Microsoft layoffs: A timeline of job cuts throughout the software giant’s history
Microsoft has implemented a number of large rounds of layoffs over the last 20 years. A company doesn’t reach the half-century mark without a few rounds of layoffs now and then. Microsoft, founded in 1975, is gigantic in terms of revenues and employees and has been known to fire huge numbers of workers en masse…
Here’s what Big Pharma could buy in 2025, from obesity drugs to precision cancer treatments, according to a top M&A banker
Chris Roop, head of M&A for the Americas at investment bank Jefferies, said Big Pharma will be looking for new drugs to boost growth in 2025. Big Pharma will hunt for more acquisitions in 2025 as industry giants face patent expiration for some of their best-selling drugs, according to a top M&A banker. Merck’s cancer…
Apple discounts new iPhones in China amid increasing smartphone competition
Apple faces competition in its Greater China region. Amid increased competition in the smartphone market, Apple is offering customers in China a rare discount on its latest phones ahead of the Chinese New Year. iPhone 16 Pro models will cost 500 Chinese yuan, or about $70, less, while regular iPhone 16 models will be discounted…
Tesla could see 40% of its profits evaporate when Trump takes office, JPMorgan says
Elon Musk threw his support behind Donald Trump’s reelection campaign. Tesla is poised for a tough year under the second Trump administration, despite CEO Elon Musk’s friendship with the president-elect. Following disappointing fourth-quarter sales results and a 6% dip in Tesla shares on Thursday, JPMorgan said more trouble could be ahead. The bank’s analysts estimated…
A top TikTok advertising exec is leaving. Read the memo announcing his departure.
The TikTok advertising sales exec Sameer Singh is leaving the company, an internal memo shared with the sales team on Friday said. Singh, whose last day at TikTok is set for the end of February, served as a general manager for global business solutions in North America, overseeing its ads business in the region. TikTok’s…
Bill Gates, Amazon’s CTO, and other tech leaders share their predictions for 2025
Bill Gates’s longtime 2025 prediction could play out this year. Talks of artificial intelligence dominated 2024, and tech leaders predict that the next stage of the new AI era will come in 2025 — for better or for worse. Their mixed predictions indicate that the outlook for AI in 2025 is still uncertain. Still, many…
In a first, the US fines an airline for flight delays. Customers could get a cut.
The US Department of Transportation fined JetBlue over chronically delayed flights. The Department of Transportation said on Friday that it was fining JetBlue Airways $2 million for operating chronically delayed flights. It said the first-of-its-kind penalty followed an investigation that found that JetBlue promised its customers unrealistic schedules that didn’t reflect actual flight departure and…
As Tesla flags, its hungry Chinese rivals are having a great week
Tesla is still the world’s largest electric vehicle maker, though it continues to face intense competition from its Chinese counterparts. Chinese auto companies like BYD are giving Tesla a run for its money this week. On Thursday, Tesla announced that it had delivered 1.79 million vehicles last year, a 1% drop from the 1.81 million…
What it’s like to work as an Emirates Boeing 777 pilot, from free flights to tax-free pay starting at $7,000 a month
Pilots from the US can be hired to fly overseas for Emirates. The airline offers unique perks like free housing and transportation to work. It can be difficult for US airline pilots to jump into a foreign flight deck, but Emirates has programs to entice potential hires to make the leap. Flying for the UAE-based…
