Meta Platforms, Inc. plans to lay off about 10% of its workforce, or roughly 8,000 employees, as the social media giant looks to streamline operations and offset rising costs tied to its aggressive push into artificial intelligence. The company disclosed the

Oklo shares rose on Thursday after the company announced a partnership with Nvidia, marking its latest effort to build investor confidence as it advances toward commercial deployment of its nuclear technology. The stock gained about 6.3% to $77.02 following the announcement.

Lululemon (NASDAQ: LULU) is seeing immense pressure on Thursday after the athletic apparel retailer named Heidi O’Neill its next chief executive, set to take the helm on Sept. 8. O’Neill has been with rival Nike for about 25 years, having most

United Rentals shares surged on Thursday, leading the S&P 500, after the company reported stronger-than-expected first-quarter results and raised its full-year guidance on the back of robust demand across construction and industrial markets. The equipment rental provider posted adjusted earnings per

KPMG is cutting around 10% of its US audit partners, marking a significant step in efforts to improve productivity after years of unsuccessful attempts to encourage voluntary retirements. The move was disclosed during a meeting on Wednesday, where attendees were told

Microsoft is offering voluntary retirement buyouts to thousands of employees in the United States, marking the first programme of this scale in the company’s history as it looks to manage costs while ramping up investment in artificial intelligence. Around 7% of

Edge computing has become a central architectural consideration in modern IoT deployments, particularly as connected systems scale in complexity and data intensity. Rather than relying exclusively on centralized cloud platforms, organizations are increasingly distributing processing closer to devices to address