American professional networking platform for jobseekers and employers
Microsoft has announced 4,800 job cuts companywide, including 3,200 roles in Xbox during fiscal 2027 and 1,600 Xbox positions eliminated immediately. Xbox will spin out or divest five studios and reduce management layers as it restructures to strengthen margins while shifting resources toward AI and core franchises. The move has reduced Xbox headcount by about 20%.
Tech firms are cutting thousands of roles as AI surges influence across operations. Wix, Meta, LinkedIn, Cloudflare and others cite AI-driven efficiency and currency shifts as drivers of restructuring, with severance and AI-focused reassignments underway.
Federal prosecutors have opened a criminal inquiry into whether E. Jean Carroll lied under oath in depositions tied to two civil suits she won against Donald Trump; the probe is focusing on statements about outside funding, including donations from Reid Hoffman’s nonprofit, and is being led by the U.S. Attorney’s Office in Chicago.
Five Eyes intelligence partners have published a joint bulletin and U.S. prosecutors have seized 13 internet domains after identifying fake consultancies that advertised analyst jobs to current and former security‑clearance holders. Officials have said the websites used stolen identities and AI images, paid recruits in crypto and pressured applicants for non‑public information.
Business owners across the UK are retooling operations as market conditions shift. New reporting highlights how firms are adjusting pricing, services and staffing to survive a volatile economy.
A PwC study shows AI exposure is changing entry-level work, with junior staff increasingly expected to demonstrate leadership, judgment and data‑driven decision‑making even as overall entry‑level hiring slows. UK and US markets exhibit mixed trends, with prime emphasis on human skills and targeted training.
A wave of recent reporting shows graduates face a shifting labor market as AI reshapes entry-level work. Universities strike deals with AI firms while students push back against discussions of automation. Experts urge focusing on skill-building and AI literacy to navigate the coming changes.
JD Vance is weighing a 2028 presidential run, but says he will decide after the 2026 midterms. He notes the president would be supportive, and the dynamic with Trump continues to shape his planning as family life and faith influence his timing.
Qualcomm has unveiled a data-center CPU, announced the acquisition of Modular to boost AI software capabilities, and detailed its broader data-center AI roadmap. The moves position Qualcomm to challenge Nvidia in enterprise AI and expand its reach into cars, robots, and connected devices, while continuing its growth in China amid export-control considerations.
A set of market challenges tests the housing and construction sector across the UK and Scotland. Firms underscore investments in people, sustainability, and smart design as they navigate rising rates, inflation, and uncertainty while informing future growth. The story consolidates perspectives from CNBC, The Scotsman, Independent, and CNBC coverage on leadership, policy, and outcomes.
Taiwan’s stock market shows signs of overheating as AI-driven speculation drives trading volumes, with brokers tightening lending and central banks watching closely as investors borrow heavily to ride the rally.
Major tech firms have announced widespread workforce reductions while reporting record AI spending and rising head counts at heavy AI adopters. Oracle, Microsoft, Meta and others have cut roles and cited AI-driven change even as studies from Ramp/Revelio, SignalFire and Draup show engineering hires and entry-level roles growing at AI‑intensive firms and job listings shifting toward judgment and AI-tool fluency.
CMOs at Cannes Lions are embracing authenticity and creator-led collaboration to cut through fragmentation. Duolingo, Gap, American Express, and Mars are spotlighting platform-first content, in-house creative teams, and consumer participation over traditional ads. Reddit launches new ad formats to leverage community wisdom as part of a broader shift toward human guidance in a data-rich era.
Germany’s pension commission has proposed a fund-based pillar, with mandatory employer and employee contributions invested in markets. It also recommends gradually increasing retirement age to about 70 by the early 2090s and scrapping early retirement options, with swift parliamentary action anticipated.
Tech stocks retreat after Micron’s results dim optimism for AI demand; Kospi sinks as memory-chip exposure bites—while mega-cap techs hold some ground.
Developments in quantum computing have intensified scrutiny over Majorana claims as critics urge stricter validation. Microsoft defends its work while independent researchers call for more transparency, in a field where practical quantum utility remains on the horizon.
Non-sponsor brands are driving cultural moments at the World Cup, surpassing official sponsors in engagement and influencing ad strategies across the U.S., Canada and Mexico-hosted tournament. Non-sponsors leverage real-time trends and creative campaigns, while official sponsors maintain traditional visibility.
A collection of personal essays from Business Insider UK and other outlets examines digital boundaries, parenting, money, sleep, and career shifts in 2026. Writers describe reducing smartphone use, reorganizing family tech rules, and experimenting with unconventional routines to regain calm and control.
Cape Verde reached the World Cup knockout stage for the first time, then fell 3-2 to Argentina in a dramatic Round of 32. Vozinha starred with seven saves against Spain, while diaspora players and Cape Verdeans abroad celebrated the underdog story and the nation’s rising football profile.
The government has launched a youth jobs grant to hire 18- to 24-year-olds on universal credit for six months, offering firms £3,000 per recruit. The move aligns with a jobs guarantee and broader poverty-reduction efforts, while education and childcare supports expand. Roundtable discussions with hospitality leaders accompany the policy rollout.
Thales has agreed to pay €134 per Exail share, valuing the target at €3.9 billion, in a deal that includes a 44% premium to the pre-announcement price. Exail shares rose sharply ahead of the transaction.
A cross-collection of recent profiles shows how job seekers are navigating a tougher, AI-influenced market. From multi‑job hedges to verbal offers that vanish, applicants face longer hunts, higher costs, and more technology-driven strategies.
EasyJet has agreed in principle to a 6.90 share takeover offer from Castlelake, valuing the airline around £5.5bn. The board says the terms are at a value they would be minded to recommend should a firm bid be tabled, with Castlelake extending the deadline to 3 August to announce a firm offer. Apollo has emerged as a rival bidder raising the stakes in the battle for Europe’s no-frills carrier.
A wave of new findings shows AI adoption is reshaping hiring and skill needs. High-intensity AI users are growing headcount, while AI-native firms are restructuring teams and boosting senior talent shares. Scottish businesses are adopting AI rapidly but face expertise and trust gaps. The evidence comes from Ramp/Revelio, Harvard/INSEAD, BCG, and national outlets.
Leverage ETFs tracking Samsung and SK Hynix have tumbled since late May listings, while a new wave of anti-Elon funds seeks to exclude Musk-associated companies, including Tesla and SpaceX, from Nasdaq-100 and S&P 500 exposures.
Goldman Sachs has updated its personal trading policy to bar employees from trading on event-based contracts tied to the bank, elections, financial markets and geopolitics. The move aims to curb the risk of insider trading and conflicts of interest as platforms like Polymarket and Kalshi expand activity. Other banks are reviewing policies as regulators watch closely.