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CEO under fire for mass layoffs amid foreign worker hiring spree now appointed to Fed’s task force on jobs
Asha Sharma was appointed to a Federal Reserve task force on productivity and jobs just days after XBOX announced 1,600 layoffs amid H-1B visa scrutiny.
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Bank of England handed powers to regulate key tech firms including Amazon and Google
The Bank of England, together with the Financial Conduct Authority (FCA), has been granted powers to directly regulate a small group of major technology firms that provide cloud and IT services to UK banks, taking effect from Monday. The move is aimed at ensuring these providers remain resilient against cyber-attacks and outages that could threaten…
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Fox News AI Newsletter: Microsoft cuts thousands of jobs
Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.
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Engadget Podcast: Xbox resets with layoffs
This week on the Engadget Podcast, we dive into Microsoft’s brutal Xbox layoffs with Mike Futter of the Virtual Economy Podcast.
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Volkswagen will dramatically shrink its model lineup and factory footprint
It follows reports of 100,000 jobs being under threat at the German automaker.
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Exit strategies: how and why 25% of World Cup coaches have left their jobs
A quarter of the 48 head coaches at the 2026 World Cup — twelve in total — have either been sacked or left their posts, an unusually high turnover that underlines the pressure and volatility surrounding international management at the tournament. The departures span teams eliminated in the group stage and the knockout rounds, and…
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MPs draw up a list of Labour sex pests as a warning for Andy Burnham
Labour MPs are said to be compiling a dossier of colleagues facing allegations of impropriety, sleaze, bullying and sexual misconduct, intended as a warning to Andy Burnham as he prepares to become Prime Minister. According to the reports, the aim is to dissuade Mr Burnham from appointing the named individuals to roles in the next…
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Days after announcing mass layoffs, Xbox CEO Asha Sharma tapped to advise the Federal Reserve on jobs
That’s a choice.
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Bonnie Tyler dies at 75 as Volkswagen faces mass German job-cut protests
The 1980s pop-rock icon behind Total Eclipse of the Heart has died aged 75; meanwhile Volkswagen faces demonstrations at eighteen German sites over plans to cut up to 100,000 jobs, amid Sheffield rows and football drama.
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Australia braces for record house-price crash as suicide advocate dies
A leading economist warns Australia faces its biggest-ever house-price correction; tributes flow for Bundaberg advocate Poppy Reynolds; and Sheffield unveils flood defences, a new cycle lane and two court cases.