U.S. layoffs hit 950,000 in 2025, marking the highest level since 2020 amid a slowing job market and reduced hiring.
Industry
Verizon Taps Former PayPal CEO Dan Schulman as New Chief Executive
Verizon appoints former PayPal CEO Dan Schulman as its new chief executive, replacing Hans Vestberg.
Costco Partners with Novo Nordisk to Sell Ozempic and Wegovy at Lower Cost
Costco teams up with Novo Nordisk to sell Ozempic and Wegovy at $499, making popular weight-loss drugs more affordable for members.
Fifth Third Bank to Acquire Comerica in $10.9 Billion Deal, Creating Ninth-Largest US Lender
Fifth Third Bank will acquire Comerica in a $10.9 billion deal, creating the ninth-largest U.S. lender.
Amazon Confirms Departure of Key VP Just Days After Device Launches
Amazon VP Rob Williams steps down just days after device launch event, marking a rare S-team departure.
Latest News
Boeing begins training replacement workers as 3,200 St. Louis defense employees remain on strike over contract disputes.
Funcom celebrates Dune: Awakening's massive launch yet announces layoffs as it restructures for live operations and prepares for a big console release.
YouTube agrees to a $24.5 million settlement with Donald Trump over his account suspension after January 6 Capitol riots.
Lufthansa will cut 4,000 administrative jobs by 2030 in its biggest post-pandemic shakeup, aiming to boost efficiency through digitalization and AI.
China's factory slowdown stretched into a sixth month in September, fueling concerns over weak demand and stalled U.S. trade talks.
Nearly 200,000 BMW and Toyota Supra vehicles recalled in the U.S. due to a fire risk from faulty engine starters.
RadioShack owners are accused of running a $112 million Ponzi-like scheme using investor funds.
Starbucks is closing hundreds of stores and cutting 900 jobs as part of a $1 billion plan to improve its business.
YouTube TV faces new contract battles with NBCUniversal and Disney. Some questions about channel access and soaring subscription costs are appearing.
