Corporate News
Mergers, acquisitions, earnings surprises, CEO moves, bankruptcies, layoffs, and major business developments that affect markets and jobs.
Latest in Corporate News
Capital One Performance Savings still pays 4.10% APY, while online-only competitors hover around 4.20% — the CFPB’s new open-banking rule lets you switch in minutes for free
As of June 2026, Capital One’s Performance Savings account is advertising a 4.10% annual percentage yield. That is a strong rate by historical standards, but...
Meta starts laying off 8,000 workers Wednesday — the same quarter the company posted $26.8 billion in net profit and pledged $135 billion on AI
About 8,000 Meta Platforms employees began receiving termination notices on Wednesday morning, a cut that erases roughly 10 percent of the company’s workforce. The layoffs...
Block just laid off 40% of its workforce — 4,000 jobs at Cash App and Square as fintech faces its steepest contraction in three years
Four thousand people at Block, Inc. learned in late February 2026 that their jobs were being eliminated, a cut so deep it erased roughly 40...
Meta starts laying off 8,000 workers Wednesday — the same week the company is spending more on AI than the GDP of 130 countries
Starting Wednesday, roughly 8,000 Meta employees will begin receiving notifications that their jobs no longer exist, according to the Associated Press. The cuts represent about...
Cisco cut 4,000 workers on the same day it posted record revenue of $15.84 billion — and doubled its AI orders to $9 billion
On May 13, 2026, Cisco Systems did two things simultaneously: it reported the strongest quarter in its 42-year history, and it told nearly 4,000 employees...
PayPal is slashing 20% of its workforce — 4,760 jobs because the new CEO says the company “lost ground to rivals”
PayPal plans to eliminate roughly 4,760 jobs over the next two to three years, a reduction of about 20% of its workforce, as CEO Alex...
Meta is cutting 8,000 workers on May 20 — while spending $135 billion on AI this year, more than the GDP of 130 countries
On May 20, 2026, Meta Platforms is expected to cut roughly 8,000 jobs, according to multiple news reports. The same company plans to pour up...
Upwork cut a quarter of its workforce and said AI means it “moves faster with smaller teams” — the stock dropped 19% and its AI-related revenue rose 40%
Upwork told roughly 300 employees in early May 2026 that their jobs were gone, and the company did not soften the reason: artificial intelligence had...
PayPal is cutting 4,760 jobs — 20% of its workforce — because its new CEO says the company “lost ground to rivals” and needs to become a “technology company again”
PayPal is eliminating roughly 4,760 jobs, about 20% of its workforce, in the deepest round of cuts the payments company has ever undertaken. CEO Alex...
Cloudflare cut 1,100 workers — 20% of its workforce — while posting record revenue, because AI usage inside the company surged 600% in three months
On May 7, 2026, Cloudflare told roughly 1,100 employees their jobs were being eliminated. The same day, the company filed first-quarter earnings with the SEC...
AMD’s data center revenue jumped 57% to $5.8 billion — and Disney posted its strongest streaming quarter ever under its new CEO
AMD just reported $5.8 billion in data center revenue for the quarter ended March 28, 2026, a 57% leap from the year-ago period, according to...
Coinbase cut 700 employees and replaced managers with “player-coaches” — its CEO says mass AI layoffs are coming to “every company”
On May 5, 2026, Coinbase told roughly 700 employees their jobs were gone. The crypto exchange cut about 14% of its workforce, gutted layers of...
Apple just posted $111 billion in revenue — a record — and authorized a $100 billion buyback in what was effectively Tim Cook’s last earnings call as CEO
Tim Cook’s last earnings call as Apple’s CEO ended the way he probably would have scripted it: with the biggest fiscal second quarter in the...
Amazon’s AWS revenue grew 28% — its fastest in 15 quarters — with AI run rate topping $15 billion
Published May 2026 For the better part of two years, the knock on Amazon Web Services was that the cloud giant’s best growth days were...
Rivian paid CEO RJ Scaringe $403M in 2025 despite losses
RJ Scaringe founded Rivian Automotive more than a decade ago on a bet that electric trucks and SUVs could compete with the biggest names in...
Southwest extends flight schedule and joins IATA schedule data program
Southwest Airlines quietly did two things in late April 2026 that, taken together, signal the carrier is rethinking how the rest of the travel industry...
Amazon to shutter Homestead, FL, warehouse for 2 years; 600+ affected
More than 600 workers at an Amazon warehouse in Homestead, Florida, will be out of a job when the facility shuts down on July 2,...
JPMorgan adds 400 Charlotte jobs with new 145,000-sq.-ft. SouthPark office
JPMorgan Chase is planting another flag in Charlotte. The nation’s largest bank by assets has leased 145,000 square feet of office space in SouthPark, a...
Ford builds record U.S. volume but still posts an $8.2B loss
Ford Motor Co. delivered more vehicles to American buyers in 2025 than in any year in the company’s 122-year history. It also lost $8.2 billion....
Tesla beat Q1 estimates but stock fell 3.6% after Musk revealed a $25 billion capex plan for AI and robotics — triple last year’s spending
Tesla’s first-quarter results cleared Wall Street’s bar, but the stock still dropped 3.6 percent on April 23, 2026, after Elon Musk told investors the company...