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Disney reportedly cuts hundreds of jobs across HR, technology

Disney reportedly cuts hundreds of jobs across HR, technology

Markets—

Disney is reportedly laying off a few hundred employees across multiple departments at the entertainment giant. Citing a source familiar with the matter, Reuters reported that Disney is laying off a few hundred employees in the company’s human resources and technology departments, marking the…

Sam Altman outlined OpenAI’s 3-part plan for dominance

Sam Altman outlined OpenAI’s 3-part plan for dominance

Finance—

Sam Altman laid out OpenAI’s three-step vision for business dominance. The CEO revealed a slew of updates to ChatGPT and related company products at its developer conference in San Francisco on Tuesday. He also outlined a three-part plan: provide the best AI models, make them the easiest for…

Judge rules Mamdani’s pied-à-terre tax rollout needs a do-over

Judge rules Mamdani’s pied-à-terre tax rollout needs a do-over

Finance—

New York City’s pied-à-terre tax on luxury second homes has hit a roadblock over the publication of a list of hundreds of thousands of residences in the city. A Staten Island judge ruled Tuesday that the previously published list of New York City residences should be removed. Instead, the…

Workday is doing another round of layoffs

Workday is doing another round of layoffs

Markets—

Workday is conducting layoffs for the second time this year, this time affecting around 500 workers. It also trimmed its fiscal third-quarter earnings forecast. The software-as-a-service giant said in a securities filing Tuesday that it’s cutting approximately 2.5% of its workforce, mainly within…