Roku planning to lay off another 200 workers
Roku, in an SEC filing this week, says it is planning to cut another 200 workers as part of a plan to prioritize projects that will have a “higher return on investment."
AI could replace 300M jobs worldwide: Goldman Sachs report
FOX Business' Lydia Hu reports on workforce worries growing as more office tasks can be performed through artificial intelligence and automation.
Jobless claims unexpectedly climb to highest level in three weeks
The Labor Department reported on Thursday that a growing number of workers are filing for unemployment benefits, with jobless claims hitting a three-week high.
Cybersecurity: Bright spot amid tech layoffs
A shortage of cybersecurity professionals has that segment of the tech industry hiring even as companies including Amazon, Facebook's Meta Platforms, Microsoft and Twitter cut jobs.
Disney layoffs extend to streaming jobs in China: report
The first round of layoffs at Disney has reportedly included 300 job cuts in Beijing involving the company's streaming service.
Disney lays off Marvel Entertainment chairman in cost cutting move
Isaac "Ike" Perlmutter, the chairman of Marvel Entertainment, was laid off as part of Disney's cost-cutting efforts, an active attempt to save $5.5 Billion in costs.
Accountants’ salaries are rising, but it may not add up to more accountants
Accounting and auditing job salaries are rising at their quicker pace in years to accommodate national shortage of employees in the accounting industry.
Sen. Markwayne Mullin on union debate: What's wrong with employees having a choice?
Sen. Markwayne Mullin, R-Okla., discusses Starbucks' unions and labor practices after Sen. Bernie Sanders and former CEO Howard Schultz clash during a hearing.
Defense Dept., Air Force 'very late' to 'sound alarm' on China buying US farmland: Sen. Kevin Cramer
Sen. Kevin Cramer, R-N.D., discusses the Senate banking hearing, China national security concerns and energy independence on 'Mornings with Maria.'
Adam Johnson addresses the challenges faced by UBS' Credit Suisse takeover
Payne Capital Management President Ryan Payne and Bullseye American Ingenuity Fund portfolio manager Adam Johnson discuss the prospects of recession, the return of Sergio Ermotti as UBS CEO and the markets.
Alex Sanchez reacts to banking hearing: 'That's not a good enough answer, Mr. Barr'
Florida Bankers Association President and CEO Alex Sanchez rips Fed Vice Chair Michael Barr's Senate testimony and calls for 'safety and soundness' from regulators.
Amazon reportedly considering purchase of AMC Entertainment
Amazon is reportedly looking into the potential purchase of AMC Entertainment and its chain of movie theaters as a means of boosting its physical marketing presence.
Disney reportedly gives metaverse division the axe
Walt Disney Co.'s metaverse unit has reportedly been axed, according to a report published on Tuesday by the Wall Street Journal. Approximately 50 employees were affected.
If Fed didn't act on SVB insolvency, 'serious problems' would have arisen: Nellie Liang
Fox News senior congressional correspondent Chad Pergram says a final report on the Silicon Valley Bank collapse will come May 1.
Fed official testifies SVB collapse was textbook case of mismanagement
Fox News senior congressional correspondent Chad Pergram reports from Capitol Hill, where the Senate is holding its first hearing on banking failures.
San Fran Federal Reserve bank was 'asleep at the wheel' before SVB crash: Sen. Steve Daines
Sen. Steve Daines, R-Mont., provides an update after attending the first Senate hearing over recent banking failures.
Disney to begin laying off employees
Layoffs at the Walt Disney Company are reportedly commencing. Disney chief executive Bob Iger told employees in a memo that job cuts started this week.
Fed’s Barr calls Silicon Valley Bank a ‘textbook case of mismanagement’
The FDIC announced on Monday that First Citizens Bancshares Inc. is acquiring large pieces of SVB more than two weeks after the lender’s collapse caused turmoil in the banking system.
SVB collapse should've been 'extremely clear' to regulators: Michael Faulkender
Former Treasury Assistant Secretary for Economic Policy Michael Faulkender calls out federal regulators' 'arrogance' around macroeconomic factors.
Michigan becomes first state in decades to repeal 'right-to-work' law
Michigan has become the first state in decades to repeal a "right-to-work" law. Gov. Gretchen Whitmer, a Democrat, signed the legislation on Friday to praise from President Biden.