US Business

Chief Executive Bob Chapek announced company-wide cost-cutting measures and told division leaders that layoffs are likely, according to an internal memo viewed by the Journal. The moves come days after Disney reported lackluster earnings.

The bankruptcy will likely wipe out billions of equity value, leaving investors with stiff losses. It will maroon the crypto and cash deposits belonging to a legion of customers. FTX faces investigations or asset freezes from regulators and prosecutors around the world.

The power, perks and demand that many workers at big tech companies enjoyed over the past decade are giving way to angst over layoffs and shrinking net worths.

Norwegian battery maker Freyr and Koch are accelerating a project in Georgia to tap U.S. government incentives.

Twitter suffered additional senior executive departures as owner Elon Musk said bankruptcy is a possibility for the company.

The fashion brand strikes a distribution deal with the e-commerce giant.

CEO Andy Jassy is leading the review including the devices unit, which includes Alexa and has had an annual operating loss of $5 billion in some recent years, documents show.

Facebook, Twitter and other firms are slashing jobs, and their leaders’ mea culpas are abundant.

Apple’s warning this week about iPhone supply limitations threatens one of biggest drivers of the company’s record-breaking sales in recent years: persuading customers to buy its priciest smartphones.

Tax snafus, legal headaches—and now, killjoy bosses. The digital-nomad lifestyle is full of complications for workers and their employers.