Amazon is letting go of about 16, 000 corporate workers. This is the second big round of job cuts in just a few months. The company says it wants to use AI to do some of the work instead. They also want to make things simpler and get rid of extra layers in the company. Amazon didn't say which parts
Spirit Airlines is in a tight spot. The budget airline filed for Chapter 11 bankruptcy late last year. Now, the big decision-makers are the bondholders, like Ken Griffin's Citadel. They hold the purse strings and will decide if Spirit gets the money it needs to keep flying or if it's game over. The
PENN Entertainment is making big changes to its leadership team. The company wants to focus more on digital services and improve how it connects with customers. Two top executives, Todd George and Rich Primus, are leaving. They have been with PENN for a long time and helped shape its current success
Meta, the company behind Facebook, Instagram, and WhatsApp, has been shaking things up with its artificial intelligence (AI) division. The big boss, Mark Zuckerberg, brought in a young tech whiz, Alexandr Wang, to lead a new team called TBD Lab. This team is made up of some of the brightest AI minds
Pizza Hut is in a tough spot. Yum Brands, the company that owns Pizza Hut, has decided to look at different ways to improve the pizza chain. This could mean selling it, teaming up with someone else, or just selling a part of it. The goal is to figure out what's best for Pizza Hut's future. Pizza Hu
Office Depot and OfficeMax, two big names in office supplies, are shutting down almost 100 more stores. This is not just a recent thing. It has been going on for a while. The company that owns them, ODP Corporation, has been struggling. This is because people are buying things online more often. The
Amazon is making some big moves. They're cutting 14, 000 corporate jobs. That's about 4% of their workforce. Why? They want to streamline things and focus more on AI. It's a big shift, but it's not surprising. You see, Amazon has been under a lot of pressure lately. Investors want them to tighten t
Meta, the tech giant behind Facebook and Instagram, has recently announced that some jobs in its risk division are being cut. This is because the company is shifting towards using more automated processes instead of manual reviews. Michel Protti, Meta's chief compliance and privacy officer of produc
Molson Coors Beverage Company is making some big changes. They plan to cut about 400 jobs, which is 9% of their salaried workforce in the Americas, by the end of this year. This is part of a bigger plan to restructure the company. Why are they doing this? Well, it's not easy out there. Companies in
A big change is happening at Paramount. The company has joined forces with Skydance Media in a deal worth $8 billion. This merger is set to reshape Paramount into a tech-savvy entertainment giant. The new company will be led by David Ellison, who will serve as both chairman and CEO. The merger mean
