Are annual reviews going away? What this means for the workforce

The U.S. job market remains strong, and more employers are looking for ways to give feedback and constructive criticism without doing a full-blown annual performance evaluation.

Spotify to cut 17% of workforce in third round of layoffs this year

“We now find ourselves in a very different environment," Spotify CEO Daniel Ek said. "And despite our efforts to reduce costs this past year, our cost structure for where we need to be is still too big."

Companies are cutting worker benefits to offset the sting of high inflation

Companies looking to cut costs to offset the pain of high inflation are quietly paring back the non-cash benefits they offer to employees — and the problem may soon get worse.

Red Lobster's Ultimate Endless Shrimp deal contributed to third-quarter operating loss

Red Lobster posted a huge loss in its third quarter -- linked partly to its Ultimate Endless Shrimp deal, which became a permanent fixture on its menu over the summer.

Best Buy combating theft with higher staffing levels in stores

Best Buy CEO Corrie Barry acknowledged the nationwide problem but said the electronics retailer has not experienced the significant loss competitors have thanks to its strategy of higher staffing levels, security, and full-service check-outs.

Sam Altman reinstated as OpenAI CEO days after being ousted, along with new board

The ousted leader of ChatGPT-maker OpenAI is returning to the company that fired him late last week, culminating a days-long power struggle that shocked the tech industry.

IRS delays $600 payment reporting rule for Venmo, Cash App and other payment apps

The IRS announced on Tuesday that it will delay implementing its $600 tax reporting requirement that was to take effect for the 2023 tax filing season.

US Postal Service records whopping $6.5 billion net loss for 2023

The U.S. Postal Service has posted a $6.5 billion net loss for fiscal year 2023 with operating revenue falling by $321 million.

Starbucks Red Cup Day 2023: Here’s how to get a free reusable cup

The popular Starbucks Red Cup Day is happening on the same day as a planned workers’ strike at more than 200 U.S. stores.

Chipotle founder opening robot-powered, meat-free restaurants

Each store will be manned by 3 people who will team up with robots to make meat-free burgers, faux chicken sandwiches, salads and acai bowls.

Planet Fitness considers raising its $10 membership fee

The fitness chain’s interim CEO discussed a potential price hike on memberships, a move the company has not made in years.