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Corporate Layoffs Spread Beyond High-Growth Tech Giants
Dow, IBM and SAP say they will lay off thousands of workers as belt-tightening becomes the new business priority
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Justin Bieber Sells Music Rights to Blackstone-Backed Fund Hipgnosis
The deal includes more than 290 of the pop star’s songs including ‘Love Yourself’ and ‘Ghost’
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Spotify to Cut 6% of Workforce in Latest Tech Layoffs
Streaming company says move is part of broader cost-cutting measures
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Netflix Co-Founder Reed Hastings Transitions to Chairman Role, With Greg Peters Elevated as Co-CEO
Streaming giant added 7.7 million net new subscribers in fourth quarter
By Editors Desk
Latest Business
Netflix Shocker: Reed Hastings to Exit Co-CEO Role, Will Remain as Executive Chairman
Greg Peters has been promoted to co-CEO alongside Ted Sarandos, with Bela Bajaria and Scott Stuber also being promoted.
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Netflix co-CEO steps down
Cofounder Reed Hastings will now serve as executive chairman, the company announced. Here's what we know
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Janet Yellen Says U.S. Begins Extraordinary Measures to Avoid Debt Default
Maneuvers give Congress five months to pass legislation raising or suspending the debt limit
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Microsoft Plans to Announce Layoffs as Early as Wednesday Morning
Software company’s revenue growth has slowed in recent quarters
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China’s Economic Growth Fell to Near-Historic Lows as Covid Took a Bite
The outlook for 2023 has been lifted by optimism around the easing of Covid restrictions
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Elon Musk breaks world record for biggest drop of personal wealth in history
The Tesla founder has just shattered a huge world record – but it’s probably one he would rather have left alone.
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Jack Ma Cedes Control of Fintech Giant Ant Group
Chinese billionaire entrepreneur is taking a step further away from the business empire he created decades ago
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Amazon CEO says job cuts to exceed 18,000 roles
The company began letting staff go in November from its devices division, with a source telling Reuters at the time it was targeting around 10,000 cuts.
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Brutal day for Musk as Tesla plummets
Elon Musk’s hopes of leaving his financial woes behind him in 2022 have gone up in smoke as the Tesla share price continues to nosedive.
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$1.2 trillion wiped: Musk’s disastrous year
Elon Musk is no longer the world’s richest man after a catastrophic 365 days for the billionaire where he has just haemorraged money.
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Girlfriend faced 110 years before co-operating
Disgraced FTX crypto mogul Sam Bankman-Fried’s ex-girlfriend Caroline Ellison was facing up to 110 years in prison before she started talking.
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Microsoft Responds to FTC Suit Over Activision Deal
Software giant files documents opposing claims that transaction would harm competition in videogame industry
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Ex-girlfriend of crypto mogul pleads guilty
The ex-girlfriend of disgraced crypto mogul Sam Bankman-Fried and a co-founder of FTX have pleaded guilty to fraud charges and are co-operating with prosecutors.
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FTX founder Sam Bankman-Fried to face fraud charges after extradition, two ex-associates charged
The Bahamian Office of Attorney General Ryan Pinder said Bankman-Fried would depart for the U.S. Wednesday night.
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Sam Bankman-Fried: FTX founder arrested in Bahamas
Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, has been arrested in The Bahamas, the country's attorney general has said.
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FTX Founder Sam Bankman-Fried Arrested
The former FTX chief executive was arrested in the Bahamas after the U.S. filed criminal charges, the Office of the Attorney General of the Bahamas said.
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