Apple said that CEO Tim Cook will resign on September 1, 2026, and will take on the role of executive chairman of the board. According to a statement from the company, John Ternus, senior vice president of Hardware Engineering, has been named as his successor. Apple stated that the change received...

According to Reuters, citing three sources, Meta aims to execute the initial phase of its mass layoffs scheduled for this year on May 20. As per one source, the job cuts are expected to affect roughly 10% of its staff, equating to around 8,000 workers. The sources indicated that the company...

Average bonuses at Wall Street firms rose by 6% in 2025 to reach $246,900, as stated by New York State Comptroller Thomas DiNapoli. This marks a new record high since the index was created in 1987. The regulator stated that the total bonus pool for the banks reached a new high for the second...

Microsoft is starting a new project to build AI infrastructure in the US, with a focus on helping the public. They promise to cover the costs of the energy systems needed for their data centers, as mentioned in their blog post. The Community-First AI Infrastructure project has several goals,...

Nvidia Corp., a company that makes graphics chips, has ranked first in a list of U.S. companies with the highest quality of management, according to a report from the Drucker Institute at Claremont Graduate University, published in The Wall Street Journal. The other positions in the top five were...

HSBC, Europe's largest bank, has ended its renowned International Manager executive development program, which has been in place since the bank's founding over 160 years ago, according to a report by the Financial Times. The recruitment process for the program, which was designed to cultivate the...

Visa Inc., which operates the largest payment network in the United States, has officially decided to move its European headquarters to the Canary Wharf business area in London. In a statement released by the company, it was announced that Visa has rented 300,000 square feet (27,900 square meters)...

Amazon.com Inc. intends to cut jobs for around 14,000 corporate staff as part of a plan to save costs, as stated by Beth Galetti, the company's senior vice president. In a corporate blog post, Galetti explained, "The layoffs we are announcing today are part of our continued effort to reduce...

At a general meeting, the shareholders of French holding company Kering SA endorsed the selection of Luca de Meo as CEO, as stated in a press release. It states that “this appointment represents the division of the roles of board chairman and chief executive officer.” De Meo will assume the role...