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It’s been a rough week for the tech industry. First, Salesforce announced it would lay off more than 1,000 employees, and now another enterprise software maker has announced even deeper job cuts. Yesterday, Workday, Inc. (Nasdaq: WDAY), maker of cloud-based human resources software, announced that it would lay off 1,750 employees—or roughly 8.5% of its global workforce. These layoffs add to a rough start for the tech industry in 2025, which has seen major tech giants, including Meta, Microsoft, and Amazon, trim their workforces. Here’s what you need to know about Workday’s layoffs. Roughly 8% of Workday’s employees are impacted Workday yesterday announced …

This week, skincare brand Kiehl’s debuted a hairy new font, Starbucks continued to roll out its feel-good nostalgia marketing, and an iconic ’80s soda was revived for the year 2025. Here’s all the branding news we’re keeping up with. [Image: Kiehl’s] Kiehl’s gets in on the custom type craze The news: The skincare brand Kiehl’s just unveiled a new custom font made from an unexpected material: pubic hair. Big picture: The font comes as a response to the backlash that Kiehl’s received in August for an ad campaign for a new product line targeting ingrown pubic hairs. Those initial ads featured fully covered models with just a glimpse of hair peeking out from th…

Shares in Google’s parent company, Alphabet (Nasdaq: GOOG), are down nearly 7% in premarket trading at the time of this writing. The fall comes a day after Google announced its fourth-quarter 2024 earnings results. Here’s what you need to know about those results and the likely reasons why GOOG stock is falling this morning. Google Q4 2024 results were a mixed bag Google saw both its revenue and earnings per share (EPS) increase in Q4 versus the quarter a year earlier. For the Q4 2024 quarter, Google posted nearly $96.5 billion in revenue—12% growth from Q4 2023. However, in that previous Q4 2023 quarter, Google’s revenue growth had been 13%, suggesting that growth…

All live poultry markets in New York City and some of its suburbs were ordered Friday to close for a week after the detection of seven cases of avian flu, which has also hit farms nationwide, led to the slaughter of millions of birds and driven up egg prices. Gov. Kathy Hochul said there is no immediate threat to public health and that the temporary closure of bird markets in the city and its Westchester County and Long Island suburbs comes out of an abundance of caution. No cases of avian flu have been detected among humans in New York, officials said. The order came after birds infected with the virus were found during routine inspections of live bird markets in…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Speaking before the U.S. Senate this month, Federal Reserve Chair Jerome Powell said that a decade or more down the road, homeowners in some parts of the country won’t be able to find home insurance. “Both banks and insurance companies are pulling out of coastal areas or areas where there are a lot of fires. So what that is going to mean is that if you fast-forward 10 or 15 years, there are going to be regions of the country where you can’t get a mortgage,” Powell told Congress. “There won’t be [mortgage] ATMs, there won’t be banks [lending mortgages…

Nearly half of Americans believe that we will see a civil war in the United States in our lifetime. As a corporate leader of a large, diverse team that operates across the United States, I am simultaneously horrified by this and hopeful that it will not come to fruition. The workplace gives me a window into the relationships that are at stake if our country further divides. It also gives me hope that relationships can hold us together, two people at a time. I met my colleague Ted last year. We are a generation apart. I’m a city girl. He’s a country guy. I’ve never voted Republican. I doubt he’s ever voted for a Democrat. We both call ourselves Christian, while o…

Buy Now, Pay Later (BNPL) loans have become increasingly popular in recent years—originations grew tenfold between 2019 and 2021, for instance. Last year, roughly 20% of American consumers used one to make a purchase. Despite their increasing usage, BNPL loans are still not used to calculate credit scores—which may have effects for lenders, and could be costing some consumers with good credit habits some valuable points. FICO—the creator of the FICO Score which is used by 90% of U.S.-based lending institutions to make lending decisions—recently published an analysis in tandem with the BNPL company Affirm to get a sense of what the results would be if those loans were …

Global sustainability models are failing. They’ve been designed to showcase ethical trade and environmental responsibility, but they fundamentally misunderstand how global supply chains operate—especially the critical, unseen work at the beginning of essential value chains such as critical minerals. For decades, these models have burdened African merchants, miners, and farmers—the backbone of global industries from cocoa to lithium—while corporations further along the chain claim the benefits. The systems celebrate end products, like sleek electric vehicles (EVs) or iPhones, while ignoring the heavy lifting at the start of the work, where it’s most difficult. Th…

