News

Microsoft to lay off 6,000 workers, 3% of staff, in new restructuring initiative
It’s unclear how much Microsoft hopes to save through the layoffs. When the company laid off 10,000 workers in 2023, analysts ...
Wolfspeed Restructuring Talks Shift to Apollo, Other Creditors
The asset manager ranks high in the chip maker’s $6.5 billion debt stack.
Chegg to cut almost 250 jobs, terminate lease at South Bay headquarters
Education software maker Chegg announced plans on Monday to cut nearly 250 jobs as part of a restructuring plan. In a filing ...
OpenAI and Microsoft engage in tense negotiations over the future of their partnership
Once the best of friends, OpenAI and its most important financial backer Microsoft Corp. are now involved in tough ...
Chegg Shares Rise on Restructuring, Narrower-Than-Expected 1Q Loss
Chegg shares were 6% higher, at 73 cents a share, after the company reported a narrower-than-expected first-quarter loss and a restructuring plan, including job cuts.