Petersburg Post Home

The Petersburg Post



US   BUSINESS  
20,000 job cuts at Meta, Microsoft raise concern that AI-driven labor crisis is here
- Layoffs in the tech industry are increasing as companies that are spending the most on AI infrastructure are simultaneously cutting thousands of jobs. Meta said on Thursday that it's cutting 10% of its workforce, just as Microsoft announced that it's offering employee buyouts for the first time in its 51-year history. "This represents a fundamental structural shift rather than a temporary market correction," said ...

Source: cnbc.com
BUSINESS  
Tariffs Raised Consumers' Prices, but the Refunds Go Only to Businesses
- By WASHINGTON -- You probably won't receive a huge tariff refund. The largest businesses stand to reap the biggest bucks as the Trump administration begins to return more than $166 billion in duties deemed illegal by the Supreme Court. Even though President Donald Trump's trade policies have led to higher prices for companies and consumers, many families aren't in line to benefit directly from the coming refund ...

Source: miamiherald.com
DIGITAL   BUSINESS   TECHNOLOGY  
Apple stops weirdly storing data that let cops spy on Signal chats
- Signal "very happy" Apple fixed bug storing private chats after app was deleted. Apple fixed a security bug that made it possible for cops to access content from deleted Signal messages. Vulnerable users hoping to evade law enforcement surveillance often use encrypted apps like Signal to communicate sensitive information. That's why users felt blindsided when 404 Media reported that Apple was unexpectedly storing ...

Source: arstechnica.com