#news

Posts mentioning hashtag #news

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GameStop closing hundreds of stores

GameStop is closing hundreds of U.S. stores in early 2026 as part of a cost-cutting strategy to pivot from physical retail to digital and collectibles amid declining sales. CEO Ryan Cohen's $35 billion incentive fuels criticism, with employees facing abrupt layoffs. This reflects broader gaming industry shifts toward online dominance.

https://www.webpronews.com/gamestop-to-close-hundreds-of-us-stores-in-2026-digital-shift/


Ouch

Rockstar Games adopted strict internal measures by firing dozens of employees involved in sharing information about Grand Theft Auto VI. Essas actions occurred after discussions on external channels considered insecure, which included unauthorized people.

https://www.mixvale.com.br/2026/01/10/rockstar-indirectly-validates-leaked-gta-6-details-with-employee-layoffs-on-insecure-channels-en/amp/


AI-related layoffs at Goldman Sachs

Goldman Sachs begins laying off staff on Jan. 11 in a broad restructuring that targets investment banking and global markets roles and aims to cut $1.3 billion in operating expenses over three years. The moves reflect a strategic push to redeploy capital into priority businesses and technology, but the scale and timing remain unclear and could reshape hiring, compensation and offshore staffing across the industry.

https://www.prismedia.ai/news/goldman-sachs-begins-major-layoffs-in-aifueled-cost-push


Goldman Sachs starts big layoffs, with AI pushing costs higher

Goldman Sachs is set to begin layoffs on January 11 as part of a wider shake-up centered on its investment banking and global markets teams. The cuts are aimed at saving $1.3 billion in operating costs over the next three years, as the bank shifts capital toward its top businesses and technology.

https://www.prismedia.ai/news/goldman-sachs-begins-major-layoffs-in-aifueled-cost-push


Blackbaud's JustGiving faces a regulatory investigation in the UK

Numerous UK newspapers picking this one up over the weekend, including The Times, The Daily Mail, and others.

No doubt their risk exposure / scrutiny with the regulators will increase as they continue to offshore UK and USA product roles and resources to India on the cheap. Looking at the numbers cited in their financial reports, JustGiving is a total cash cow!

https://www.thetimes.com/uk/law/article/justgiving-investigated-misled-profit-tips-bdnjdhqnz

https://www.dailymail.co.uk/news/article-15450203/JustGiving-investigated-claims-uses-underhand-tactics-money-donors-order-boost-profits.html


Trump, 79, Accidentally Reads Marco Rubio’s Private Note Out Loud

Via new republic.com

“You’re all gonna do very well—Marco just gave me a note. ‘Go back to Chevron, they want to discuss something,’” Trump read, turning to look at Chevron Vice Chairman Mark Nelson. “Go ahead, I’m going back to Chevron, Mark.”

Rubio grimaced uncomfortably, as Trump patted him on the back. “Thank you, Marco,” he said.

“Was there a question, Mr. President?” Nelson asked.

“Yes, go ahead Marco, what are you saying here?” Trump asked, inspecting the note again.


I just finished a great meeting with the very successful Intel CEO, Lip-Bu Tan.

I just finished a great meeting with the very successful Intel CEO, Lip-Bu Tan. Intel just launched the first SUB 2 NANOMETER CPU PROCESSOR designed, built, and packaged right here in the U.S.A. The United States Government is proud to be a Shareholder of Intel, and has already made, through its U.S.A. ownership position, Tens of Billions of Dollars for the American People — IN JUST FOUR MONTHS. We made a GREAT Deal, and so did Intel. Our Country is determined to bring leading edge Chip Manufacturing back to America, and that is exactly what is happening!!!

https://truthsocial.com/@realDonaldTrump/posts/115861537483492504


Bye Bye UK

https://news.sky.com/story/tpg-closes-in-on-1bn-plus-deal-for-gp-patient-records-system-supplier-13491127

TPG closes in on £1bn-plus deal for GP patient records system supplier
The buyout firm is close to buying Optum UK, which supplies the systems used by NHS doctors to manage patient records, from US giant UnitedHealth, Sky News learns.


Corporate layoffs incoming

"At this time, the Company anticipated that workforce reductions will occur in phases, or waves over the coming months," the company wrote in the letter, which was signed by Lisa V. Chang, executive vice president and global chief people officer.

https://www.11alive.com/article/news/local/coca-cola-announces-plans-for-corporate-layoffs-in-atlanta/85-043a3b21-a30b-4c66-8603-0e9a953f8ced