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It’s been a brutal week when it comes to layoffs. On Monday, shoe giant Nike announced it would lay off 775 employees, and on Tuesday, Pinterest announced it would lay off around 15% of its workforce. The same day, UPS announced 30,000 job cuts. Now Amazon is also joining their ranks with the announcement today of mass layoffs. Here’s what you need to know. What’s happened? On Wednesday, Amazon announced that it was eliminating 16,000 positions across its workforce. The company has around 1.5 million workers worldwide. In an unfortunate event, on Tuesday, Amazon accidentally sent an email to employees referencing the layoffs before they had been commu…

Tech founder and provocateur Travis Kalanick made millions betting on key parts of the young adult lifestyle with Uber (transportation) and dining (ghost kitchen startup CloudKitchens). Can he hit a trifecta with a bet on tech-focused, community-driven apartments? Kalanick has partnered with Oliver Ripley, founder of the luxury hospitality company Habitas, to launch Sekra, a bid to tackle the massive multifamily housing market with a firm that will focus on building and managing upscale rental apartments. It’s a market that’s sure to grow: Ripley estimates 80% of people younger than 40 globally rent, and that’s only going to increase as stubborn housing affordability…

Another day, another announcement of restaurant closures in the casual-dining space. Earlier this week, FAT Brands filed for Chapter 11 bankruptcy protection. As part of that process, the restaurant company is seeking to reject leases for a number of shuttered company-owned restaurants, including locations for Johnny Rockets, Smokey Bones, and Yalla Mediterranean, court filings show. FAT Brands owns 18 restaurant chains in total, including Fatburger, Round Table Pizza, Great American Cookies, and more. Most of its more than 2,200 locations worldwide are franchised. FAT Brands said in its bankruptcy filing that owns roughly 150 locations directly. “Our dynamic…

Dutch semiconductor chip machine maker ASML recorded a record net profit of 9.6 billion euros ($11.5 billion) in 2025 on sales of 32.7 billion euros fueled by AI-driven demand, the company reported Wednesday as it also announced plans to slash its workforce by about 1,700, about 4% of its workforce. The growth comes despite Dutch government restrictions on exports of machines that can be used to make chips that can be integrated into weapons systems. The measures, initially announced in 2023 and later expanded, are seen as part of a U.S. policy that aims at limiting China’s access to such technology. “In the last months, many of our customers have shared a notably more …

Businesses are acting fast to adopt agentic AI—artificial intelligence systems that work without human guidance—but have been much slower to put governance in place to oversee them, a new survey shows. That mismatch is a major source of risk in AI adoption. In my view, it’s also a business opportunity. I’m a professor of management information systems at Drexel University’s LeBow College of Business, which recently surveyed more than 500 data professionals through its Center for Applied AI and Business Analytics. We found that 41% of organizations are using agentic AI in their daily operations. These aren’t just pilot projects or one-off tests. They’re part of regular…

Let me set a scene for you: A manager at a tech company pings his team at 6:01 p.m., asking for a “quick favor before morning?” The millennial responds instantly with “Sure, give me a sec” while texting their partner to warn they will be late for their kids’ game. The Gen X employee gives a thumbs-up emoji and plans to do the work after the kids are asleep. The Gen Z parent has a different vibe altogether, responding, “I’m offline for day care pickup and will handle in the morning,” then logging off. It’s a move that likely stuns most millennial and Gen X colleagues, but this is what happens when boundary-setting appears in a workplace built around p…

Whenever my wife and I go to watch a movie together, lately we tend to pick a new theater close to where we live that’s called 109 Cinemas Premium Shinjuku. There are reclining seats, you get free popcorn in a chill lounge when you arrive, and the supposedly best-in-Japan sound system was tuned by the late music legend Ryuichi Sakamoto. What’s not to like? But when we went to see 28 Years Later: The Bone Temple this past weekend, we realized it was only showing in the auditorium dedicated to ScreenX, a fairly new format that has been picking up some steam of late. I’d heard of it before but I hadn’t ever seen it for myself, so I was happy to check it out in the spirit…

