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Morgan Stanley’s surprise round of layoffs this past week was the result of “shifting business and location priorities,” and “individual job performance” issues here and abroad, according to the firm’s flacks. But insiders close to the Wall Street giant say the real culprit can be summed up in two letters: “A” and “I.” No doubt, […]
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 […]
International Business Machines Corp. (IBM) signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Dec. 8, 2025. Michael Nagle | Bloomberg | Getty Images International Business Machines stock is getting slammed Monday, becoming the latest perceived victim of rapidly developing AI technology, after Anthropic said its Claude […]
Amazon’s latest round of brutal layoffs included several hundred employees in New York, The Post has learned. Some 135 corporate Amazon employees who worked at 1140 Broadway received pink slips in January, according to a state Department of Labor filing this week. Another 165 Amazon workers in New York were axed, with the government records […]
Brex co-founders Pedro Franceschi and Henrique Dubugras. Brex Capital One said Thursday that it was acquiring payments startup Brex for $5.15 billion, the latest splashy deal undertaken by the bank’s CEO, Richard Fairbank. The firm, which disclosed the deal in its fourth-quarter earnings statement, said the deal is made up of 50% cash and 50% […]
Nvidia CEO Jensen Huang said Monday that the company’s next generation of chips is in “full production,” saying they can deliver five times the artificial-intelligence computing of the company’s previous chips when serving up chatbots and other AI apps. In a speech at the Consumer Electronics Show in Las Vegas, the leader of the world’s most valuable […]
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 […]
Three years since the arrival of OpenAI’s ChatGPT, more devices featuring generative AI technology have hit the market in time for the 2025 holiday shopping season, with many offering deals for Black Friday. Shoppers can pick from more advanced smart glasses, smart speakers with genAI and a pendant AI friend that acts as a confidant. […]
The headquaters of US auto company General Motos (GM) in Detroit, Michigan. Uli Deck | Picture Alliance | Getty Images DETROIT – General Motors laid off more than 200 salaried employees on Friday, as the automaker continues to reevaluate its businesses and cut costs to boost profits. The impacted employees were largely Computer-Aided Design, or […]
Striking workers at Boeing Defense in the St. Louis area rejected the company’s latest contract proposal on Sunday, sending a strike that has already delayed delivery of fighter jets and other programs into its 13th week. In a statement after the vote, union leadership said the company had failed to address the needs of the roughly 3,200 members […]
