The 'CBS Saturday Morning' anchor was previously ousted from his 'CBS Evening News' position by Norah O'Donnell.

Co-CEOs George Cheeks, Brian Robbins and Chris McCarthy tell staff that after Tuesday, 90 percent of the company's layoffs ...

Paramount (NASDAQ:PARA) said Tuesday it will undergo "phase two” of its planned workforce reductions it kicked off last month ...

The bloodbath at Paramount Global continued as the struggling media giant kicked off a second round of layoffs in its ...

The Fed’s move to lower interest rates by 50 basis points puts the U.S. economy on track for a soft landing, according to ...

After a two-year-long high, interest rates are coming back to earth. So what happens next? Plus: Boeing's woes, UAW may ...

CEO Kelly Ortberg says he will take a pay cut; credit-ratings firms have warned of a downgrade. OpenAI CEO Sam Altman says customer data won't be used to train its base AI models.

Game hiring was starting to look like it was getting better in the second half of the year. But now it looks like hiring has ...

The job cuts, he noted, would help ensure that Microsoft's support teams are better positioned to scale and meet the growing needs of its studios. Impact on U.S. and international employees The ...

Xbox employees had been bracing themselves for further reductions after Microsoft cut 1,900 jobs, many from Activision units and studios, in January. In May, the company announced the shuttering ...

"GameStop's disappointing [second-quarter] results underscore ongoing challenges to the company's retail business model," Baird analyst Colin Sebastian wrote in a note released Wednesday. "Moreover, ...

Microsoft stock is down slightly after announcing another round of layoffs in its Xbox gaming division. Here's what you need to know.