Money, Wealth & Power—A Daily Look at the Financial World
Across offices, warehouses, and Zoom calls, younger workers are discovering that landing a job is only half the battle. Millennials and Gen Z are being dismissed faster and more frequently than older colleagues, often within months of starting. The pattern is not just about individual performance, it reflects a collision between fragile labor markets, shifting…
Layoff announcements at the start of 2026 have surged to levels not seen since the depths of the Great Recession, colliding with a new wave of public‑sector cuts under President Donald Trump. The result is a January that looks less like a soft landing and more like the opening chapter of a harsher jobs reset….
Mass layoffs at brand-name employers are back in the headlines, and the numbers are jarring enough to make almost anyone glance over their shoulder at work. U.S. companies have announced job cuts at a pace not seen since the aftermath of the 2008 financial crisis, with transportation, tech and health care all slashing staff. The…
U.S. employers are cutting staff at a clip not seen since the aftermath of the financial crisis, jolting a labor market that had seemed remarkably resilient. The spike in announced layoffs, concentrated in big-name companies and key industries, is colliding with a slowdown in hiring and a murkier picture of overall job creation. For workers,…
Amazon is dismantling its physical grocery experiment, shutting every Amazon Fresh and Amazon Go store and cutting thousands of jobs while spelling out what kind of severance checks workers can expect. The move marks a sharp retreat from the company’s yearslong push into bricks and mortar, and a reset that shifts attention back to Whole…
Peloton is back in crisis mode, cutting hundreds of jobs just months after betting its future on artificial intelligence–powered hardware. The company that once defined at-home fitness is now shrinking fast, trimming staff and costs as it tries to prove that an AI makeover can revive a brand built in a very different era. The…
Oracle is weighing one of the largest corporate downsizings in recent tech history, with analysts warning that up to 30,000 roles, nearly a fifth of its global staff, could be on the line as the company races to fund next generation AI infrastructure. The potential cuts would reshape a software giant that has spent decades…
Across the United States, February is opening with another wave of corporate job cuts that is hitting everyone from warehouse workers and delivery drivers to software engineers and journalists. After U.S. layoffs reached about 1.1 m positions in 2025, companies are moving into 2026 still focused on trimming costs, automating tasks, and resetting after the…
The operator behind one of North America’s best known outdoor clothing brands is preparing a sweeping restructuring that could erase its entire mall footprint. Nearly 180 stores are now in the crosshairs as the company’s retail arm moves toward bankruptcy protection and a potential shutdown of all brick and mortar locations in the United States…
Pinterest is facing a backlash from its own workforce after firing engineers who tried to bring transparency to a fresh round of job cuts. The clash over an internal layoff tracker lands at a moment when executives across the industry are invoking artificial intelligence to justify restructurings, tighten control over data, and police internal dissent….