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The Biggest Companies Across America Are Cutting Their Workforces

3 months ago
U.S. public companies have cut their white-collar workforces by 3.5% over the past three years, marking a fundamental shift in corporate philosophy that views fewer employees as a path to faster growth. One in five S&P 500 companies now employ fewer people than they did a decade ago, according to employment data-provider Live Data Technologies. The reductions extend beyond typical cost-cutting measures and coincide with record corporate profits at the end of last year. Amazon CEO Andy Jassy told employees Tuesday that AI will eliminate certain jobs in coming years, while Procter & Gamble announced plans to cut 7,000 positions to create "broader roles and smaller teams." Bank of America reduced its workforce from 285,000 in 2010 to 213,000 today while revenues climbed 18% over the past decade. Managers have faced particularly steep cuts, with their ranks falling 6.1% between May 2022 and May 2025. Companies are flattening organizational structures and pushing remaining employees to handle larger workloads as executives track revenue per employee more closely.

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DC Studios Chief Says Movie Industry Is 'Dying,' Claims Disney 'Killed' Marvel With Output Mandates

3 months ago
DC Studios co-head James Gunn argues that the movie industry is "dying" primarily because productions begin before screenplays are complete, while also delivering a sharp critique of his former employer Marvel Studios, which he claims Disney has "killed" through output mandates. Gunn dismissed common explanations for Hollywood's struggles like declining theater attendance or improved home viewing experiences, telling Rolling Stone that "the number one reason is because people are making movies without a finished screenplay." The filmmaker has implemented a strict rule at DC Studios requiring finished scripts before production starts, recently scrapping a project because its screenplay wasn't ready. The director, who previously helmed three "Guardians of the Galaxy" films for Marvel, said Disney's corporate directive to increase output destroyed the studio's creative process. "They were under a corporate mandate, yeah. That wasn't fair. It wasn't right. And it killed them," Gunn said, referring to Marvel's mandated production quotas for movies and television shows. By contrast, Gunn said DC Studios operates without numerical mandates. "We don't have the mandate to have a certain amount of movies and TV shows every year. So we're going to put out everything that we think is of the highest quality," he explained.

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