BUSINESS

Just this month, more than 20,000 tech employees lost their jobs – most of them were from Amazon and Meta.

The new incoming CEO Laxman Narasimhan has assumed the role two weeks ahead of the earlier plan.

With tax season in high gear as millions of Americans navigate the complexities of the tax code, one segment of the population is often overlooked for the unique challenges they face when filing their tax returns. American expats living across the globe whether it be for work, pleasure or family obligations, contend with the same tax requirements as their fellow citizens living stateside except in some cases they often have to file additional paperwork as well as a more costly filing process.

The parent company of the lender SVB Financial Group had on Friday filed for a reorganization under Chapter 11 bankruptcy protection.

The latest slashing focuses on Amazon's highly-profitable cloud and advertising divisions.

FTX has been at odds with Bahamian officials ever since filing for bankruptcy protection on Nov. 11.

The job cuts are said to be part of Amazon's efforts to streamline its operations and cut costs.

The company has been planning to separate its auditing and consulting businesses, though reports this month suggested the move is likely to be paused.

Bill Gates shares the wisest words he's received from his friend of three decades and it doesn't talk about business or money.

Shares of First Republic Bank slumped 13.1% on Monday, after a report the regional bank could raise more money fanned worries about its liquidity despite a $30 billion rescue last week.

As the tech industry continues to be plagued with massive layoffs amid economic uncertainty, Apple is pulling all the strings to keep its workforce intact.

While some retailers are raising egg prices for consumers to adjust higher costs, Dollar Tree does not have enough flexibility to do so.

Bitcoin investors are now bullish, especially as former Coinbase Chief Technology Officer Balaji Srinivasan predicted that the impending global banking crisis could take the world's largest crypto asset to $1 million in less than 90 days.

Flagstar Bank, a New York Community Bancorp subsidiary, has agreed to assume deposits and certain loan portfolios of Signature Bridge Bank.

Switzerland's finance minister said the deal could likely lead to thousands of job cuts for Credit Suisse, as the embattled bank and UBS offer similar services.

The Federal Deposit Insurance Corporation (FDIC) said the deal would see the subsidiary, Flagstar Bank, assume substantially all of Signature Bank's deposits, some of its loan portfolios and all 40 of its former branches.

The affected products were sold at retailers across the U.S.

UBS Group AG is seeking government guarantees of about $6 billion for a potential takeover of Credit Suisse Group AG, a person with knowledge of the discussions told Reuters on Saturday.

The Federal Reserve has raised rates eight times since last year in the face of decades-high inflation as it looks to cool the economy without tipping it into a recession.

HR and payment software startup Rippling said on Friday it has raised $500 million in a new funding round initially intended to help customers make payroll in the immediate aftermath of Silicon Valley Bank's collapse.

In a letter filed on Friday night in Manhattan federal court, Bankman-Fried's lawyer Christian Everdell said both sides believed they were "close to a resolution", and expect to formally propose new restrictions by next week.

The Dow Jones fell nearly 400 points Friday to end a tumultuous week on Wall Street.

The 8-year-old daughter of Russian oligarch Vladimir Gruzdev became the owner of the posh London apartment a few days before the Russia-Ukraine war began.

In January, Amgen laid off about 300 employees as part of organizational changes, which "mainly" impacted the U.S.-based commercial team.

"This action is necessary due to a fall in business demand, which prompted a restructuring of operations with a focus on reducing business costs," the company said in a statement.

Maintaining he was wrongfully terminated, the employee is seeking lost wages, benefits, stock options and compensation for emotional distress.

The monthly subscription cost has been hiked by around 12.3%.

Ford was aware of an accident from the brake hose failure but no injuries were reported.

Artificial intelligence (AI) companies now strive to innovate technologies that can interpret human language.