Uber is reportedly cutting 23% of its “People” division, continuing a string of tech layoffs. In a memo to employees viewed by CNBC Wednesday (June 3), Uber CEO Dara Khosrowshahi said the “changes are necessary to maximize the effectiveness of the People team and the enormous potential ahead of us.”...
Groupon plans to eliminate 400 positions globally as it rebuilds itself as an artificial intelligence (AI)-native company. The positions eliminated as part of the firm’s restructuring plan will include both employees and contractors, and the cuts will occur by the end of the third quarter,...
Intuit Inc. is reducing its global headcount by approximately 17% as it moves to streamline operations and accelerate its investment in artificial intelligence, according to an internal memo reviewed by Reuters on Wednesday (May 20). The restructuring will result in the elimination of about 3,000...
Corporate credit card startup Parker has apparently shut down after declaring bankruptcy. The company filed for Chapter 7 bankruptcy protection last week following a derailed $90 million acquisition deal, according to a social media post from founder Yacine Sibous. The move comes a little more than three years after Parker came...
Business uncertainty is no longer arriving as a single shock that firms can model, manage and move past. It is becoming a recurring operating condition, and that shift is changing how finance teams forecast demand, price goods, manage supply chains and absorb costs. The PYMNTS...
Enterprise resource planning (ERP) systems are the organizing backbone of corporate finance. But their limits are showing. In many cases, companies adopt them too late — after operational complexity has already outpaced the tools in place. April 2026 PYMNTS Intelligence data, gathered with i2c, shows...
Watch more: Live Roundtable With Seth Perlman of i2c and Julie Schmitz of Scale Solutions U.S. companies in the $1 million to $50 million revenue band are in motion. Fifty-three percent of them expect to cross the $50 million threshold between 2029 and 2031, and...
The modern corporation is starting to come apart — and it is doing so deliberately. What was once a single corporate center is becoming a network. Leadership sits in one city, finance in another and operations somewhere else entirely. Starbucks has targeted Nashville for a...
Asset manager Voya Financial is being pressured by hedge fund Toms Capital Investment Management (TCIM) to sell all or part of its pension and insurance products business, the Financial Times reported Thursday (April 23), citing unnamed sources. TCIM has built a position in Voya and...