Industry

Meta

Meta Claims Layoffs Are Part of 'Continued Effort' To Run Operations More Efficiently in Email to Thousands of Affected Employees

Meta notified thousands of employees on May 20 that they were laid off to improve efficiency, representing 10% of the workforce, with no additional company-wide cuts expected in 2026.


More Companies Looking To Slash Junior Roles in Shift Driven by AI Assistants, Survey Finds

Survey finds over 40% of companies plan to cut junior roles as AI assistants automate routine tasks, reshaping entry-level hiring, required skills and early career paths.

While Polymarket Gets Banned in Europe, a No-Wager Rival Is Raising at a Fraction of Its Valuation

SafeBets is raising $2.1 billion on a no-wager prediction market model designed to avoid the regulatory crackdowns facing Polymarket and Kalshi across Europe and parts of the U.S.

New York Times Faces Reverse Discrimination Allegations in Federal Lawsuit

The New York Times faces a federal lawsuit alleging reverse discrimination in hiring, raising debate over diversity policies in the workplace.


Latest News

Trump Administration Fires FDA Staffers in Sweeping Workforce Reduction
The FDA has approved fruit-flavored e-cigarettes for adult smokers, sparking debate over youth vaping risks and public health concerns.
Spirit Airlines Staff at Florida Airport Filmed Cursing a 'Karen' Passenger After Moaning About Her Flight
A Spirit Airlines pilot delivered an emotional farewell to passengers after the sudden shutdown of the airline following failed bailout efforts
Purdue Pharma Faces $5.5B Criminal Sentence for Deceiving Regulators and
Purdue Pharma has been sentenced to pay $5.5 billion after pleading guilty to deceiving regulators and fueling the US opioid crisis through aggressive and illegal opioid sales practices.
JBS Faces Lawsuit in Brazil Over Beef Linked to Forced
Brazil's labor prosecutors have sued JBS over claims it bought cattle linked to forced labor, raising major concerns about supply chain oversight in the country's beef industry.
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Ford Motor Company expects a $1.3 billion tariff refund after a Supreme Court ruling, boosting profits despite ongoing trade cost pressures.
Elon Musk’s Historic Pay Deal Faces Fierce Pushback From Shareholders
Elon Musk accused Sam Altman of a "bait and switch" over OpenAI's direction during a heated court trial in California, escalating tensions in the high-stakes legal battle.
Spirit Airlines Offers Early Departure Packages to Salaried Employees: Here's Why
Spirit Airlines faces possible collapse as $500 million bailout talks stall, with creditors blocking a key government rescue plan.
American Airlines Offers $4.2 Billion in Pay Increase for Flight Attendants to Avoid Strike
American Airlines limits power banks to two per passenger and requires visibility on flights to reduce lithium battery fire risks.
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Disney pauses ESPN spinoff plans as CEO Josh D'Amaro focuses on streaming growth and keeping the sports network in-house.
Media Matters Sues to Halt FTC Probe Tied to Elon
SpaceX has approved a bold pay package for Elon Musk tied to reaching a $7.5 trillion valuation and building a permanent human colony on Mars.
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