Super Bowl ad spots range from just 15 to 60 seconds, but their impact lives on through social media for the days, weeks, and sometimes even years that follow. Although around 50 brands bought broadcast time, less than a week later, only a handful are still being talked about. So how can brands best transform their (very expensive) ads from momentary entertainment to long-lasting conversation pieces? Data from Metricool, a social media analytics tool, shows that the Super Bowl ads with the largest reach and impact are ones that use social media to turn their seconds-long time slot into an all-encompassing experience. “Brands should focus on full-scope coverage, r…

Last fall, Will Ferrell sang an homage to PayPal to the tune of Fleetwood Mac’s classic “Everywhere.” The payments platform was making a big swing with the comedy legend for its biggest-ever U.S. ad campaign. It was also the first major piece of work under PayPal chief marketing officer Geoff Seeley, who joined the company in February 2024. The campaign was created with agency BBH, with an assist from Publicis Groupe creative shop Le Truc. But there was another partner holding influence over the brand strategy, all behind the scenes. The Intangibles—which some might call the Avengers of marketing—is a marketing powerhouse that has largely operated in the shadows unti…

Cryptocurrency exchange Bybit said last week hackers had stolen digital tokens worth around $1.5 billion, in what researchers called the biggest crypto heist of all time. Bybit CEO Ben Zhou said the crypto was taken from a “cold wallet” – a digital wallet usually stored offline and so supposedly more secure – that was used for ether tokens. Blockchain research firm Elliptic said the hack was more than double the last-biggest crypto heist and “is almost certainly the single largest known theft of any kind in all time.” The crypto industry has suffered a series of thefts, prompting questions about the security of customer funds, with hacking hauls totalling more…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. In the past few years, the housing market has experienced a “lock-in effect,” in which many homeowners with lower monthly payments and mortgage rates (some even below 3%) are unwilling to sell and purchase another home with a significantly higher monthly payment and mortgage rate. Last year, researchers from the Federal Housing Finance Agency estimated that the lock-in effect had resulted in more than a million “lost” home sales. But what mortgage rate would it take for homeowners to consider moving? ResiClub aimed to find out with the ResiClub Housi…

In the days before a recent ballot referendum in Seattle that would determine the future of social housing in the city, large tech companies spent big. Amazon and Microsoft, both of which are headquartered in the Seattle metropolitan area, each donated $100,000, and opponents of a tax to fund social housing spent a combined $780,000 in the lead-up to the February 11 vote. Despite this, the vote on a corporate tax to fund the city’s social housing authority won, with 63% of voters supporting it. In 2023, voters had already resoundingly approved the social housing authority, agreeing that a new entity would be created to acquire and construct mixed-income housing and ke…

Barbara Bouza went from architecture to Imagineering and back again. A trained architect who spent nearly 19 years working on building projects for the world’s largest architecture and design firm, Gensler, Bouza made an unconventional career pivot in 2020 when she became president of Walt Disney Imagineering, the famed division of the Disney corporation focused on theme parks, experiences, and future technologies. After four years of navigating pandemic closures, updating theme parks around the world, and debuting new cruise ships, she’s now coming back to her roots in architecture and taking on a new role as executive director of market strategies and growth at the…

The last big breakthrough in aviation when it comes to boarding your flight came in the early 2000s, with the arrival of eTicketing. But a new proposed overhaul of how you get on planes could shake things up in a much larger way. The International Civil Aviation Organization (ICAO), a United Nations agency that oversees international airline policy, has revealed plans for a digital travel credential (DTC), which will do away with boarding passes and current check-in procedures and instead rely on technology like facial recognition. (Some 193 countries, including the U.S., are members of the ICAO.) A pilot program testing the DTC has been underway in Finland for al…

