Author: Editor

Cisco is cutting “fewer than 4,000 jobs” as the networking giant restructures its business to focus more heavily on artificial intelligence, according to a memo from CEO Chuck Robbins published Wednesday. Loading audio narration… The layoffs, which affect less than 5% of Cisco’s workforce, come as the company reported stronger-than-expected quarterly results and raised its sales forecast on growing demand for AI infrastructure.In a regulatory filing on Wednesday, Cisco said the restructuring is expected to cost up to $1 billion, largely due to severance expenses. The company said it expects to record about $450 million of those charges in the…

Peacock is dipping its toe into micro dramas by teaming up with ReelShort, Business Insider has learned. Loading audio narration… NBCUniversal is bringing 10 micro dramas from category leader ReelShort to its flagship streamer’s mobile app starting on Thursday, two people familiar with the initiative told Business Insider. The company confirmed the deal but didn’t disclose terms.The Peacock-ReelShort deal is a short-term licensing arrangement that will precede a pair of Bravo original micro dramas arriving on Peacock this summer, said John Jelley, NBCUniversal’s SVP of product and user experience for Peacock.”We have got a lot of confidence that doing more…

An Allegiant Air plane lands at Harry Reid International Airport on July 26, 2022, in Las Vegas.Chase Stevens | Las Vegas Review-Journal | Tribune News Service | Getty ImagesAllegiant Travel Co.’s acquisition of Sun Country Airlines closed on Wednesday, and the chief executive of the combined company, Greg Anderson, said Allegiant Air will continue to stand out despite industry turmoil, including a surge in jet fuel costs.”Our model was built to protect margins and not chase growth,” Anderson said in an interview with CNBC. The Las Vegas-based airline announced its $1.5 billion cash-and-stock agreement, including debt, to buy Minneapolis-based Sun…

U.S. Rep. Cleo Fields, D-La., attends a public comment session on congressional redistricting at the Louisiana state Capitol in Baton Rouge on May 8. The U.S. Supreme Court ruled that Fields’ district is an unconstitutional racial gerrymander, in a major decision that weakens the Voting Rights Act. Annie Flanagan for NPR hide caption toggle caption Annie Flanagan for NPR BATON ROUGE, La. — Three mornings a week, usually before 7, a half dozen or so seniors finish exercising at a community gym and commandeer a hallway lined with plastic chairs. “We call ourselves the old men down the hall,” says…

A customer shops for beer in a supermarket in New York on Jan. 22, 2026.Charly Triballeau | AFP | Getty ImagesU.S. beer sales have dropped more sharply than expected, as new scanner data points to weakness in the category. The slowdown is also raising concerns on Wall Street that higher gasoline prices may be pressuring discretionary spending, especially in convenience retail. Beer, full malt beverages (FMB) and cider volumes fell 6.3% year over year through the week ending May 2, both on a two- and four-week trailing basis, according to Nielsen-tracked data. That’s worse than the trends seen between November…

Condé Nast was a money-losing magazine publisher in 2019, when Roger Lynch took over as CEO. Now it’s profitable. Loading audio narration… How’d he do that?Cuts and consolidation are part of the story. But Lynch says he’s focused on growing newish businesses, like the annual Met Gala his Vogue title oversees — a Super Bowl for people who like seeing celebrities in out-there outfits.He’s also had to navigate complicated relationships with big digital platforms like Meta and Google, which used to drive lots of traffic to his sites but don’t anymore. And more recently, with AI companies like OpenAI, which…

You know AI data centers have an image problem when more people say they’d rather live near a nuclear reactor. Loading audio narration… A new Gallup poll found that 71% of Americans say they don’t want a data center being built where they live, far more than the 53% who would oppose construction of a nearby nuclear power plant.Of those opposed to data center construction, 48% said they were strongly in opposition.The survey, conducted in March, found that data centers are broadly unpopular across the political spectrum.Democrats were more likely to express strong opposition. 56% of Democrats indicated strong opposition to local…

Editor’s note: In April 2025, Business Insider wrote about an IT support professional named “Damien,” who was secretly juggling three full-time remote jobs and on track to earn about $368,000 (Damien is a pseudonym, but Business Insider has verified his identity and employment.) Read that story here. In a recent interview, Damien shared how his overemployment situation has evolved. Loading audio narration… When Business Insider first spoke with Damien last year, he wasn’t having much trouble secretly juggling three full-time jobs.Since then, he’s lost one of those roles but added three others. He now works five full-time remote IT jobs…

This as-told-to essay is based on a conversation with Tyler End, cofounder and CEO of Retirable. It has been edited for length and clarity. Loading audio narration… Death and long-term care are two things people don’t want to talk about, ever. When you add in money, it gets even more complicated.Talking about money and aging is my job, but it still isn’t easy to discuss those things with my own mom, who is in her 70s. Still, I know these difficult conversations are worth having. My mom is a single public school teacher who doesn’t have the type of assets…

Long before I understood entrepreneurship, I was already doing it. Loading audio narration… At 7 years old, I was taking things from around my house and selling them to neighbors and friends. It was simple, but I loved the process. I was always selling something.By 9, after getting my first iPad, that instinct turned into creation. I taught myself how to build social media pages, experimenting with content and learning how to capture attention. I did not think of it as marketing. I just enjoyed building.Then, in March 2020, everything changed. I was in sixth grade when I found out…