A third of Tesla’s top executives onstage with Musk two years ago have left
Two years ago, CEO Elon Musk defended against criticism that he was spending too much time running Twitter by saying Tesla had a world-class team in charge. “We’ve obviously got significant bench str...
Amazon CEO: AI will cut Amazon’s workforce
CEO Andy Jassy says that AI will reduce the company’s workforce over the next few years. Currently, Amazon has 1.56 million employees, but that might soon trend downward.
JetBlue dips as it plans to cut flights and pause retrofits
Shares of were trading down more than 4% on Tuesday morning after CEO Joanna Geraghty informed staff that the carrier would be implementing further cost cuts. In its effort to streamline, JetBlue sai...
Graduates are struggling to find a job in 2025 — when they get one, things don’t seem to get much better
There was a time when a good college degree didn’t just decorate a resume — it practically came with a near-guaranteed job offer in corporate America. But that promise is fading fast for the class of ...
Starbucks goes all in on human baristas after years of slashing the size of its workforce
What makes a good barista? Extensive coffee knowledge? Intricate latte art? Spelling your name correctly? According to first ever global barista champion, Japan’s Nobuki — who beat 84,000 other conte...
Paramount lays off 3% of workforce as media cost-cutting wave grows
is trimming more jobs as the legacy media company grapples with shifting audience habits and rising pressure to cut costs. In a Tuesday memo, the three men who jointly make up the company’s “office of...
Number of unemployed Americans rises for fourth straight month, the longest streak since 2009
A May jobs report that ticked all the boxes at the surface level — better-than-expected job growth with the unemployment rate holding steady — is propelling stocks higher this morning , but really was...
Ho-hum May jobs report sends stocks higher
US nonfarm payrolls rose by 139,000 in May, solidly above estimates for 126,000, while the unemployment rate held steady at 4.2% as anticipated. and extended premarket gains to session highs in the w...
Uber’s having drivers train its AI while partnering with robotaxi companies that could replace them
, one of the OG tech disruptors, sure appears to be planning to disrupt its own workforce. Speaking at the Bloomberg Tech conference on Thursday, CEO Dara Khosrowshahi said the company’s drivers can n...
Disney is cutting several hundred jobs worldwide in its latest cost-saving push: Report
is reportedly laying off several hundred employees globally as part of its ongoing cost-cutting effort. The affected roles span film and TV marketing, publicity, casting, development, and corporate fi...
Federal workers have returned to the office in droves after government orders in January
Analysis from the Bureau of Labor Statistics, published Friday, revealed that less than 1 in 5 (~18%) federal government workers spent time teleworking or working at home for pay in April, down from ~...
Big Tech isn’t hiring like it used to, unless you say the magic words
When Big Tech started slashing jobs in late 2022, it felt like a brief (and painful) correction to the pandemic-era hiring binge, when Apple, Amazon, Meta, Microsoft, and Alphabet collectively added m...
Microsoft is laying off 3% of its workforce
announced that it’s laying off 3% of its global workforce of 228,000 workers. The company had recently reported very strong earnings for Q2 2025 , blowing past analyst expectations, powered by strong ...
Nissan will cut 11,000 more jobs than it previously planned, bringing the total to 15% of its workforce
According to reporting by Japanese public broadcaster NHK, is planning to lay off an additional 11,000 employees. The figure brings the total job cuts for the Altima maker to roughly 20,000, or 15% o...
Student loan delinquencies hovered near zero during Covid — but a spike may be coming
Federal student loan payments are officially back, and so is the pain. Last week, the US Department of Education resumed collections on 5.3 million borrowers in default — who could now see money taken...
Tesla employees confirm demand problems but stock spikes on tariff reprieve
In an open letter asking CEO Elon Musk to resign, Tesla employees said that the company’s switchover to an updated Model Y in the first quarter isn’t the cause of its problems, Electrek reports . Tha...
CrowdStrike drops following mass layoffs tied to AI
on Wednesday announced it would lay off 500 employees, or 5% of its workforce, to reduce costs. The cybersecurity firm cited its “evolving operating model” as one of the primary reasons for the cuts. ...
United Airlines cuts 10% of its Newark flights, citing air traffic controller understaffing
flights account for roughly three-quarters of the air traffic in and out of Newark Liberty International Airport. Over the weekend, the carrier announced it’s cutting 35 round-trip Newark flights, or ...
US stocks extend premarket gains after surprisingly solid April job growth
Liberation Day may have rocked financial markets, but angst over the outlook for the economy following tariffs did not immediately upend the US job market. Nonfarm payrolls rose by 177,000 in April, w...
WSJ report: With CEO Musk’s attention diverted, Tesla’s board opened a search for his potential successor
With Elon Musk playing a big role in the government and Tesla’s stock dropping, the company’s board started thinking about who might be Tesla’s next CEO, according to a report from The Wall Street Jou...