All articles tagged with #company news
Amazon and Corning ink a multibillion-dollar agreement to supply optical fiber and connectivity for U.S. data centers, creating 1,000 new jobs at Corning’s North Carolina facilities, hundreds of construction roles, and a Fiber Optic Technician Training Program with Catawba Valley Community College, as part of Amazon’s broader North Carolina investment and efforts to strengthen the domestic supply chain.
OpenAI said it is amending its agreement with the Pentagon to make its principles clearer, including a clause that the Pentagon’s use of OpenAI services would not extend to intelligence agencies such as the NSA; any such use would require a follow-on contract modification, after OpenAI announced plans to deploy tech on the Defense Department's classified network.
Target’s newly appointed CEO Michael Fiddelke says the retailer has lost trust with both customers and employees and plans to rebuild that connection, noting past ambiguity about the company’s identity while steering a path through a sales slump and recent layoffs.
Citigroup plans a further round of layoffs in March after cutting about 1,000 roles this month, with senior managers across lines likely affected; the cuts are part of Jane Fraser’s ongoing turnaround to cut costs and boost profits, and Citi said headcount reductions will continue in 2026 as staffing aligns with current needs, with announcements expected after bonuses are paid.
Hasbro has decided to stop financing films based on its products, including the Transformers franchise, due to underperformance at the box office. The company, under CEO Chris Cocks, will instead focus on investing in video games, leveraging Cocks' background from Microsoft. This shift means that future Transformers films will rely on Paramount and producer Lorenzo di Bonaventura. Hasbro's strategy aims to engage fans through digital platforms, reflecting a broader trend towards gaming.
Dr. Jonathan P. Miller has been selected as the chair of Upstate's department of neurosurgery, effective September 1. Currently a professor at Case Western Reserve University, Dr. Miller specializes in movement disorders, epilepsy, chronic pain, peripheral nerve disorders, and neural engineering.