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Hyundai has slashed 80% of staff from its futuristic flying EV company in California — in yet another blow for business in the Golden State. Supernal, which makes vertical take-off prototypes, revealed last week it was axing 296 jobs at plants in Orange County and Fremont and at a test site in Mojave. The $1.7 […]
President Trump said Friday that he has directed all federal agencies to “immediately cease” working with Anthropic, blasting the AI company’s leadership as “leftwing nut jobs.” The scathing announcement from Trump brought an abrupt end to a major dispute between Anthropic and the Pentagon, which had given the company until 5:01 p.m. Eastern Time Friday […]
Home Depot said Wednesday it is cutting 800 jobs associated with its Atlanta store support center, and is calling on its corporate employees to return to the office five days a week. In a statement, Home Depot said its “goal is to drive greater agility and position the company to move faster and stay even more closely connected with […]
SAN FRANCISCO, CALIFORNIA – SEPTEMBER 04: Anthropic Co-founder and CEO Dario Amodei speaks at the “How AI Will Transform Business in the Next 18 Months” panel during INBOUND 2025 Powered by HubSpot at Moscone Center on September 04, 2025 in San Francisco, California. (Photo by Chance Yeh/Getty Images for HubSpot) Chance Yeh | Getty Images […]
HP said Tuesday it expects to cut between 4,000 and 6,000 jobs globally by fiscal 2028 as part of a plan to streamline operations and adopt artificial intelligence to speed up product development, improve customer satisfaction and boost productivity. Shares of the Palo Alto, Calif.-based company fell more than 5% in extended trading. HP’s teams focused […]
Ford has been unable to fill some 5,000 openings for mechanics despite offering a salary of $120,000 a year — prompting the company’s chief executive to warn of a dire shortage of skilled tradespeople in the US. “We are in trouble in our country. We are not talking about this enough,” Ford CEO Jim Farley […]
The former Verizon CEO ousted last month by the company’s board could still collect most of his $20 million pay package — even as the telecom giant bleeds customers, its stock sinks and 15,000 workers face layoffs. Hans Vestberg, the Swedish executive who was pushed out in October, has an ally on the board who […]
Paramount Skydance said it will make $1.5 billion in programming investments next year in its first quarterly results for the combined company since the completion of the $8.4 billion merger. Shares of the company were up 7% in trading after the bell. Paramount Global and Skydance Media completed their merger in August, installing new leadership at the media […]
Paramount Skydance will begin firing 1,000 employees on Wednesday — the first phase of sweeping layoffs that will ultimately eliminate about 2,000 positions as CEO David Ellison pushes to trim $2 billion in costs. The firings mark the first major restructuring since Skydance Media completed its $8.4 billion merger with Paramount Global in August, creating […]
Meta on Wednesday said that it plans to cut approximately 600 jobs in its artificial intelligence division, according to a memo sent to employees that was relayed to The New York Times, as the company seeks to keep pace with competitors in the furious contest over the technology. The layoffs will be in Meta’s so-called […]
