Cisco to Cut Over 4,000 Jobs, Redirecting Investments Towards Artificial Intelligence
Company
Earnings Typo Error Sends Lyft Stock on Wild Ride, Questions Raised
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JetBlue Shares Soar After Carl Icahn Discloses Stake
"JetBlue Airways saw its shares surge by over 15% following the revelation that corporate titan Carl Icahn had acquired a nearly 10% stake in the airline, branding it as undervalued. The disclosure of Icahn's significant investment has stirred the market, coming at a crucial juncture for JetBlue as it endeavors to navigate post-pandemic recovery and the fallout from a thwarted merger with Spirit Airlines. -
Diamondback Energy's $26B Acquisition to Create a New Global Oil Giant Valued at over $50B
"Diamondback Energy, an American shale oil and gas producer, has announced a colossal acquisition that could give birth to a new global oil behemoth.
The Latest
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Amazon Cuts 16,000 Jobs as $200 Billion AI Spending Plan Triggers 10% Stock Drop
Amazon eliminated 16,000 corporate jobs last week and days later committed to spend about $200 billion on artificial intelligence and related infrastructure, a pairing that rattled investors and sent the company's shares down more than 10% in after-hours trading. The disclosure came with fourth-quarter results that beat revenue expectations but delivered a capital-expenditure figure far above Wall Street forecasts. 
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Meta Stock Wobbles After Earnings as $135 Billion AI Capex Plan Tests Investor Tolerance
Shares of Meta Platforms fell 3.2% on Wednesday, extending a post-earnings pullback despite the company reporting strong fourth-quarter results, as investors weighed accelerating costs tied to artificial-intelligence expansion against already lofty expectations baked into the stock. 
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Elon Musk Attacks Spain’s Prime Minister as Madrid Targets Grok With New AI Liability Laws
A public clash between Elon Musk and Pedro Sánchez has escalated into a broader confrontation over artificial-intelligence regulation, after Spain announced sweeping digital-safety reforms that could expose platform executives to criminal liability and place new restrictions on AI-generated content. 
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Citigroup Plans 60,000 Job Cuts by 2026 as Automation Redefines Global Banking Work
Citigroup's plan to reduce its global workforce by roughly 60,000 employees by the end of 2026 is emerging as one of the clearest signals yet that job losses across financial services are becoming structural rather than cyclical. The cuts, confirmed by Mark Mason, would bring the bank's headcount to about 180,000 and reflect a transformation driven by automation, artificial intelligence and a narrower strategic focus, rather than an economic downturn. 
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25,000 Tech Jobs Cut in January as Amazon, Meta and Banks Signal a New Phase of Layoffs
A new wave of job cuts swept through the global technology sector in January, eliminating nearly 25,000 roles in a single month and signaling that the post-pandemic workforce reset is far from over. Data from Layoffs.fyi shows that 24,818 jobs were cut across 27 technology companies in January alone, extending a downsizing cycle that has now reached beyond startups to some of the world's most profitable corporations.
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Inside Amazon’s Layoffs: Workers Dispute AI Narrative as 30,000 Corporate Roles Disappear
Amazon's latest wave of corporate layoffs-now exceeding 30,000 roles since last autumn-has been widely framed as a consequence of artificial intelligence replacing human labor. But interviews with current and former employees, including senior figures directly involved in Amazon's AI initiatives, point to a more conventional explanation: cost cutting after years of pandemic-era expansion at Amazon. 
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Amazon’s 30,000 Layoffs Tied to Massive GPU Funding Hole as AI Spending Soars - Report
Amazon's decision to eliminate roughly 30,000 corporate jobs over late 2025 and early 2026 has reverberated across the tech sector, as analysts increasingly frame the cuts less as a triumph of automation and more as a response to the soaring cost of artificial-intelligence infrastructure. -
Amazon Starts Largest Layoffs on Record as Up to 30,000 Corporate Roles Face Elimination
Amazon began the first wave of what could become the largest layoffs in its history on Jan. 26, initiating a multimonth workforce reduction that may eliminate up to 30,000 corporate jobs across the United States. Regulatory filings show that between 1,001 and 2,500 employees in Washington state are affected in the opening phase, with additional cuts scheduled through May in California, Virginia, and New Jersey. -
Microsoft Weighs January Layoffs as Older Workers Warn of Disproportionate Impact?
Microsoft Corp. is bracing for another round of workforce reductions later this month, and internal anxiety is intensifying among employees over 40 amid claims that older workers could be disproportionately affected. While the company has not confirmed layoffs scheduled for January, internal chatter across verified employee forums points to job cuts potentially reaching into the tens of thousands, even as Microsoft continues to post strong profits and expand spending on artificial intelligence infrastructure. 
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BlackRock Buys $1.03 Billion in Bitcoin and Ethereum as Crypto Volatility Tests Institutional Conviction
BlackRock has sharply increased its exposure to digital assets, committing more than $1.027 billion to Bitcoin and Ethereum over three consecutive trading sessions, a move that underscores growing institutional conviction even as crypto markets remain volatile at the start of 2026. 
