Microsoft Voluntary Buyouts 2026: 60,000 Staff Eligible

Business & Financial News

Microsoft Offers Voluntary Buyouts to 60,000 Employees as AI Investment Reshapes the Tech Workforce

Microsoft is offering voluntary exit packages to approximately 60,000 employees as it expands investment in artificial intelligence. Following earlier job cuts, the decision raises important questions about workforce restructuring, corporate priorities and what technology professionals can expect from the changing employment landscape.

October 29, 2026 No Comments

Anthropic 80 Billion Loss: Why Claude's Revenue Boom Isn't Enough

Tech Updates

Claude Is Making Billions. So Why Did Anthropic Report an $80 Billion Loss?

Anthropic reportedly lost US$80.7 billion during the first half of 2026 despite extraordinary revenue growth. But most of that loss was an accounting adjustment, not money spent operating Claude. The bigger financial question lies in computing costs, future commitments and whether rapid AI growth can become sustainable profit.

October 23, 2026 No Comments

Tech Updates

AI Agents Accessing Bank Accounts: Did They Really Go Rogue?

Major US banks are restricting AI assistants that access customer accounts using personal login credentials. At the same time, a separate internet security emergency has caused temporary website shutdowns. Here is what is confirmed, what remains uncertain and why the distinction matters.

October 23, 2026 No Comments

HSBC Sri Lanka Service Centre Exit: What Is Changing Behind the Decision?

Biz Analysis

HSBC’s Sri Lanka Service Centre Exit: What Is Changing Behind the Decision?

HSBC’s reported decision to close its Sri Lankan global service centre after more than two decades comes as the bank simplifies its international operations and embraces AI. The development raises important questions about scale, competitiveness and the future of Sri Lanka’s business services industry.

October 22, 2026 No Comments

Business & Financial News

Sri Lanka’s Debt Position: What It Means for Business, Investment, and Economic Stability

Sri Lanka’s debt profile remains one of the most defining factors shaping its macroeconomic outlook, corporate environment, and investor confidence. Recent reviews and data released

December 30, 2025 No Comments

Business & Financial News

Sierra Cables PLC – Becoming a Powerhouse of Growth While Expanding a Global Market Footprint

Harsha Jayatunga – Executive Director / CEO – Sierra Cables PLC Reflecting an upward trend of growth and consolidation, Sierra Cables PLC has posted a

December 29, 2025 No Comments

Business & Financial News

IMF Warns Sri Lanka’s Economic Gains Still Vulnerable: Supportive but Firm on Discipline

Sri Lanka’s pathway out of its historic economic crisis has faced a new test in the aftermath of Cyclone Ditwah. While the International Monetary Fund

December 22, 2025 No Comments

Business & Financial News

LB Finance’s Entry into the Philippines: A Strategic Leap in Regional Financial Expansion

Sri Lanka’s LB Finance PLC, one of the country’s most prominent non-bank financial institutions (NBFIs), has received regulatory approval from the Central Bank of Sri

December 19, 2025 No Comments

Are Scam Networks Exposing Sri Lanka’s Digital-Governance Gap?

Business & Financial News

SEC Turns Scammer’s Pitch into Evidence: Investor Protection and the Rising Threat of Fraudulent Calls

Investor protection in Sri Lanka has entered a new phase. The Securities and Exchange Commission of Sri Lanka (SEC) has not only warned against fraudulent

December 11, 2025 No Comments

Business & Financial News

Odel Mall Recast: How Financial Pressure and Market Shifts Turned Luxury Apartments into Office Space

Based on reports from the Daily Mirror (Link), we developed this analysis to examine how Odel’s Ward Place project has shifted from luxury apartments to

December 9, 2025 No Comments

Category: Business & Financial News

Microsoft Offers Voluntary Buyouts to 60,000 Employees as AI Investment Reshapes the Tech Workforce

Claude Is Making Billions. So Why Did Anthropic Report an $80 Billion Loss?

AI Agents Accessing Bank Accounts: Did They Really Go Rogue?

HSBC’s Sri Lanka Service Centre Exit: What Is Changing Behind the Decision?

Sri Lanka’s Debt Position: What It Means for Business, Investment, and Economic Stability

Sierra Cables PLC – Becoming a Powerhouse of Growth While Expanding a Global Market Footprint

IMF Warns Sri Lanka’s Economic Gains Still Vulnerable: Supportive but Firm on Discipline

LB Finance’s Entry into the Philippines: A Strategic Leap in Regional Financial Expansion

SEC Turns Scammer’s Pitch into Evidence: Investor Protection and the Rising Threat of Fraudulent Calls

Odel Mall Recast: How Financial Pressure and Market Shifts Turned Luxury Apartments into Office Space

Google Unveils Gemini 4 Carbon With Major Cybersecurity Advances as AI Competition Intensifies

Sri Lanka Capital Market Must Play Greater Role in Sustainable Economic Growth, SEC Chairman Says

Global Wellness Summit 2026: Phuket Prepares to Shape the Next Era of the $6.8 Trillion Wellness Industry

Microsoft Offers Voluntary Buyouts to 60,000 Employees as AI Investment Reshapes the Tech Workforce

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