Southwest cuts its earnings outlook on lost revenue due to government shutdown
Another big four airline has put a price tag on the 43-day government shutdown. on Friday said lower revenue due to a temporary decline in demand during the shutdown, together with higher fuel costs, ...
Apple poaches Meta’s chief legal officer
Just a day after announced that it had hired away user interface design lead, Apple has announced that it’s poached Jennifer Newstead, Meta’s chief legal officer, to become Apple’s new general counse...
HP slides on weak 2026 outlook and layoffs despite topping quarterly estimates
slumped more than 5% in premarket trading after the computer and printer giant announced weaker-than-expected guidance for fiscal 2026 alongside plans for a roughly 10% cut to its workforce. The compa...
Apple cuts sales jobs in rare layoff
is cutting “dozens” of roles from its sales team in a rare layoff, according to a report from Bloomberg. The reductions are aimed at streamlining the company’s sales to businesses, schools, and govern...
More Americans are job-hugging as switching employers doesn’t pay like it used to
Long gone are the days of the Great Resignation . Indeed, America’s labor market is increasingly in “hire less, fire more” mode — a subtle shift from the “hire less, fire less” pattern seen over the s...
US CEO departures are at their highest level in decades
Last Friday, announced that its longtime CEO, Doug McMillon, will step down next January, ending nearly 12 years at the helm — a period in which Walmart’s share price rose more than 300%. Calling it q...
FT says Apple’s CEO could step down as soon as 2026, Bloomberg disagrees
Late Friday, the Financial Times reported that CEO Tim Cook, a 65-year-old who’s led the company for nearly 15 years, could be stepping down as early as next year. On Saturday, Bloomberg’s Mark Gurma...
Amazon says it will reduce its workforce by 14,000
said it plans to cut its corporate workforce by 14,000, or 4% of its total corporate employees. “While this will include reducing in some areas and hiring in others, it will mean an overall reduction ...
Reuters: Amazon to cut 30,000 corporate jobs
is planning on cutting as many as 30,000 corporate workers starting on Tuesday, nearly 10% of its 350,000-strong corporate workforce, to “pare expenses and compensate for overhiring during the peak de...
Alaska Air drops after Q3 profit missed expectations and an IT outage grounded its flights across the US
A bad news twofer is driving lower in premarket trading Friday, following the airline’s Q3 earnings report after the close on Thursday. Alaska Air posted adjusted diluted earnings of $1.05 per share,...
Almost a quarter of American employees haven’t taken a single vacation day in the past year, survey finds
With summer now well and truly over for most, some of us might be starting to feel like it’s been ages since we were on vacation. For a considerable share of Americans, though, it really has been a wh...
Meta says it’s replacing jobs with tech in new round of layoffs
told employees in its risk division, which is responsible for ensuring regulatory and policy compliance, that some of their roles will be replaced by tech, Business Insider reports . “By moving from b...
Rivian plans its second layoff in two months, cutting more than 600 workers
After laying off about 1.5% of its workforce a month ago, EV maker is once again cutting staff. According to The Wall Street Journal, the automaker will let go of more than 600 employees. Rivian had ...
Employer-provided healthcare premiums rose to an average of $27,000 this year
Premiums for employer-provided health insurance plans reached nearly $27,000 this year, and are expected to rise even more in 2026 amid rising costs of care. Family premiums for these plans, for which...
Meta reorganizes its AI teams yet again, this time slashing 600 positions
As it scrambles to catch up to rivals, is yet again restructuring its AI teams, and will be laying off 600 researchers, according to Axios. This is the fifth reorg in the past eight months, based on ...
Amazon aims to automate 75% of its operations and avoid hiring 600,000+ people
might be one of few companies hiring ahead of the holiday season , but the e-commerce giant hopes to limit headcount additions in the years ahead as it leans more deeply into automation, according to ...
Uber launches “digital tasks” in the US, paying some drivers to train AI
Beginning later this fall, US drivers will be able to earn money by completing short “digital tasks” like uploading restaurant menus or recording audio samples. CEO Dara Khosrowshahi teased the new g...
Hims’ COO to step into advisory role months after joining the company
Chief Operating Officer Nader Kabbani — an veteran who joined the telehealth company in May — will leave his post next month, the company announced in a Thursday regulatory filing. Kabbani will begin...
How well can top AI models do these jobs?
One of the biggest fears fueling the public’s apprehension toward AI is that the technology will eventually take their jobs . We’ve already seen evidence that some roles like entry-level software deve...
Even ultimatums aren’t enough to drive America’s workers back to the office en masse
With media giants Paramount , AT&T and The New York Times joining Microsoft and Amazon in stepping up their office attendance requirements, Corporate America seems keen to return back to the old norma...