Microsoft confirms performance-based job cuts across departments
Read more at CNBC
Topics
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Starbucks Expecting Job Cuts by March
Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.The Wall Street Journal - 1d -
Citigroup Slashes Jobs as Cost-Cutting Continues
Targets include senior managers in the banking giant’s wealth, technology and data analysis units.Inc. - 1d -
Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.CNBC - 2d -
BP axes 4,700 jobs in cost-cutting drive
UK energy major under pressure from shareholders to turn around its performanceFinancial Times - 2d -
BP to cut 4,700 jobs to reduce costs
The job losses at the oil giant will affect more than 5% of its global workforce.BBC News - 2d -
Lloyds to cut 500 jobs and close two offices
UK bank to review more than 1,500 jobs across multiple departmentsFinancial Times - 3d -
Musk and Ramaswamy sending agents across US government to seek cuts
So-called department of government efficiency charged by Trump to help effect radical government shake-up. Elon Musk and Vivek Ramaswamy have already dispatched emissaries across the US ...The Guardian - Jan. 10 -
Microsoft confirms performance-based job cuts across departments
Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday.NBC News - Jan. 9 -
Microsoft Says AI Will Lead To Job Losses, Invests $80 Billion In The Tech
Microsoft has doubled down on its plan to invest $80 billion into artificial technologies in 2025, while at the same time admitting that advancements to the technology will lead to job losses. This ...GameSpot - Jan. 6
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Apple, Google remove TikTok from stores as app halts service in U.S.
Apple and Google have removed TikTok from their respective app stores as U.S. operations shut down.CNBC - 4h -
Solana surges 12% on launch of Trump-themed meme coin, ether falls
Solana's SOL token rocketed after a meme coin linked to President-elect Donald Trump launched on the popular blockchain network.CNBC - 11h -
Vanguard to pay more than $100 million to SEC over violations involving target date retirement funds
The payment stems from a 2020 change by Vanguard that led to redemptions in one class of target date funds.CNBC - 1d -
GLP-1s and Brian Thompson’s killing loom large at top health-care conference
This year's JPMorgan health-care conference took place a month after UnitedHealthcare CEO Brian Thompson was fatally shot in New York City.CNBC - 20h -
Trump inauguration to be moved indoors due to extreme cold
Donald Trump will be sworn in for a second White House term in the Capitol Rotunda due to expected frigid weather in Washington, D.C.CNBC - 1d
More in Business
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Israel-Hamas ceasefire deal delayed
Military hits targets in Gaza as Palestinian militant group fails to provide list of hostages to be releasedFinancial Times - 1h -
TikTok goes dark across US
Short-form video app says it is ‘fortunate’ that Donald Trump has ‘indicated he will work with us on a solution’Financial Times - 3h -
Is the stock market open tomorrow? Here’s what to know for Inauguration Day and MLK Day.
The two major events fall on the same day — Jan. 20 — but most closures are because of MLK Day, which is a federal holiday.MarketWatch - 4h -
Severance spending at top UK universities surges
FT analysis shows drop-off in overseas enrolments pushed redundancy payouts up by more than a fifth in 2024Financial Times - 4h -
The consensus on a strong dollar may be too complacent
There are at least three reasons why the greenback might not follow the script currently signalled by marketsFinancial Times - 4h