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Starbucks is laying off 300 U.S. corporate employees and shutting down several regional offices as CEO Brian Niccol pushes forward with a broader turnaround strategy aimed at cutting $2 billion in costs by 2028. The latest restructuring impacts roles across technology, marketing, finance, and R&D, while retail staff remain unaffected. The coffee giant will retain key offices in Seattle, New York, Toronto, Coral Gables, and its upcoming Nashville hub, as it continues streamlining operations and reshaping its corporate structure.
18/05/2026
Meta is betting on a human-first AI future, but growing legal battles and declining public trust are putting Mark Zuckerberg’s vision to the test.
Saudi Arabia ranks among the world’s top 10 countries for private AI investment, according to the World Bank’s World Development Report 2026.
Apple shares came under pressure after Jefferies downgraded the stock to Underperform and cut its price target to $263.66, citing concerns that plans for a highly anticipated all-glass iPhone have been scrapped. Analyst Edison Lee pointed to production challenges, rising memory costs and uncertainty around Apple’s AI strategy, adding to recent concerns over the tech giant’s growth outlook.
11/08/2026
