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The Latest Breaking News from Fortune

Over 150,000 people have been let go so far this year. Are layoffs a confession of bad management?

If 2023 is “the year of efficiency,” what were the CEOs of Meta, Amazon, and others doing in all those previous years?

Fortune

Salesforce and Meta layoffs show good severance packages won't soften the blow

“Just be honest with us.” Layoffs are sometimes inevitable, but workers say transparency and compassion go a long way to softening the blow.

Fortune

I am a Starbucks barista who doesn’t qualify for all the wonderful benefits you keep hearing about. We want the ‘different kind of company’ that Howard Schultz promised but failed to deliver

'The benefits are great on paper, but often don’t exist in reality due to inconsistent scheduling.'

Fortune

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Fortune's list of the Most Innovative Companies in America features a finance standout in the top 10

Richard Fairbank founded Capital One with the idea that a technology-based strategy builds a better financial services business.

Fortune

Top economists think the Fed will raise rates just once more before they're done

Economists have had their say on what the Fed will do later this spring –and when rates may finally begin to fall.

Fortune

'Axie Infinity' developer Sky Mavis launches next act: Studio partnerships and an update to its Ronin blockchain

After a $600 million hack in 2022, the play-to-earn gaming giant is starting a new chapter.

Fortune

Tech giants are cutting back on AI ethics research as Elon Musk calls for a cautious approach

Technologists are calling for a more cautious approach to AI, but some companies are still pushing forward at all costs.

Fortune

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The banking crisis was ‘not a systemic event,’ it only affected ‘dumb and greedy institutions,’ according to famed short seller Jim Chanos

Chanos pinned the blame for SVB's collapse on the bank's leadership, while arguing the bank's issues aren't widespread. But that doesn't mean stocks are safe, he warned.

Fortune

America’s $52 billion bet on the chips race can’t succeed without small-business innovation

Biden's CHIPS Act doesn't stipulate a role for SMBs–and their innovations are dying or getting scooped up by countries like China.

Fortune

The 5 most dreaded job interview questions—and how to answer them

Hearing the words "tell me about yourself" in a job interview might be a nightmare scenario for some jobseekers—but experts say it needn't be.

Fortune

How to protect your home–and your wallet–against natural disasters

Earthquakes, tornados, floods, and fires: Often, the less obvious risks cause the most damage to our homes.

Fortune

White men are still dominating the networking game

Workers of color and women have made inroads in networking, but gaps still persist.

Fortune

Adidas backtracks after fighting against Black Lives Matter’s merch designs

The sportswear giant U-turned 48 hours after asking officials not to approve the activist group’s trademark application.

Fortune

'I can't just be on the sidelines': Gen Z founders raised over $2 million to grow music therapy platform and tackle the youth mental health crisis

Music can help promote relaxation and improve focus by allowing the brain to pivot attention to the frequency of the beats.

Fortune

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We asked Google's A.I. chatbot 'Bard' basic SAT questions and it would flunk a real exam

Unfortunately for Google, it looks like Bard won't be making it to Harvard just yet.

Fortune

Professor behind EigenLabs gets $50 million funding, promises to upgrade Ethereum network

The firm says that its flagship product, EigenLayer, will make Ethereum more “programmable” and “flexible.”

Fortune

With techno-nationalism on the rise, the world needs a peaceful NATO for science and technology

The U.S. should lead a coalition of nations and global talent for innovation that is open, democratically governed, and equitable.

Fortune

How a TikTok ban would impact businesses

With over 1 billion monthly active users on TikTok, concerned CEOs and small business owners tell Fortune how their reach and revenue would be hit by a ban.

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Fortune

Homes are less affordable than at any time since 2008

According to the Federal Reserve Bank of Atlanta, the pandemic has coincided with a historic deterioration in housing affordability.

Fortune

As another Fed official rips the 'textbook case of mismanagement' at SVB, he's also turning the mirror on his own failures

The Fed's vice chair for supervision, Michael S. Barr, says he is “committed” to finding “any supervisory or regulatory failings” that led to SVB's collapse.

Fortune

A recession in 2023 is now inevitable. Layoffs in tech and finance will spread to other sectors

Don't let a seemingly strong jobs market fool you–the data today is reminiscent of the early days of past recessions, according to Murray Sabrin.

Fortune

SVB staff claim they got up to 50% of their salaries in company equity —now some may have lost millions in its collapse

Staff had to be reminded to eat as they worked tirelessly to support their clients, an SVB employee has said.

Fortune

Delta passenger arrested for opening plane door then escaping down inflatable slide as plane prepared for takeoff

The airline said the flight to Seattle was interrupted by an “unruly passenger.”

Fortune

Elon Musk is hunting down a leaker who posted classified codes online

Executives at Twitter leading the hunt for the perpetrator fear the leak could bring down the entire platform.

Fortune

High rates, investor-friendly deals, and bad news for regional hubs: What the end of the bull run means for venture capitalists and entrepreneurs

Several regional markets were on the rise prior to the market slowdown–things will change, says EY's U.S. venture capital leader Jeffrey Grabow.

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