Meta is working on an AI-powered version of CEO Mark Zuckerberg to enhance communication within the company. The project, still in its early stages, aims to create a photorealistic AI character that can interact with employees. This AI is being designed to mirror Zuckerberg’s speech patterns, tone, and views on company strategy, with the goal of making employees feel a stronger connection to their CEO. Zuckerberg is directly involved in training the AI character, feeding it his cu

WASHINGTON — Carter’s, one of the most recognizable baby and children’s clothing retailers in the United States, has announced plans to close 150 stores and reduce its workforce by 15% as rising tariffs continue to pressure company finances. The Atlanta-based company outlined its restructuring strategy in its latest earnings report released Monday, citing significant cost increases tied to ongoing trade policies. The retailer said higher tariffs have had a substantial impact o

Andy Byron, the CEO of Boston-based AI and DataOps startup Astronomer, has resigned following the fallout from a viral video that showed him in a close embrace with Kristin Cabot, the company's Chief People Officer. The incident, which occurred during a Coldplay concert at Gillette Stadium on July 17, was captured on the venue’s kiss cam and broadcasted on the jumbotron, where the two were seen in an affectionate moment. Byron, who is married, quickl

Intel has confirmed that it will be laying off more than 5,000 employees across the United States this week, a significant increase from the initial estimate of 4,000 job cuts. This revision comes after the company filed updated reports under the Worker Adjustment and Retraining Notification (WARN) Act. The majority of the layoffs will occur in Oregon and California, with significant cuts in Intel's operations across these states. In California alone, the

Mumbai, July 11, 2025 — In a landmark announcement, Hindustan Unilever Ltd (HUL) has appointed Priya Nair as its new Chief Executive Officer and Managing Director, making her the first woman to lead the FMCG giant in its 92-year history. Her appointment becomes effective August 1, 2025, following the stepping down of Rohit Jawa on July 31, 2025. Currently the President, Beauty & Wellbeing at U

Linda Yaccarino has announced her resignation as CEO of X, the social media platform formerly known as Twitter. Her departure, made public on Wednesday, marks the end of a two-year tenure in which she led the company through one of the most transformative periods in its history. Yaccarino joined X in mid-2023, following a high-profile ownership change that redefined the platform’s direction. In a farewell message posted on the site, she expressed deep gratitude for the exper

Intel has begun a significant round of job cuts in California, with over 100 employees at its Santa Clara office impacted by the ongoing cost-cutting and restructuring plan led by CEO Lip-Bu Tan. The layoffs are set to begin on July 15, 2025, and are part of a broader workforce reduction strategy aimed at streamlining operations and reducing bureaucracy. Intel disclosed these layoffs in a filing under California’s WARN Act, which requires notification wh

Meta Platforms has announced Arun Srinivas as its new India Head, a move expected to strengthen the company’s position in one of its fastest-growing markets. The decision comes amid the surge in digital advertising in India and Meta’s expanding user base across its platforms like Facebook, Instagram, and WhatsApp. With a strong background in FMCG, tech, and private equity, Srinivas brings a blend of strategic vision and operational expertise to the

A tragic incident involving an Indian tech entrepreneur has shocked communities both in the United States and India. Harshavardhana S Kikkeri, 57, founder and CEO of the now-defunct robotics firm HoloWorld, allegedly shot and killed his wife and teenage son before dying by suicide at their home in Newcastle, Washington, on April 24. The incident is currently under investigation by the King County Sheriff's Office, and authorities are working to determine the motive behind this heartbreaki

The HSBC Hurun Global Indians List 2024 recognizes 226 Indian-origin leaders who are running 200 of the world’s most valuable companies, collectively worth an astounding $10 trillion. Among the leaders, Microsoft CEO Satya Nadella, Alphabet CEO Sundar Pichai, and Vedanta Chairman Anil Agarwal stand out, with Nadella taking the top spot. This list reflects a growing dominance of Indian-origin leadership in global business, particularly in the software and services sector, which accounts

Diageo India, the owner of popular brands like Johnnie Walker and Smirnoff, has appointed Praveen Someshwar as CEO-Designate, succeeding Hina Nagarajan, who has led the company for the last four years. Someshwar, currently the CEO and Managing Director of HT Media, brings extensive leadership experience, having worked with PepsiCo for 24 years across various roles in general management, finance, and strategy. Hina Nagarajan, the first woman to lead Diageo India, played a pivotal rol

Luigi Mangione, a 26-year-old Ivy League graduate, has been charged with the murder of UnitedHealthcare CEO Brian Thompson. Mangione, who was arrested in Pennsylvania, faces charges including first-degree murder, weapons possession, and forgery. He is expected to be extradited to New York. Educational Background Mangione graduated from the University of Pennsylvania in 2020 with a Bachelor’s and Master’s degree in engineering, majoring in com

Brian Thompson, the CEO of US-based UnitedHealthcare, was fatally shot outside the New York Hilton Midtown hotel on Wednesday morning. Thompson, 50, was walking toward the hotel to deliver a keynote address at an investor conference when a gunman ambushed him. Surveillance footage captured the suspect, a white male wearing a hooded jacket and a black mask, approaching Thompson from behind and firing several shots with a semi-automatic handgun fitted with a silencer. Thompson was str

The Appointments Committee of the Cabinet (ACC) has announced the appointment of Satish Kumar as the new Chairman and Chief Executive Officer (CEO) of the Indian Railway Board. Kumar's appointment comes as Jaya Verma Sinha, who has served as the Chairman and CEO since September of last year, is set to transition to a new role as an administrative member of the Central Administrative Tribunal (CAT). Kumar will take on his new responsibilities until his superannuation and may serve on a con