Cisco to cut 350 jobs in latest round of layoffs
Cisco Systems Inc. will lay off 350 employees in Silicon Valley next month, in the tech giant’s latest round of job cuts. According to a filing with California’s Employment Development Department last week, Cisco CSCO, -0.59% will lay off 227 people in San Jose, and another 123 in nearby Milpitas, Calif., effective Oct. 16.
Delta joins other airlines in cutting profit estimates on higher costs
Delta Air Lines airplanes at the Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, U.S., on Tuesday, Dec. 21, 2021. Elijah Nouvelage | Bloomberg | Getty Images Delta on Thursday joined other carriers in trimming its profit estimates as costs rise. The airline said it expects to report adjusted per-share earnings of between $1.85 and […]
Delta joins other airlines in cutting profit estimates on higher costs
Delta Air Lines airplanes at the Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, U.S., on Tuesday, Dec. 21, 2021. Elijah Nouvelage | Bloomberg | Getty Images Delta on Thursday joined other carriers in trimming its profit estimates as costs rise. The airline said it expects to report adjusted per-share earnings of between $1.85 and […]
Hollywood pays steep price for not figuring out streaming
People carry signs as SAG-AFTRA members walk the picket line in solidarity with striking WGA workers outside Netflix offices in Los Angeles, July 11, 2023. Mario Tama | Getty Images News | Getty Images Picket signs have lined the gates of Hollywood’s studios for nearly five months, as the industry’s writers and actors rally for […]
Hollywood pays steep price for not figuring out streaming
People carry signs as SAG-AFTRA members walk the picket line in solidarity with striking WGA workers outside Netflix offices in Los Angeles, July 11, 2023. Mario Tama | Getty Images News | Getty Images Picket signs have lined the gates of Hollywood’s studios for nearly five months, as the industry’s writers and actors rally for […]
UAW strike sets the stage for 4-day work week — a win could take it mainstream
Striking United Auto Workers want better wages, improved job security, retiree pay increases, and a 32-hour work week that could turbocharge broader acceptance of shorter work weeks. Right now, nearly 13,000 UAW workers have walked off the job at Ford Motor Co. F, -0.08%, General Motors Co. GM, +0.86% and Jeep and Chrysler parent Stellantis […]
Disney asset sales will move media industry forward
Chief executive officer of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November 27, 2017 in New York City. Getty Images Usually when a person or company sells something, the primary motivation is getting back as much money as possible. […]
‘iPhones are depreciating devices:’ What’s a better deal — buying an iPhone 15 or investing $800 in Apple stock?
It’s an iCatch 22. Is Apple’s iPhone 15 so desirable to consumers that you’re better spending your money on the device instead of the company’s stock? Or is it such a minor upgrade on the previous version that you should hold onto your iPhone 13 or 14, and use your hard-earned cash to bet on […]
Sweetgreen sued by New York workers for alleged racial discrimination
Workers prepare apples and avocados inside a Sweetgreen Inc. restaurant. Adam Glanzman | Bloomberg | Getty Images Ten Sweetgreen employees are suing the salad chain, alleging racial discrimination at seven of its New York City restaurants. The lawsuit, filed Thursday in New York Supreme Court in the Bronx, alleges that the plaintiffs’ co-workers and managers […]
Investing in Space: Industry enters new era
On site at the 2023 edition of the World Satellite Business Week conference in Paris, France. Michael Sheetz | CNBC CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. CNBC’s Michael Sheetz reports and curates the latest news, investor updates and exclusive interviews on […]
