Category: Latest Articles
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Amazon may lay off 15% of HR staff
Amazon is preparing to cut as many as 15% of its human resources employees, and additional layoffs are likely in its other divisions, according to sources. The company’s human resources division, known internally as PXT or the People eXperience Technology team, which has more than 10,000 employees worldwide, and includes a large recruiting team plus…
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‘Bitcoin Jesus’ pays $50m tax bill
Roger Ver, the prominent investor dubbed the “Bitcoin Jesus,” has settled a U.S. tax evasion indictment by paying up to $49.9m without admitting guilt. The Justice Department announced that prosecutors will dismiss the indictment after Mr. Ver acknowledged failing to pay taxes on Bitcoin sales following his renunciation of U.S. citizenship in 2014. He was…
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Judges in New England states rule overwhelmingly against Trump
Federal judges in Massachusetts, Rhode Island, New Hampshire and Maine have become key players in the legal battles over President Donald Trump’s policies since he returned to office in January. Analysis by Reuters has found that at least 72 lawsuits challenging Trump’s policies have been filed in federal courts in these four states by plaintiffs,…
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China-linked ships to face U.S. port fees from October 14th
The U.S. is set to impose port fees on vessels linked to China starting October 14th, which could cost the top ten cargo carriers approximately $3.2bn in 2026. The move aims to reduce reliance on Chinese-built ships and strengthen U.S. shipbuilding, but has already created uncertainty among carriers. S&P noted: “The uncertainty has added another…
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PepsiCo names Walmart exec as new CFO
PepsiCo has named Walmart executive Steve Schmitt as its new chief financial officer, effective November 10th, when he will succeed Jamie Caulfield, who plans to retire after more than three decades at the company. Mr. Schmitt, who has served as finance chief of Walmart’s U.S. arm since 2021, joins the company as it seeks to…