full Self-Driving system.
Elon Musk appoints former Morgan Stanley banker Anthony Armstrong as CFO of xAI and X, steering financial stability amid mergers, controversies, and AI-driven expansion.
The U.S. Supreme Court rejected SAP’s appeal, allowing Teradata to proceed with its antitrust lawsuit accusing the software giant of unlawfully tying its products.
Rite Aid, one of America’s oldest pharmacy chains, has officially shut down after decades of service, following bankruptcy, opioid lawsuits, and mounting financial struggles.
Amazon resumes drone deliveries after a crash in Arizona, introducing new safety measures while continuing its push to expand Prime Air’s commercial delivery program.
The family of 19-year-old Krysta Tsukahara has sued Tesla, alleging flawed Cybertruck door design trapped her after a crash and fire in California.
Microsoft is striking multibillion-dollar deals with “neoclouds” like Nebius, CoreWeave, Nscale, and Lambda to rapidly expand AI computing capacity and meet soaring global demand.
Donald Trump has demanded Microsoft fire Lisa Monaco and urged Intel CEO Lip-Bu Tan’s resignation, citing national security risks tied to government contracts and China connections.
Accenture CEO Julie Sweet downplays the $100K H-1B visa fee, framing it as minimal impact while the firm realigns its workforce toward AI-driven growth and efficiency.
Amazon will pay $2.5 billion to settle FTC allegations that it used deceptive “dark patterns” to mislead customers into Prime subscriptions and made cancellations difficult.
Starbucks CEO Brian Niccol launches a $1 billion restructuring plan with store closures, staff cuts, and reinvestments in coffeehouse designs to revitalize the struggling chain.
Neon Mobile, a fast-rising social app, pays users for recorded calls sold to AI firms, raising major privacy, data ownership, and legal concerns.