For designers of the built environment, it’s necessary to take a long view. Years or even decades can go into the design and construction of a single project, and the best built projects can stand for centuries. But the business of designing buildings is also subject to the upheavals and uncertainty of any given moment, including this very tumultuous one. Looking ahead to the (relatively) short-term future of the next year, Fast Company asked architects from some of the top firms working in the U.S. and around the world to predict the biggest forces shaping the industry this year, and the potential bright spots they might see. Here’s the question we put to a panel…

Two years ago, the last pay phones were disconnected in Rochester, New York. But a group of volunteers has started bringing a handful of phones back—and making them free to use. Called the GoodPhone Project, the effort is aimed at people who still don’t have reliable access to a mobile phone, including those experiencing homelessness. As pay phones have disappeared, alternatives have been hard to come by. “A lot of community centers, and especially the Monroe County libraries, were being inundated with people asking to use their front desk phones,” says Eric Kunsman, one of the volunteers behind the project. There’s a clear need: The handful of phones tha…

Is drinking coffee good for your health? The answer appears to be yes. Quite a lot of research shows that coffee drinkers stay mentally sharper and may live longer than those who don’t. That’s welcome news to many entrepreneurs and business leaders who depend on coffee to stay alert and productive. More recent research adds a twist to the welcome news that coffee is good for you. To get coffee’s life-extending benefits, make sure to drink it in the morning. Don’t keep on guzzling the stuff all day long. That’s the finding of a massive study from Tulane University in New Orleans. Researchers examined data from the National Health and Nutrition Examination Survey (…

Have you ever had the experience of rereading a sentence multiple times only to realize you still don’t understand it? As taught to scores of incoming college freshmen, when you realize you’re spinning your wheels, it’s time to change your approach. This process, becoming aware of something not working and then changing what you’re doing, is the essence of metacognition, or thinking about thinking. It’s your brain monitoring its own thinking, recognizing a problem, and controlling or adjusting your approach. In fact, metacognition is fundamental to human intelligence and, until recently, has been understudied in artificial intelligence systems. My colleagues C…

Shares of Facebook owner Meta Platforms (Nasdaq: META) are surging in premarket trading this morning after the company announced its fourth-quarter 2025 earnings yesterday afternoon. The earnings not only exceeded investor expectations, but CEO Mark Zuckerberg also laid out his vision for how artificial intelligence is set to transform the company—and personal computing—in the years ahead. Here’s what you need to know. Meta reports strong Q4 2025 earnings Expectations for Meta’s Q4 2025 were relatively high, but when the company announced its latest quarterly earnings after the bell last night, they exceeded what most investors had hoped for. Here are the…

Tesla, a brand once synonymous with consumer electric vehicles, is ditching some of the cars that brought its success. CEO Elon Musk has announced that the Model S and X vehicles are getting an “honorable discharge,” with production of them ending sometime next quarter. Instead, the company will use some of its factory space to build its humanoid Optimus robots. The news, shared during Tesla’s quarter-four earnings call on Wednesday, January 28, comes as Tesla expands manufacturing of its Optimus robots, full self-driving vehicles, and robotaxis. In fact, Tesla used its quarterly earnings report to describe itself as a “physical AI company.” That report…

Senate Democrats are threatening to block legislation that would fund the Department of Homeland Security and several other agencies Thursday, potentially bringing the government a step closer to a partial shutdown if Republicans and the White House do not agree to new restrictions on President Donald The President’s surge of immigration enforcement. As the country reels from the deaths of two protesters at the hands of federal agents in Minneapolis, irate Senate Democrats laid out a list of demands ahead of a Thursday morning test vote, including that officers take off their masks and identify themselves and obtain warrants for arrest. If those are not met, Democrats sa…

As Italy prepares for the 2026 Winter Olympics, a crucial part of the prep is the manufacturing of artificial snow; the Olympics organizing committee plans to make 2.4 million cubic meters of the stuff. The practice has become more and more common as climate change leads to warmer temperatures and less reliable snow packs. But as climate change worsens, artificial snow won’t even be enough to help certain countries host the Winter Games. By mid-century, the number of countries that could potentially host the Winter Olympic Games could be cut nearly in half, according to a recent study from the University of Waterloo. Currently, the International Olympic Commi…