Multiple reports this week revealed that General Motors is cutting hundreds of jobs in its IT department—but not with the intent to replace them outright with AI. The layoffs are reportedly impacting about 600 employees, or about 10% of the IT team, and the job cuts are partly designed to allow the company to bring on new employees with specific AI skills. General Motors has confirmed the layoffs and suggested they were part of a broader change to its IT operations. “GM is transforming its Information Technology organization to better position the company for the future,” a company spokesperson said…
Author: Staff Writer
Standing behind a downtown bar, Evan Duke smiled when he thought about no longer paying federal income tax on the hundreds of dollars in tips he earns on a busy night pouring beers and mixing drinks.But the 30-year-old said he cannot afford health insurance and worries about how higher costs for rent, food and fuel are affecting him and the patrons who slip cash into the jar at Pearl & Peril.“It’s kind of messy right now,” Duke said.Duke’s dilemma is an economic microcosm of Donald Trump’s second presidency. Although the Republican president has tried to put more money in middle-class…
Americans paid more for their groceries last month, but high gasoline prices resulting from the Iran war were only one of the reasons why.Prices for food eaten at home rose 2.9% in April compared to the same month a year earlier, according to government figures released Tuesday. That was the highest year-over-year inflation rate for the category since August 2023.Prices at restaurants, fast-food chains and other places to get prepared meals also increased, putting overall food prices up 3.2% in the last year, the Labor Department’s consumer price index showed.Fuel prices have soared while the Iran war prevents cargo ships…
Retail giant Walmart Inc has confirmed that it will eliminate some jobs. However, the affected positions will not impact the company’s retail staff, which makes up the overwhelming majority of its 1.6 million-strong U.S. workforce. Here’s what you need to know about Walmart’s latest round of layoffs. What’s happened? On Tuesday, the Wall Street Journal reported that Walmart would lay off or relocate around 1,000 members of its corporate workforce, citing people familiar with the situation. Walmart has now confirmed to Fast Company that it is eliminating some roles, without specifying the exact number of positions to be cut. A…
Opinions expressed by Entrepreneur contributors are their own. Key Takeaways The global skills gap carries a projected cost in the trillions, driven by product delays, quality failures, and unrealized revenue across industries. AI career tools, from resume optimizers to credential-stacking platforms, are filling a preparation gap that most universities have been slow to close. Workers who can demonstrate AI competency command significantly higher wages than peers in comparable roles without those skills. Technology alone isn’t enough. The strongest career outcomes pair AI tools with structured human mentorship. In 2014, which feels like the Stone Age now, a fixed-income desk I…
Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Mentoring sharpens leadership by forcing founders to explain and refine the “why” behind their decisions, leading to clearer thinking and better judgment. Investing in young people helped me stay adaptable and people-focused Entrepreneurs are always looking for leverage. We look for the strategy that unlocks growth, the hire that changes a company’s trajectory, or the system that makes the business run better. Most of us assume the next breakthrough will come from somewhere inside the company.For a long time, I believed that too. Then one of the most meaningful shifts…
Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Authenticity isn’t established through branding statements — it’s built through repeated encounters that allow people to determine whether a brand’s presence and behavior hold together in a believable way. When a brand’s digital and physical experiences feel mismatched, customers notice. The underlying logic and principles should stay consistent across environments. Structure is what makes authenticity sustainable. Without a system that defines how a brand behaves, each new expression of the brand becomes an interpretation rather than an extension of a core identity. Authenticity is often framed as something a brand…
QUESTION: Mr. Armstrong, your computer forecast the collapse of Russia. You even forecast a war would begin in Ukraine. Your computer did the same in Romania and Syria. You even forecast that this war with Iran would not be quick but drawn out. The word is you know the Middle East because you have been there for decades and you managed money for the counter-revolutionary movement in Iran. You have said you were called in by the central bank of Lebanon. They say you attended OPEC meetings and managed money for Kaddafi. In London I was told you taught the…
Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Consumers are now using AI tools to research, compare and narrow options before they ever visit a retailer’s website. Purchase decisions are often being made during the AI conversation itself, not on the checkout page. Have you noticed how the moment of choice for customers has evolved over the years? Traditionally, the journey began with a Google search, followed by a visit to a retail website where consumers explored products and made purchasing decisions. Today, much of that process is being delegated to artificial intelligence.Instead of browsing categories, consumers are…
The decision by Taiwan to deploy U.S.-supplied HIMARS missile systems to islands sitting directly off the coast of China is one of the most dangerous escalations we have seen in the region so far. These launch systems are reportedly being positioned less than 30 miles from the Chinese mainland in an effort to create what officials are calling a defensive “dead zone.” The HIMARS systems are capable of launching ATACMS tactical missiles with ranges approaching 300 kilometers, meaning they could strike military bases, logistics hubs, naval staging areas, and infrastructure deep along China’s southeastern coast within minutes. Some reports estimate…