Pinterest shares cratered more than 20% on Friday, after the company cited tariff-related shocks in disappointing fourth-quarter earnings. The social media company’s Q4 earnings came in below analysts’ expectations, with revenue of $1.32 billion compared with LSEG consensus estimates of $1.33 billion. Net income for the quarter plunged 85% to $277 million from $1.85 billion…
Guests shop Target Black Friday Deals and Taylor Swift Exclusive Products on November 29, 2024 in Jersey City, New Jersey. Dave Kotinsky | Getty Images Target said Monday that it’s stepping up store staffing, but eliminating about 500 jobs in distribution centers and regional offices as it tries to win back shoppers who have complained…
A worker drives a United Parcel Service (UPS) truck on Oct. 28, 2025 in Los Angeles, California. Mario Tama | Getty Images United Parcel Service on Tuesday announced that it was planning to eliminate an additional 30,000 jobs this year as part of winding down its partnership with Amazon and a multi-year turnaround plan. CFO…
Around 80% of workers feel unprepared for the job hunt in 2026, new LinkedIn research finds. Filadendron | E+ | Getty Images Artificial intelligence could be something of a game changer for recruiters as firms continue to be inundated with job applications, according to one LinkedIn executive. Janine Chamberlin, LinkedIn’s U.K. country manager, told CNBC…
Sad female worker carrying her belongings while leaving the office after being fired Isbjorn | Istock | Getty Images Layoffs have been a defining feature of the job market in 2025, with several major companies announcing thousands of job cuts driven by artificial intelligence. In fact, AI was responsible for almost 55,000 layoffs in the…
People walk on the campus of Massachusetts Institute of Technology in Cambridge, Massachusetts, April 15, 2025. Joseph Prezioso | AFP | Getty Images Massachusetts Institute of Technology on Wednesday released a study that found that artificial intelligence can already replace 11.7% of the U.S. labor market, or as much as $1.2 trillion in wages across…
In the U.S., postings for entry-level jobs have declined about 35% since January 2023, per data from labor research firm Revelio Labs. Cemile Bingol | Digitalvision Vectors | Getty Images As more companies brazenly declare AI-driven layoffs in 2025, the first jobs on the chopping block appear to be junior positions and entry-level jobs. Graduate…
Artificial intelligence is changing the way human resources leaders envision roles, skills, and experiences of their workforce, as generative AI transforms many jobs. “AI is reshaping the future of work by redistributing tasks within jobs.” Those were the words of a U.S.-based chief human resources officer in response to a flash survey CNBC circulated last…
Fast-casual salad chain Sweetgreen is struggling as its traffic and sales continue to fall and it reports millions in losses each quarter. Its earnings worsened in its third quarter this year, as same-store sales declined 9.5% due in part to a 11.7% drop in foot traffic. Sweetgreen revolutionized the quick service industry after launching in…
Paramount Global and Skydance logos are seen in this illustration taken December 17, 2024. Dado Ruvic | Reuters Paramount Skydance said on Monday it expects $1 billion more in merger savings than it previously forecast as it outlines CEO David Ellison’s ambitions for the company. The update came in Paramount’s third-quarter earnings report — the…
