Business

PayPal eyes 20% job cuts as profit falls, outlook weakens

PayPal is reportedly weighing cuts of up to 20% of its workforce as the payments giant ramps up cost-cutting efforts under new leadership. The potential layoffs come as PayPal faces mounting pressure on profitability despite continued revenue growth.FOX Business reached out to PayPal for comment. Bloomberg and The Wall Street…

How you can get a slice of Apple’s 0M iPhone settlement

Apple has agreed to a $250 million settlement to resolve claims it misled consumers about artificial intelligence features tied to its latest iPhones, according to a federal court filing. The proposed deal, filed in the U.S. District Court for the Northern District of California, would create a non-reversionary settlement fund…

Burlington to open over two dozen new stores across country in May

Discount retailer Burlington is planning to open more than two dozen stores in 20 states this month as the company continues to expand its footprint with over 1,000 locations around the country. The company in March said that it planned to open 110 net new stores, plus a new distribution…

Disney CEO unveils entertainment giant’s new 3-pillar growth plan

New Disney CEO Josh D’Amaro outlined a new growth strategy for the entertainment giant as the company announced its quarterly results, which includes a focus on investing in content as well as technology. D’Amaro, who succeeded former Disney CEO Bob Iger in mid-March, said in a letter to shareholders that…

Subway closed over 700 US stores as franchise model faces strain

Subway is shrinking again – and the reason matters beyond sandwiches. The chain closed a net 729 U.S. locations in 2025 – its steepest drop in years – according to a new franchise filing reviewed by FOX Business. The total number of restaurants has now fallen to fewer than 19,000,…