Boeing faces a crucial test with employees, customers and investors after announcing 10% job cuts and $5 billion in charges as a crippling machinists strike enters a fifth week.
Read More Boeing fine-tunes job cuts as major buyer slams 777X jet delay
Oliver Darcy, CNN’s “Reliable Sources” newsletter writer and a senior reporter, quit the struggling cable network on Thursday and announced that he will be launching a rival media newsletter.
Read More CNN’s ‘Reliable Sources’ Writer, Senior Reporter Oliver Darcy Quits Network
CNN will cut an estimated 100 jobs as part of a new shift in the company to change its operations and strengthen its digital media presence, higher ups told employees in an internal memo viewed by multiple sources.
Read More CNN Says It Will Cut 100 More Jobs To Better Focus On Its Digital Service
The spread of AI-based systems offers big opportunities for financial services firms, but asset managers face higher stakes because they manage sensitive information.
Read More Financial industry grappling with AI’s gifts and perils, executives say
The labor market is cooling but not enough to allay the Federal Reserve’s hesitance to begin cutting interest rates.
Read More US weekly jobless claims edge higher, Q1 labor costs revised lower
Tesla will lay off more than 10% of its global workforce as it grapples with falling sales and an intensifying price war for EVs.
Read More Tesla to lay off more than 10% of staff globally as sales fall