GM Cuts IT Jobs As AI Reshapes Workforce
Layoffs Hit Technology Teams General Motors laid off about 500 to 600 employees on Monday, largely affecting information technology roles in Austin, Texas, and Warren, Michigan. The cuts come as the Detroit
Disney Rises As New CEO Outlines Strategy
D’Amaro Sets A Clear Direction Walt Disney shares rose nearly 8% in early trading after new chief executive Josh D’Amaro outlined his strategy for the entertainment group. Speaking on his first earnings
Spirit Shutdown Empties LaGuardia Terminal
A Sudden Collapse Hits Terminal A The abrupt shutdown of Spirit Airlines has left LaGuardia Airport’s Marine Air Terminal nearly deserted, turning one of New York’s most historic aviation spaces into a
U.S. Business Activity Slows Amid Tariff and Spending Concerns
U.S. business activity nearly stalled in February as mounting concerns over tariffs on imports and significant federal government spending cuts dampened economic optimism. According to S&P Global’s report on Friday, business activity
HSBC Reports 3% Workforce Reduction and Stable Bonus Pool
HSBC’s headcount fell by 3% in 2024 while its staff bonus pool remained largely unchanged, according to the bank’s financial report issued on Wednesday. The Asia-focused lender continues to focus on cost-cutting
JetBlue Seeks New Airline Partnership After DOJ Block
JetBlue Airways announced on Wednesday that it is in discussions with multiple airlines to establish a new partnership and is prepared to allocate additional funds to secure a deal. Exploring New Partnerships
Southwest Airlines Announces First-Ever Mass Layoffs
Southwest Airlines said Monday it will cut 15% of its corporate workforce, or 1,750 people — marking the first mass layoffs in the company’s history. Details of the Workforce Reduction The layoffs,
Coca-Cola Enters the Prebiotic Soda Market with Simply Pop
Prebiotic sodas are trending, and Coca-Cola is joining the craze with its latest launch: Simply Pop. The new beverage line, under the Simply Beverages brand, offers Coca-Cola’s first-ever prebiotic soda, promising “real
Blue Origin’s New Glenn Completes First Test Flight
The 320-foot-tall (98-meter-tall) New Glenn rocket successfully lifted off for the first time on January 16 from Florida’s Space Coast. The test flight achieved its primary objective, delivering a test version of
JP Morgan Struggles With Office Space as It Ends Remote Work
JP Morgan Faces Space Crunch in London HQ JP Morgan is facing a shortage of desk space at its Canary Wharf headquarters as it pushes its 22,000 UK employees to return to
GM Plans to Offset Up to 50% of Trump’s Auto Tariffs
General Motors (GM) CEO Mary Barra said Tuesday that the company has contingency plans in place to mitigate between 30% and 50% of the potential tariffs President Donald Trump is threatening to
Nokia Appoints Justin Hotard as New CEO Amid AI Shift
Nokia (NOKIA.HE) announced on Monday that Pekka Lundmark will step down as CEO, with Justin Hotard set to take over the role on April 1. Hotard, an executive at Intel (INTC.O), brings
Meta Lays Off 4,000 Workers in Latest Cost-Cutting Move
Meta is laying off thousands of employees as part of its latest push for higher productivity, according to a Business Insider report. The cuts, affecting about 5% of the company’s workforce, will