Facebook parent Meta on Tuesday announced that it’s planning to cut back its workforce with the reductions focused on the lowest performers, according to an internal memo sent to Meta employees. “I’ve decided to raise the bar on performance management and move out low-performers faster,” Meta CEO Mark Zuckerberg said in the memo. The news was

Southwest Airlines is looking to trim costs by halting some hiring and most summer internships. “We are limiting discretionary costs, including holding on the Southwest Rallies for this year, as we focus on reducing costs,” a Southwest spokesperson told FOX Business. “We’re also pausing most summer internship positions (honoring offers already made) and pausing all

Apple’s board of directors urged shareholders to reject a proposal that would require the company to end its diversity, equity and inclusion (DEI) programs, arguing the move would be “unnecessary.” The iPhone maker’s defense of its DEI programs comes as several major corporations are rolling back the so-called “woke” initiatives following a 2023 Supreme Court

Most major U.S. corporations still have diversity, equity and inclusion (DEI) programs, but the list of companies of late that have rolled back the so-called “woke” initiatives continues to grow. A slew of firms announced cutbacks to their DEI programs last year following activist pressure, and the trend has continued into 2025. Here is the

Crypto payments platform MoonPay has acquired blockchain payment processor Helio for $175 million, marking the start of what could be a series of strategic mergers in the digital asset space under the crypto-friendly Trump administration, FOX Business has learned. The acquisition is privately-held MoonPay’s largest to date and will expand its payments infrastructure by integrating

Stocks tumbled after a stronger-than-expected jobs report, raising new headwinds for the Federal Reserve -President-elect Trump lashed out at President Biden after an aggressive move on energy drilling  -More Fortune 500 companies are ditching DEI policies  -California wildfires exposed massive lapses in insurance and preparedness for national disasters -Inside California’s broken insurance regulation  -The IRS

The labor union representing some 45,000 U.S. dockworkers reached a tentative agreement with port employers on Wednesday, averting a strike at East and Gulf Coast ports later this month. In a joint statement, the International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) announced they reached an agreement on a six-year Master Contract, which

Atlanta, Georgia-based Chick-fil-A Inc. is cutting nearly 10,000 hours of work per day at its locations through the automation of lemon squeezing, which produces the juice used in one of the fast-food chain’s most popular drinks, according to reports. Bloomberg reported the company, which branded the slogan “Eat more chicken,” has a plant just north

Telecom giant AT&T on Wednesday announced that it will offer bill credits to customers who are affected by network outages as part of an initiative to attract customers in the wake of the industry experiencing several significant disruptions last year. In February 2024, AT&T was hit with a nationwide wireless service disruption that lasted more than

Toyota’s mobility subsidiary will invest $44.3 million into a Japanese rocket company. Interstellar Technologies (IST) is slated to receive Woven by Toyota’s multimillion-dollar investment “by the first close” of its Series F fundraising, the rocket company said Tuesday. It also announced a “business alliance” with Toyota. IST said it “aims to leverage automotive industry expertise,