Author: Editor

Staffing and recruiting firm Kelly Services is cutting about 2% of its corporate workforce, the company confirmed to Business Insider.Kelly, which has about 5,000 corporate employees, is making a “targeted reduction” to its organizational structure, a spokesperson for the Troy, Michigan-based company said in a statement.The move is designed to meet “the evolving needs of our client portfolio while further streamlining our organizational structure,” the spokesperson said.At 2%, the layoffs would affect about 100 workers.The cutbacks come early in the tenure of Chris Layden, who took over as CEO in September after Kelly’s former chief retired.The reductions also arrive as…

Last July, I got an email that changed my life overnight: I had been selected for a prestigious traineeship program at a Broadway theatre company. I had only a month to pack my bags, find an apartment, and move from Southern California to New York.For the last three years, I have lived alone as a resident assistant at the University of California, Los Angeles. In my final year, after working my way up through the ranks, I was fortunate enough to live in my own air-conditioned, one-bedroom apartment with in-building laundry.In New York City, the median rent for a studio…

This as-told-to essay is based on a conversation with Sam Struan, a 36-year-old consultant and résumé writer based in Scotland. Struan went viral when he worked at an Apple store in Vancouver, using his birth name, Sam Sung. He left the job due to a career switch. His words have been edited for length and clarity.Growing up, I received a few silly comments or playground chants about my name, Sam Sung, but nothing like what happened in my early 20s.During that time, I worked at an Apple store in Glasgow, Scotland. There were friendly jokes about Sam Sung working for…

The National Hockey League said Wednesday it’s reached a multi-year licensing agreement with prediction markets Kalshi and Polymarket. More sports leagues may be coming soon.Tarek Mansour, Kalsh’si co-founder and CEO, told CNBC’s “Squawk Box” the deal marked a “seminal moment” for prediction markets and the company.”A league like the NHL partnering with us is a strong sign that prediction markets are here to stay,” Mansour said.As part of the NHL deal, Kalshi and Polymarket will gain access to the league’s proprietary data and rights to use NHL marks and logos. In return, Mansour said, the hockey league will get a…

The Treasury and the Internal Revenue Service have provided transitional guidance for businesses required to report car loan interest under the recent tax reform law.Notice 2025-57 provides penalty relief and guidance for this year for lenders and other interest recipients who are required to file information returns with the IRS and provide statements to borrowers showing the total amount of interest received on qualified passenger vehicle loans and other information related to the loan.A “qualified passenger vehicle” is a car, minivan, van, SUV, pick-up truck or motorcycle with a gross vehicle weight rating of less than 14,000 pounds, and that has undergone…

Mary Barra speaks onstage during WSJ’s Future of Everything 2025 at The Glasshouse on May 28, 2025 in New York City.Dia Dipasupil | Getty ImagesNEW YORK — General Motors is targeting a suite of new software initiatives for its vehicles over the next three years, including an in-vehicle artificial intelligence assistant from Google and a driver-assistance system that can largely control the vehicle without human interaction or monitoring.GM said the conversational Google Gemini AI will begin launching in its vehicles next year, followed by the new driver-assistance system, which will allow drivers to be hands-free and take their eyes off…

A Walmart store is shown in Oceanside, California, on May 15, 2025.Mike Blake | ReutersWalmart is pausing the hiring of job candidates who need H-1B visas to work in the U.S., according to a person familiar with the decision, an example of the ways the Trump administration’s immigration policies are shaping corporate strategy.Walmart’s decision comes after President Donald Trump in September announced higher fees for the visas, which allow companies to temporarily hire skilled workers from other countries such as China and India. The Trump administration said it would now require companies to pay a $100,000 fee for each new…

Illinois Governor JB Pritzker assailed a plan by Chicago Mayor Brandon Johnson to bring back a tax on large corporate payrolls, saying the proposed levy would repel major employers. “I am absolutely, four-square opposed to a head tax for the city of Chicago,” Pritzker said Tuesday at the Economic Club of Chicago. “It penalizes the very thing that we want, which is we want more employment.”The governor’s opposition adds to the pressure on Johnson as the mayor tries to close next year’s $1.19 billion budget deficit with new or higher taxes on big corporations, tech companies and wealthy residents. Johnson’s so-called…

Netflix Inc. shares fell the most in more than seven months after the world’s most valuable entertainment company said a tax dispute with Brazil cut into third-quarter earnings.Operating income was $3.24 billion in the three months ended Sept. 30, according to a statement Tuesday, about $400 million below its own forecast and analysts’ estimates. The company’s outlook for the current quarter is largely in line with Wall Street projections.Netflix had to pay about $619 million to settle a multiyear tax dispute with Brazilian authorities going back to 2022. The company had identified the potential risk in previous filings – but…

Warner Bros. Discovery has rejected three Paramount Skydance takeover offers as it fields broad buyout interest, CNBC’s David Faber reported Wednesday, citing sources.Paramount’s last offer was for just under $24 per share and was comprised of 80% cash, according to Faber, who previously reported a bid could come in at between $22 and $24 per share.Reuters on Tuesday reported WBD had rejected a bid for nearly $24 per share.WBD said on Tuesday it had received “unsolicited interest” from multiple parties and that it would expand its strategic review process to review all bids. At the same time, the company is…