$86 billion valuation
Microsoft emerges as big winner from OpenAI turmoil with Altman on board
Microsoft emerged on Monday as the big winner of the upheaval at OpenAI, hiring ousted CEO Sam Altman and other key staff of the startup.
AI copilots
OpenAI appoints new boss as Sam Altman joins Microsoft in Silicon Valley twist
OpenAI named ex-Twitch boss Emmett Shear as interim CEO, while outgoing chief Sam Altman is set to join backer Microsoft in a surprise turn of events for the startup.
Amazon
Amazon Remote Workers: Employees Who Don’t Return To Office May Not Get Promoted
Amazon says they are not going to offer promotions to employees who do not comply with their return-to-office mandate.
2024
Starbucks employees at hundreds of US stores walkout on Red Cup day
Workers at hundreds of Starbucks stores have walked off their jobs during a key promotional event on Thursday.
Accounting
US Postal Service reports $6.5 billion net loss for 2023 fiscal year
First-class mail drops, stamp prices rise, and a restructuring plan aims to counter losses.
automakers
Ford lays off another 150 workers citing UAW strike
Ford said it is laying off another 150 workers in Michigan because of the ongoing United Auto Workers strike.
agreement
Healthcare Workers Reach Tentative Deal With Kaiser Permanente After Largest Healthcare Strike in U.S.
With the ongoing workers strike Kaiser Permanente has finally come to a tentative deal with the coalition of unions that represent over 75,000 employees.
behind the scenes
Jimmy Fallon Apologizes To Staffers Following Report Of Toxic Workplace Behavior
Late night talk show host Jimmy Fallon apologized to Tonight Show employees on Thursday, regarding a recent Rolling Stone report about Fallon creating a “toxic work environment.”
CEO
CNN CEO Chris Licht calls employee meeting to apologize to staff after Atlantic article surfaces
During the Cable News Network’s 9 a.m. ET call, anxious CNN CEO Chris Licht apologized to the newsroom’s staff regarding the recently surfaced Atlantic article in which CNN was painted in a bad light, according to insider sources familiar with the situation.