Industry

Microsoft lays off 9,000 employees to streamline management and boost efficiency across teams.

Xbox head Phil Spencer is not retiring, and he is not part of the thousand who have lost their jobs due to Microsoft's layoffs.

Jeff Bezos sells $737 million in Amazon stock following his lavish wedding, funding global ventures and philanthropic efforts.

Wegmans recalls chocolate nonpareils in 8 states due to undeclared milk allergen risk.

Over 140,000 pounds of bologna recalled nationwide due to undeclared meat ingredients, warns USDA.

Trump slammed AT&T for a failed faith leader call, but the company says a third-party conference platform, not their network, was actually to blame.

Luckin Coffee enters the U.S. market with two NYC stores, challenging Starbucks with app-only ordering and competitive prices.

Home Depot is acquiring GMS for $4.3 billion to expand services for professional builders and contractors.

Mark Zuckerberg's ambitions for Meta AI starts with its new Superintelligence Labs led by his latest acquired talent.

Apple may reportedly no longer rely on its internal AI developments and opt for third parties like OpenAI or Anthropic for Siri instead.

Costco extends Saturday hours and adds new perks for Executive Members, including early access and monthly shopping credits.

Kroger plans to open 30 new stores in 2025 while closing underperforming locations to boost growth and customer loyalty.

Donald Trump ends trade talks with Canada over its digital tax, threatening new tariffs within a week.

OpenAI is said to recalibrating the way it compensates employees as Meta's staff poaching spree gets more aggressive.

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Microsoft Lays Off 9,000 Employees, Reducing Layers of Management for Agility