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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...
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The election of Donald Trump in November and a swing back to Republican power in Washington is already starting to make an impact in the business...
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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...
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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...
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Microsoft is forming a new group focused on developing AI apps and providing tools for third-party customers, the company announced Monday. The new group will...
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WASHINGTON — The Biden administration will hold off enforcing a requirement laid out in an executive order this month that Nippon Steel abandon its $14.9 billion bid for U.S. Steel, the...
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Four years after exiting bankruptcy, Chuck E. Cheese is making a comeback, thanks to a dramatic makeover to introduce its games and pizza to...
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McDonald’s will shutter three locations of its drinks-focused spinoff brand, CosMc’s. To test the concept, the fast-food giant opened its first CosMc’s location more than a year ago...
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Meta on Friday told employees that its plans to end a number of internal programs designed to increase the company’s hiring of diverse candidates, the...
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The Securities and Exchange Commission said Friday that World Wrestling Entertainment co-founder Vince McMahon will pay more than $1.7 million in relation to charges...
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Disney, Fox and Warner Bros. Discovery have called off plans to launch their sports streaming service, Venu, the companies said in a joint statement Friday. “After careful consideration,...
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Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday. “At Microsoft we focus on...
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Disney said Wednesday it has an estimated 157 million global monthly active users watching ad-supported content across its streaming platforms — Disney+, Hulu and ESPN+....
