The U.S. equity landscape moved sharply on Thursday as the Nasdaq Composite (COMP: 22,959.62, –446.84, –1.91%) extended its multi-day slide, marking its third consecutive...
Key Points:
Roughly 20% of October layoff announcements were attributed to artificial intelligence (AI) alone. Overall, cost-cutting drove 33% of all layoff announcements.
Interestingly, businesses are...
