Meta to cut 10% workforce as AI spending surge drives overhaul
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 stock jumps as Nvidia AI deal fuels nuclear energy push
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 stock: why markets seem to dislike its new CEO
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 stock soars 23% as earnings beat lifts outlook
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 cuts US audit partners by 10% in push to boost productivity
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 offers buyouts to 7% US staff amid AI spending surge
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 for IoT: Architecture, Use Cases, Benefits and Deployment Strategies
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