Tag Archives: workers and professionals

[ad_1] CNN Business  —  Ramesh “Sunny” Balwani, the former chief operating officer of failed blood testing startup Theranos, was sentenced Wednesday to nearly 13 years in prison for fraud. It marks an end to the stunning downfall of a high-flying Silicon Valley company that resulted in the rare convictions of two tech executives. “There …

[ad_1] New York CNN Business  —  BuzzFeed on Tuesday said it would lay off approximately 12% of its staff, making the digital news and entertainment conglomerate the latest media company to make painful cuts amid a deteriorating economic climate. In a note to impacted employees, Jonah Peretti, the company’s founder …

[ad_1] London CNN Business  —  The CEO of Barclays said Monday that he has been diagnosed with cancer. C.S. Venkatakrishnan, who is known as Venkat at the bank, said in a note to colleagues that he will begin undergoing treatment for Non-Hodgkin lymphoma at Memorial Sloan Kettering Cancer Center in …

[ad_1] New York CNN Business  —  Another employee exodus appears to be underway at Twitter as many workers rejected Elon Musk’s ultimatum to work “extremely hardcore,” choosing instead to depart the company, according to multiple current and former employees. As the deadline approached for Twitter employees to respond to Elon …

[ad_1] Disney (DIS) is planning to freeze hiring and cut some jobs as it strives to move the Disney (DIS)+ streaming service to profitability against a backdrop of economic uncertainty, according to a memo seen by Reuters on Friday. Chief Executive Bob Chapek sent the memo to Disney’s leaders, saying …

[ad_1] CNN  —  A man made a run to Walmart in Rocky Mount, North Carolina, and came home $100,000 richer. Michael Buck told North Carolina Education Lottery officials that a store employee convinced him to buy a ticket for the record $2.04 billion Powerball drawing. “The girl at the pharmacy …

[ad_1] CNN  —  CNN Opinion contributors share their thoughts on the outcome of the 2022 midterm elections. The views expressed in this commentary are their own. Florida Gov. Ron DeSantis sent a clear message to every Republican voter Tuesday night: My way is the path to a national majority, and …

[ad_1] New York CNN  —  Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a larger chunk of its soaring profits to shareholders. At its investor day meeting in New York Wednesday, Phillips 66 detailed …

[ad_1] New York CNN Business  —  Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history. The job cuts come as Meta confronts a range of challenges to its core business and makes an uncertain and …

[ad_1] CNN Business  —  For years, Twitter has been a leader in countering misinformation and protecting elections. It was often ahead of its peers in creating and enforcing new policies, and it was the first major platform to ban former President Donald Trump after the Capitol insurrection, pushing others to …