The recent wave of white-collar layoffs may have employees and job seekers rattled, but according to New York University Stern School of Business professor Robert Seamans, his current class of MBA students isn’t worried. “I don’t get a huge sense that they’re dreading the job market or that they think there are going to be […]
High school, college students are excited about AI, not dreading jobs impact Read More »
Nikolas Kokovlis | Nurphoto | Getty Images Pinterest shares tanked as much as 15% on Tuesday after the company reported third-quarter financial results that missed on earnings per share and provided weak guidance. Here’s how the company did, compared to analysts’ consensus estimates from LSEG: Earnings per share: 38 cents adjusted vs. 42 cents expected
Pinterest shares plummet 15% on earnings miss, weak forecast Read More »
Arvind Krishna, CEO of IBM, arrives for the Inaugural AI Insight Forum in Russell Building on Capitol Hill, on Wednesday, September 13, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images IBM said Tuesday that it will lay off a small percentage of its employees in the current quarter. “In the fourth quarter we
IBM cutting thousands of jobs in the fourth quarter Read More »
Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, August 11, 2023. Eduardo Munoz | Reuters The judges in a federal appeals court in New York on Tuesday
Appeals court dubious of FTX founder Bankman-Fried’s conviction challenge Read More »
Kyle Clark, Founder & CEO of Beta Technologies rings the Opening Bell at the New York Stock Exchange on Nov. 4, 2025. NYSE Beta Technologies, an electric aircraft company, debuted on the New York Stock Exchange on Tuesday at $34 a share. On Monday, the company priced shares in its IPO at $34 each, above
Amazon-backed eVTOL company Beta Technologies debuts at $34 on NYSE Read More »
Thomas Fuller | Lightrocket | Getty Images Spotify on Tuesday reported strong third-quarter results that topped Wall Street expectations and saw total revenue climb 12% year over year, but issued weak guidance for revenue and subscribers for the current quarter. Shares of Spotify fell 2% on Tuesday. Here’s what Spotify reported compared with LSEG estimates:
Spotify tops third-quarter estimates on strong user growth, issues mixed guidance Read More »
Scale AI CFO Dennis Cinelli. Courtesy of Scale AI. After Meta shocked the tech world in June by announcing plans to invest $14.3 billion in Scale AI, primarily as a way to hire the startup’s founder, Alexandr Wang, and a handful of his employees, the future of Scale was immediately thrown in doubt. OpenAI soon
Palantir CEO Alex Karp ranted against short-sellers, calling out specifically Michael Burry after a filing revealed the investor of “The Big Short” fame had bets against the AI software company, as well as Nvidia, at the end of the last quarter. “The two companies he’s shorting are the ones making all the money, which is
Representation of Bitcoin cryptocurrency in this illustration taken Sept. 10, 2025. Dado Ruvic | Reuters Bitcoin fell victim to a risk-off mood Tuesday with investors dumping the cryptocurrency as they grew increasingly concerned about the sustainability of AI stock values. Bitcoin was last trading at $103,952, down 2.5% on the day and around 6% in
Corporate America is getting rocked by historic rounds of white-collar layoffs, leading some to wonder: Has AI finally come for their jobs? While the proliferation of generative and agentic artificial intelligence is playing a role, recent job cut announcements from companies like Amazon, UPS and Target are about a lot more than just the advance
Behind the wave of white-collar layoffs: Old-school cost cutting, tariffs and, yes, AI Read More »