Despite a strong start to the year, traffic at U.S. quick service restaurants (QSR), which has been steadily declining month by month, was down 1.7% year-over-year compared to last April, signaling growing consumer caution or shifts in dining behaviors, according to Revenue Management Solutions (RMS), a company that analyzes data and provides insights about the restaurant industry. At the same time, RMS found on average, fast food prices increased in April by +2.0% year-over-year, steady with inflation trends. In case you’re not familiar with restaurant industry lingo, a quick service restaurant (QSR) describes establishments that prioritize speed and convenience,…

Tesla’s sales of its China-made electric vehicles dropped 49.2% in February from a year earlier to 30,688 cars, the lowest since August 2022, as the U.S. automaker faces pressure from Chinese rivals in a relentless smart EV price war. Tesla, which makes its Model 3 and Model Y vehicles in China, sold 93,926 Chinese-made vehicles worldwide in the first two months, down 28.7% year-on-year, according to data from the China Passenger Car Association (CPCA). January-February sales were distorted by the Lunar New Year holiday shifting from February last year to late January this year and due to a partial suspension of Model Y production for upgrade work. Still, Chin…

Rebecca Yarros’s romantasy novel Onyx Storm stormed the book charts in January, becoming the fastest-selling adult novel in 20 years. Indeed, demand for romance content—in books, on screens, and on TikTok—has grown exponentially in recent years. Enter audio erotica company Quinn. Founded by 27-year-old Caroline Spiegel, the 6-year-old platform publishes dozens of creator-driven, female-centric erotic audio stories each week. Creators, who write and perform the audio, receive a portion of the app’s subscription fees ($4.99 per month or $47.99 per year) based on user engagement. To date, Spiegel has raised $10 million from venture capital firms and investors such as Ent…

On an unremarkable vacant lot in Atlanta’s West End, a proposed rowhouse construction project could soon become a milestone of modern design. The building itself is not particularly special; its 17 units have attractive geometrical facades, large picture windows, and will be affordably priced. More notable than the design of the project itself is how it was designed. To an uncommon degree, artificial intelligence was used extensively throughout the design process, from market analysis and conceptual design to regulatory compliance and material selection. The building, which is going up for zoning approvals this week, could be one of the first projects designed largely t…

There’s a new entrant in the scam hall of fame. The Chengdu Snow Village—a newly opened destination in the suburban Chengdu, Sichuan province—advertised a picturesque snow landscape for guests to enjoy during the Lunar New Year celebrations last month. Photos of the event resembled scenes from a Christmas card, featuring thick layers of snow blanketing log cabin roofs. However, unseasonably warm weather meant the main feature was a no-show. Rather than canceling the events, organizers got creative. White sheets were stapled to cabin roofs, white sand and large cotton wool sheets were scattered across the grounds, and soapy foam drifted through the air in a feeble …

The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) has issued a public health alert regarding Wegmans’s frozen fully cooked chicken breast nuggets. The alert, released on Monday, January 27, highlights concerns that the nuggets may be contaminated with extraneous material, specifically bone fragments, according to a notice on the USDA’s recall page. The FSIS says it became aware of the issue after multiple consumers reported finding such fragments in the chicken, although no injuries have been confirmed related to the product. A recall has not been issued since the product is no longer available for purchase. However, consumers …

“Insane project idea: all of wikipedia on a single, scrollable page,” Patina Systems founder Tyler Angert posted on X earlier this month. “Even better, an infinitely scrolling Wikipedia page based on whatever you are interested in next?” replied Bloomberg Beta VC James Cham. “WikiTok,” added Angert. insane project idea: all of wikipedia on a single, scrollable page — Tyler Angert (@tylerangert) February 3, 2025 New York-based app developer Isaac Gemal stumbled across the discussion the following evening. Within two hours, WikiTok was live. If you’re the type to instinctively pull up Wikipedia to fact-check anything and everything, this app is made for you. W…

The challenge is formidable: Create an ad campaign that somehow shows a brand’s integral role in a pivotal moment of human history. But also, like, make it fun? When OpenAI’s ChatGPT hit 100 million users two months after its launch in November 2022, a UBS study declared it the fastest-growing consumer application in history. Now at upwards of 400 million users, ChatGPT might be the best-known consumer product to invest the least in advertising. Historic product awareness, zero brand awareness. For OpenAI chief marketing officer Kate Rouch, the Super Bowl was the perfect stage to start telling the world what the brand actually means. “Obviously, 130 mi…