Latest in Companies Used Layoffs
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US oil companies risk an unexpectedly large bill
Investor group alleges that US oil and gas groups are breaking the rules on corporate financial disclosureWorld - Financial Times - October 18 -
Companies’ earnings reports increase volatility of US stocks
Share prices swing as high valuations and uncertain outlook put investors on edgeWorld - Financial Times - October 26 -
Social Media Layoffs Hit Meta
The tech giant confirmed an unspecified number of job cuts at WhatsApp and Instagram.Business - Inc. - October 17 -
Pension fund use of ETFs surges in Europe
Institutional iShares assets under management have been growing at a compound annual growth rate of nearly 30% in the region, according to BlackRockWorld - Financial Times - October 18 -
US banks consider cutting interest payments on company deposits
Lenders target corporate clients as they seek to maintain profit margins with Fed trimming benchmark ratesBusiness - Financial Times - October 20 -
US and Taiwan set for talks to end double taxation for companies
Deal would increase investment in American semiconductor manufacturing and away from ChinaWorld - Financial Times - October 30 -
Billions in taxes hang in balance for US companies as election nears
Research shows Trump’s tax cuts led to expanded corporate investment — and a spike in share buybacksWorld - Financial Times - October 30 -
Unemployment Applications Rose, But Layoff Levels Are Low
The four-week average of claims fell by 9,750 to 227,250.Business - Inc. - 11 hours ago -
Japan’s Toho acquires North American animation company GKIDS, Studio Ghibli's US steward
The Japanese entertainment giant Toho has reached an agreement to acquire the Oscar-winning animation outfit GKIDS, the companies said TuesdayEntertainment - ABC News - October 15 -
TSMC denies U.S. is probing the company after report suggests blacklisted Huawei is using its chips
TSMC has denied a report that the U.S. is investigating its dealings with Huawei, following news that one of its chips has been found in a Huawei product.Business - CNBC - October 23 -
Universal strikes AI data training deal, still suing AI companies for using its data
Universal Music Group inked a deal with AI startup Klay to help develop a "responsible and ethical" AI model for music.Tech - VentureBeat - October 28 -
Top US official warns of 'large uptick' in foreign spies targeting tech companies
The nation's chief counterintelligence officer, Mike Casey, is warning of a "large uptick" in foreign spies trying to secretly infiltrate U.S. tech companies.Top stories - ABC News - October 29 -
Microsoft Copilot AI use extends deep into corporate America, but companies aren’t 100% sold
Microsoft Copilot AI adoption within corporate America is growing rapidly, but many companies are still unsure about the costs, a new CNBC survey finds.Business - CNBC - October 29 -
Boeing prepares layoff notices for thousands of workers as turmoil deepens
Thousands of Boeing staff will get layoff notices within weeks, a union and industry sources said, as a senior U.S. official flew to Seattle to try to ease a crippling strike and a major airline ...Top stories - NBC News - October 15 -
Spirit Airlines announces layoffs, jet sales as it tries to stay afloat
Embattled discount airline Spirit Airlines Inc. on Thursday said it would cut staff, scale back flight coverage and sell jets as it seeks a lifeline following its failed merger with JetBlue Airways ...Business - MarketWatch - October 25 -
Spirit Plans Layoffs and Plane Sales Amid Financial Turbulence
The company disclosed its plans for $80 million worth of cost-cutting moves, but has shared few details.Business - Inc. - October 28 -
PlayStation Executive Defends Layoffs, Says They Were Necessary To Run A Business
It's been tough times of late at Sony Interactive Entertainment, as the PlayStation company began the year by cutting 900+ jobs and cancelling games. In July, Sony axed a number of positions ...Tech - GameSpot - October 31 -
Netflix Executive Promotes AI Game Development Shortly After Huge Layoffs
Generative AI has been the epicenter of conversation about the future of entertainment across movies , TV , music , and video games . With more studios and developers embracing the technology, ...Tech - GameSpot - 4 days ago -
Life Is Strange Dev's Workers Are Going On Strike Over Impending Layoffs
Workers at the French gaming studio Don't Nod--the developers behind Jusant, Life is Strange 1 and 2, and upcoming release Lost Records: Bloom & Rage--are set to strike this week due to imminent ...Tech - GameSpot - 2 days ago -
She had her dream job. Now she's facing death threats, a cyberstalker and growing legal bills
Misinformation researchers say they are facing a more treacherous landscape this election season than in the past, fueled by online trolls and lawsuits.Business - CNBC - October 23 -
Jobless claims fall again as hurricane effects fade. Layoffs back to very low levels.
