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Cash-strapped Spirit Airlines appears closer to a shutdown after Friday came and went without a needed government bailout, leading to increased flight cancellations and putting approximately 17,000 jobs at risk. The airline has faced significant financial struggles since the COVID-19 pandemic, filing for bankruptcy twice, with concerns mounting over its impact on airline competition and budget travelers.
The Walt Disney Co. has commenced a new round of layoffs, expected to eliminate 1,000 jobs across the company, following a previous cut of 8,000 positions in 2022.
Epic Games, publisher of Fortnite, announced the layoff of 1,000 employees, approximately 20% of its workforce, to address significant financial and industry challenges.
Amazon is slashing another 16,000 corporate jobs, its second major layoff round in three months. The tech giant attributes these cuts to the planned use of generative AI and a strategic reduction of its pandemic-inflated workforce, despite strong financial performance.
Tesla lost its crown as the world's bestselling electric vehicle maker to Chinese rival BYD in 2025, with sales dropping for a second consecutive year due to customer revolt over Elon Musk's politics, expiring U.S. tax breaks, and stiff competition. Despite this, investors remain optimistic about Musk's pivot to robotaxis and AI.
Wendy's plans to close hundreds of U.S. restaurants starting in Q4 to improve profitability and modernize its brand amidst declining sales and challenges attracting lower-income consumers.
Elon Musk won a critical shareholder vote, approving a pay package that could make him the world's first trillionaire if Tesla meets ambitious performance targets over the next decade, despite recent company struggles and strong opposition.
Doug Lebda, the visionary 55-year-old CEO and founder of LendingTree, unexpectedly died in an all-terrain vehicle accident over the weekend, prompting immediate leadership changes at the online loan platform and causing a dip in its stock.
After 47 years, Jerry Greenfield leaves Ben & Jerry's, citing Unilever's stifling of the brand's social activism. A bitter dispute over the company's social mission and independence unfolds.
Oracle co-founder Larry Ellison briefly surpasses Elon Musk as the world's richest person due to a surge in Oracle's stock following a strong earnings report.
