The job cuts made headlines. But the bigger story is what's funding them.

ISSAQUAH, WA – Reetail giant Costco Wholesale Corp is setting up its first technology center in India, to be located in Hyderabad, according to sources familiar with the plans who spoke to Reuters.

Eliana Jordan left office life, became a scuba instructor, and later taught herself to code to build something of her own.

Nearly 40 companies have laid off employees so far in 2026, continuing the trend of significant workforce reductions across a broad range of industries, including tech, media, finance, and retail.