Microsoft eyes another wave of layoffs that could hit 5,000 workers next week ^58.2%

Fox Business - By Bonny Chu - 7/2/2026, 10:34 PM

Appeal to Authority 44.9% - Unattributed Quote 34.2% - Recency Bias 27.4%

Microsoft is expected to lay off up to 2.5% of its workforce as early as next week. The cuts, which could affect 5,000 employees, may impact sales, consulting and the Xbox gaming unit, according to a report from Business Insider Tuesday. The layoffs would mark the latest round of restructuring in the tech sector as companies continue to... more

Saks emerges from bankruptcy with a new name and a leaner store footprint ^26.8%

FOXBusiness - By Eric Revell - 6/29/2026, 7:17 PM

Post Hoc (False Cause) 42.1% - Framing Effect 21.6% - Optimism Bias 18.1%

Luxury retailer Saks Global on Friday announced it will operate with a new name after it exited bankruptcy after cutting its store count and reducing its debt obligations. The company – which is the parent of notable retail brands including Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman – will operate under the new name Exemplar... more

Epic Games lays off more than 1,000 amid slowing Fortnite engagement ^57.4%

AP News - By Barbara Ortutay - 3/24/2026, 5:40 PM

Fortnite publisher Epic Games said Tuesday it is laying off 1,000 employees to save money as it grapples with industry-wide and company-specific challenges. The Cary, North Carolina-based video game publisher said in a memo to employees that the job cuts are not related to artificial intelligence. Rather, they stem from industry-wide... more