Meta is set to cut about 5% of its workforce, focusing on the company’s lowest-performing staffers, CNBC confirmed Tuesday. CEO Mark Zuckerberg informed employees about the decision to “move out low performers faster”…
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Government inspectors documented unsanitary conditions at several Boar’s Head deli meat plants, not just the factory that was shut down last year after a deadly outbreak of listeria poisoning, federal records show. Newly…
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Southwest Airlines pauses corporate hiring, most summer internships to cut costs
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Southwest Airlines is pausing corporate hiring and promotions, suspending most of its summer internships and going without some employee team-building events that date back to the 1980s in order to cut…
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Boeing delivered 30 airplanes in December, but gap with Airbus widened in 2024
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Boeing handed over 348 airplanes in 2024, about a third fewer than it did a year earlier as the aerospace giant struggled with a crisis after a midair door panel blowout a year…
Rashida Jones, the president of MSNBC, announced Tuesday that she is stepping down after four years of steering the cable news network. Jones, who made history as the first Black…
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SEC charges Robinhood with securities violations; brokerage to pay $45 million penalty
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The Securities and Exchange Commission on Monday said two related Robinhood broker-dealers agreed to pay $45 million in combined penalties to settle administrative charges that they violated more than 10 separate securities law provisions related to…
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Comcast and Harris Blitzer to build NBA, NHL stadium in south Philadelphia
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Harris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia for the NBA’s 76ers and the NHL’s Flyers. The deal…
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Barry’s Bootcamp announces new investment as others exit boutique fitness category
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As the boutique fitness sector starts to buckle, Barry’s Bootcamp on Monday announced new investment from Princeton Equity Group. “The reason why this [boutique fitness] works for Barry’s is that…
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Comcast and Harris Blitzer to build new NBA, NHL stadium in south Philadelphia
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Harris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia for the NBA’s 76ers and the NHL’s Flyers. The deal…
Barry Diller’s IAC said Monday that its board approved the spinoff of Angi, the home improvement marketplace the company acquired in 2017. IAC said it expects the transaction to close in the second quarter of…