The number of Americans who applied for unemployment benefits last week fell sharply for the second week in a row to 227,000, reversing a spike in claims earlier in the month after a pair of major ...Business - MarketWatch - October 24 -
Spirit AeroSystems weighs hundreds more furloughs or layoffs if Boeing strike goes beyond Nov. 25
More than 32,000 Boeing machinists walked off the job on Sept. 13 after turning down an earlier tentative agreement.Business - CNBC - October 24 -
Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says
Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.Business - CNBC - October 28 -
Amazon CEO Andy Jassy denies that 5-day office mandate is a 'backdoor layoff'
Amazon CEO Andy Jassy denied speculation that the recently announced RTO mandate was made to further reduce head count or appease city officials.Business - CNBC - 2 days ago -
Companies brace for Tuesday: Mentions of election surge on earnings conference calls
More companies are talking publicly with investors about the presidential election than in recent cycles.Business - CNBC - 6 days ago -
Don’t bet on a taxing outcome for UK gambling companies
Fears that money would flow from the regulated sector has long deterred action against the industryBusiness - Financial Times - October 14 -
Britain’s summer riots paid off for one company
Mitie Group, a provider of outsourcing services, said the provision of “surge response” security services for the U.K. Home Office was one factor behind a 13% rise in revenue in the first halfBusiness - MarketWatch - October 15 -
House Democrats call on companies to retain DEI program
Forty-nine House Democrats signed an open letter to Fortune 1,000 chief executives asking them to affirm their commitment to their workplace equality initiatives, amid heightened backlash and legal ...Politics - The Hill - October 15 -
SAG-AFTRA and game companies resume negotiations
The SAG-AFTRA talent union has resumed negotiations with video game companies around rules for using AI for voice acting in games.Tech - VentureBeat - October 15 -
Companies curb UK advertising spending ahead of the Budget
Marketing budgets fail to grow for the first time in 14 quarters, trade body findsBusiness - Financial Times - October 16 -
Why Everyone in Your Company Should Be a Salesperson
The country’s top sellers shared their advice at the Inc. 5000 Conference.Business - Inc. - October 17 -
The Powerful Companies Driving Local Drugstores Out of Business
The biggest pharmacy benefit managers are profiting by systematically underpaying independent drugstores, creating “pharmacy deserts” across the country.Business - The New York Times - October 19 -
This Company Created an ‘Easy Button’ for Sharing Information Securely
Two brothers with roots in national security built Virtru based on the insight that private companies have the same needs as government.Business - Inc. - October 21 -
Deadly ‘Terrorist’ Attack on Turkish Aerospace Company Leaves 5 Dead
Turkey’s interior minister said it was “most probably” the Kurdistan Worker’s Party that carried out the assault on the sprawling Turkish Aerospace Industries complex near Ankara.World - The New York Times - October 24 -
Carbon Removal Companies Seek More Regulation
As federal dollars flood the sector, these emissions fighters want official standards and regulations to boost transparency and confidence in their work.Business - Inc. - October 23 -
At least five dead in attack at Turkish aviation company
Authorities say Kurdish rebel group the PKK are behind the attack, which left another 22 people injured.Top stories - BBC News - October 23