Automattic, parent company of WordPress.com, Tumblr, WooCommerce, begin layoffs across teams, with further job cuts expected in coming months
Browsing: Economy
Indian American Barclays CEO CS Venkatakrishnan discusses AI’s growing role as the bank plans 5,000 job cuts, expands technology investments
Rising borrowing costs, stretched valuations and mounting leverage are testing the foundations of Wall Street’s artificial intelligence boom.
Rising tariffs, energy costs and inflation are driving up U.S. toy prices, forcing American families to spend more this holiday season.
Netflix lays off TV executives Lisa Lang McMullen, James Oh, Carolina Garcia and Andrew McQuinn amid job cuts.
The OCC says nine major US banks maintained policies restricting financial services based on political beliefs or lawful business activities.
Bending Spoons product lead Federico Simionato faces backlash for announcing Airtable layoffs alongside product updates, sparking criticism
Getty Images plans to file for Chapter 11 bankruptcy, secure $533 million in new equity, and restructure debt under private ownership.
Bezos defends billionaire wealth, saying success is not villainy, while acknowledging housing affordability challenges, criticism of wealth.
Kroger’s planned 3,000 corporate job cuts have sparked a viral X post alleging links to India expansion, raising questions about outsourcing
Robert E. Hall and Michael Woodford win the 2026 Nobel Prize in Economics for research on macroeconomic stabilization and effective policy.
Philadelphia’s biotech sector produces ground-breaking discoveries but needs stronger investment, manufacturing, and business leadership
LinkedIn will base employee bonuses entirely on individual performance starting in 2027, ending its current system that weighs results equally
HubSpot will cut about 600 jobs, or 7% of its workforce, as CEO Yamini Rangan accelerates the company’s shift toward an AI-focused strategy.
Oracle expands its voluntary separation program for eligible U.S. workers, offering six weeks of severance amid major workforce restructuring
Amazon employees are reporting layoffs on Reddit as the company confirms corporate job cuts across its Stores division.
Most US voters fear AI could threaten American jobs and want stricter government regulation, a new Reuters/Ipsos poll finds.
Porsche plans to cut 9,000 jobs by 2035 as it focuses on luxury models to counter slower sales and restore profits.
International students can leverage cross-cultural skills, adaptability, human judgment to stay competitive as AI reshapes the job market
China’s grassroots entrepreneurship offers lessons for America as AI, SMEs, and entrepreneurial mobilization reshape national prosperity
Nike shares plunge 9% as slower turnaround, weak China sales and restructuring plans raise concerns over revenue and potential job cuts.
Trump’s meme coin is offering top investors invitations to a private dinner with the president, a VIP reception, Trump-branded gold watches
A review of Jha’s “Owed to Every Child” examines Deendayal Upadhyay’s educational vision and its implications for India’s education system
Workday plans to cut about 525 jobs, or 2.5% of its workforce, primarily in its Product, Technology team, in its second round of layoffs.
McKinsey estimates 11 million U.S. workers may need to switch occupations by 2035 as automation and AI reshape the labor market.