Starbucks will lay off 1,100 corporate employees and will not fill several hundred other open positions, the coffee chain’s CEO Brian Niccol said Monday. The cuts will not affect workers at the company’s cafes. In a message to corporate employees, Niccol said Starbucks is “simplifying our structure, removing layers and duplication and…
An “embarrassment of riches” at the box office could fuel a $1.2 billion year for IMAX, CEO Rich Gelfond told…
Toy and gaming giant Hasbro took an optimistic tone Thursday on the potential effect of Chinese tariffs on its business, as…
Cameo wants workers back in the office more often, and it’s paying them each $10,000 to show up. Starting…
Executives at Meta stand to get bigger bonuses this year. The company said in a corporate filing Thursday that it had approved “an…
Amazon has dethroned Walmart in quarterly revenue for the first time ever. Amazon said earlier this month that it brought in $187.8 billion in…
The largest U.S.-based cryptocurrency exchange said Friday that the Securities and Exchange Commission would drop its lawsuit against it,…
Microsoft on Wednesday announced Majorana 1, its first quantum computing chip. The achievement comes after the company has spent nearly…
JetBlue Airways is talking with “multiple airlines” about a potential new partnership after federal judges struck down two previous deals,…