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The Latest Breaking News from Business Insider

Microsoft layoffs: Here's the severance package employees are getting after latest job cuts

Microsoft offers up to 39 weeks of pay and continued benefits to laid-off workers. This generous package includes stock vesting and health insurance coverage for employees. The company is restructuring its workforce while investing heavily in artificial intelligence infrastructure. These layoffs primarily impact the sales and Xbox divisions of the…

The Economic Times

Teen bought a Lakers jacket for $3 at a Goodwill. Then he learned it was worth a whole lot more

A teenage thrift shopper found an item that he says could set him up for an early retirement

The Independent UK

Data centers reportedly targeted by cargo thieves, with over $1 million worth of copper and equipment found in two trucks in Chicago

It seems almost everyone is making a lot of money from the AI boom.

PC Gamer

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Microsoft Plans Another Round Of Layoffs Just Months After Axing Thousands Of Jobs

Microsoft is reportedly planning another round of layoffs, affecting less than 2.5% of its workforce, as it continues to invest heavily in artificial intelligence infrastructure.

International Business Times UK

Microsoft expected to lay off thousands in what has become an annual July restructuring

Thousands of Microsoft employees face job cuts next week as the company initiates another round of July layoffs. The reported restructuring will eliminate up to 2.5% of the workforce, primarily targeting roles within sales, consulting, and Xbox.

Windows Central

Microsoft to cut under 2.5% of workforce in latest layoffs: report

U.S. companies ‌have continued ⁠to trim ⁠headcount in recent months, with a fresh wave of layoffs across the technology, media and finance sectors as firms rein in costs, while investing heavily in AI infrastructure.

The Economic Times

Axel Springer to complete £575m Telegraph takeover

The Politico and Business Insider owner said it will close the acquisition of the Telegraph Media Group on Tuesday.

Evening Standard

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Target is starting to track employees’ unexcused lateness and absences with a points system—and if they rack up 12, they’re fired

Target staffers who clock in late and skip work enough to rack up 12 points will be shown the door. It’s just one way companies are tightening their grip on in-person attendance.

Fortune

The CEO behind Grand Theft Auto VI doesn’t play video games, but is staking $1.5 billion on the biggest game launch of the decade

“I don’t think being consumer-in-chief really helps a CEO be effective in this business,” said Take-Two Interactive Software CEO Strauss Zelnick.

Fortune

GameStop CEO Ryan Cohen Withdraws $35 Billion Pay Package as He Intensifies Push for eBay Acquisition

GameStop Chief Executive Ryan Cohen has withdrawn a proposed performance-based compensation package that could have been worth more than $35 billion, saying he wants management focused on the retailer's operations and its efforts to acquire eBay.

International Business Times

"I still haven't paid myself a single dollar": Ex-Google, Microsoft techie quit Rs 4.2 crore job, now runs Rs 21.7 crore halal BBQ business in Texas

A former Google and Microsoft engineer, earning ₹4.2 crore annually, traded his lucrative tech career for a Texas barbecue restaurant. Despite the business now generating ₹21.7 crore yearly and projected to hit ₹37.8 crore, he hasn't paid himself, surviving on savings while working 80-hour weeks. His journey highlights the demanding…

The Economic Times

Meta pauses mandatory AI training program that tracked employee keystrokes after internal data leak exposed sensitive staff information company-wide — employees express frustration over poor handling of data

Meta has paused an internal AI training program after employee conversations, keystrokes, transcripts, and performance-related data were reportedly exposed across the company.

Tom’s Hardware

Check your drawers and couch: Bed Bath & Beyond ‘zombie coupons’ $100,000 sweepstake for one lucky winner

The home goods brand that once had a cult following hopes to bring devotees back to its physical stores

The Independent UK

Meta CTO Admits Mark Zuckerberg Has Completely Crushed Employee Spirits

Mark Zuckerberg's AI overhaul has left Meta morale badly shaken, with the company's CTO admitting spirits are among the lowest they have been in years.

International Business Times UK

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Barchart

Dear Walmart Stock Fans, Mark Your Calendars for June 22

Walmart Deals returns June 22 through June 28 with thousands of offers on electronics, fashion, toys, and more. Here is what shoppers need to know.

Barchart

Is Cocoa Heading Back to Pre-2024 Prices?

After exploding to a record high in late 2024, cocoa prices have plunged. Cocoa moved above its previous record high in February 2024 and continued higher, rising to over two and a half times the 1977 peak. The bearish price action has continued in 2026, with cocoa prices now heading…

Windows Central

Rampant AI‑driven GitHub outages force Microsoft into an unlikely alliance — Amazon steps in to keep code in line

Microsoft turned to Amazon for extra cloud power after GitHub’s AI surge caused outages.

International Business Times UK

77-Year-Old Bought Gold for Scammers — Twice. Lost $390,000: 'I Was Hoping It Was a Bad Dream'

A New Jersey retiree lost $390,000 in a sophisticated scam involving fake emails, deposits, and gold purchases. Learn about the fraud and warning signs of retirement scams.

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The Economic Times

Salesforce layoffs: Employees from Agentforce AI, Mulesoft IT teams handed pink slips

The enterprise software company has undertaken a fresh round of layoffs, affecting employees working on its Agentforce AI product, Mulesoft IT integration tool, and Marketing Cloud software, according to Business Insider.

The Times of India

'India feels more vibrant than US': NRI woman on Green Card queue says choosing Bengaluru over San Francisco was the right decision

38-year-old Astha Chaturvedi, a startup founder, moved to Bengaluru along with her family, including a kid and a pet, leaving behind San Francisco and now she feels she did the right thing. In an interview with Business Insider, Chaturvedi said the decision to return to India was made all of…

The Economic Times

H-1B filings rise at OpenAI, Anthropic and Nvidia as companies expand overseas recruitment

AI firms OpenAI, Anthropic, and Nvidia are boosting H-1B visa applications. This comes as they compete for specialized talent. Other major tech companies like Meta, Microsoft, Amazon, and Google are reducing their visa filings. New H-1B rules favor higher-paid applicants. A court blocked a proposed fee on overseas applicants.

The Economic Times

She couldn’t pay her hotel bill: Meet Maja Chwalińska, the qualifier who battled depression and financial struggles to reach the French Open final

Maja Chwalińska story: Polish qualifier Maja Chwalińska has achieved a historic feat at the 2026 French Open, reaching the women's singles final despite starting outside the top 100. Her remarkable journey, marked by financial struggles and a past battle with depression, culminates in a Grand Slam final appearance, a first…

Fortune

A CEO denied raises to spend money on AI instead. Companies have 'no idea what they're going to need in a workforce' when the AI race is over.

Companies may be cutting raises and benefits to create attrition, one expert says.

The Economic Times

Google Cloud layoffs: Threat intelligence team, Mandiant employees among those affected

Google Cloud has recently implemented job cuts, impacting teams including employees in Mandiant and its Threat Intelligence Group. These layoffs are reportedly aimed at reallocating resources towards growth areas, particularly artificial intelligence. This move aligns with a broader tech industry trend of significant investment in AI and subsequent layoffs to…

International Business Times

Kevin O'Leary Pushes Back Against Calls To Shrink Massive Utah AI Data Center Project

Kevin O'Leary is pushing back against calls to dramatically reduce the size of a proposed artificial intelligence data center campus in northern Utah.

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