Facebook owner Meta Platforms Inc. plans to lay off around 10,000 employees and close about 5,000 additional open roles in its second major round of job cuts in the past six months as it seeks to winnow expenses and improve efficiency.
The company is aiming to make its organization flatter by removing multiple layers of management, Chief Executive Officer Mark Zuckerberg said in a stateme…
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What began last week as sporadic power outages and rationing has now spiraled into China’s worst energy crisis in a decade, with factories shuttered, traffic lights and 3G communications networks cut, and shopkeepers forced to illuminate their premises by candlelight.
As many as 20 of China’s 31 mainland provinces have been impacted by a combination of soaring fuel prices, hig…
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Shortly after Microsoft released its new AI-powered search tool, Bing, to a select group of users in early February, a 23 year-old student from Germany decided to test its limits.
It didn’t take long for Marvin von Hagen, a former intern at Tesla, to get Bing to reveal a strange alter ego—Sydney—and return what appeared to be a list of rules that the chatbot had been giv…
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Shopping for a home these days is a miserable slog. The buyers who walk away with a set of keys succeed against long odds, prevailing despite skyrocketing prices and relentless competition. Even as the U.S. housing market shows signs of cooling, buyers are still feeling enormous pressure to move quickly before interest rates rise further, pushing more homes out of reach. At the center of this o…
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We followed the science on COVID-19. Now, as the end of the pandemic draws closer, it’s time to follow the science on working from home.
The verdict is clear: For many jobs—particularly collaborative, high skill level, high-value roles—working from home simply doesn’t work, and we shouldn’t confuse a temporary abnormal with a new normal.
The pandemic wi…
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Worry about the concentration of wealth and power achieved by monopolistic—or potentially monopolistic—entities have always been wrapped up in each respective era’s technological innovations. It is not surprising then that the focal point of today’s debate around antitrust reform is the size and scope of internet giants like Google, Facebook (Meta Platforms, Inc.), Amazo…
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As the U.S. contends with supply-chain problems that could make holiday shopping harder, one explanation comes up again and again: The country doesn’t have enough truckers. “The Biggest Kink in America’s Supply Chain: Not Enough Truckers,” a New York Times story read this week. Where Are All the Truck Drivers? Shortage Adds to Delivery Delays, cried a Wall Stree…
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Walt Disney Co. updated its film release schedule on Tuesday, delaying some major films by as long as three years.
The third installment of Avatar moves to December 2025 from an earlier date of December 2024. Two other Avatar sequels were pushed back by three years to 2029 and 2031 respectively.
Two upcoming films in Marvel’s multibillion-dollar Avengers …
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Achieving growth while cutting emissions in a company’s value chain is an ambitious target. Mars Inc. CEO Poul Weihrauch thinks he has the right strategy and he wants to help other business leaders replicate it.
A little over a year into his role, ann…
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A few weeks ago, I wrote a story about the anti-ESG movement in Texas’s foray into insurance. Soon after, I received a very thoughtful response from a declared ESG opponent taking issue with the idea that ESG metrics are relevant for insurers. The one issue: he had used the term …
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