The Financial Times first reported the move Tuesday. Looney will be replaced on an interim basis by the company's chief financial officer.

The need to induce soft layoffs could be driven by recession threats and changes related to consumer spending, workplace experts told CNBC Make It. 

US, Vietnam upgrade ties as Biden visits in hedge against China

U.S. President Joe Biden and Indian Prime Minister Narendra Modi announced a plan to develop a network of railways and sea routes.

Survivors of Morocco's deadliest earthquake in more than six decades struggled to find food and water on Sunday.

Russia launched an air attack on Kyiv early on Sunday, with blasts ringing out across the Ukrainian capital.

"Anyone could be an entrepreneur," and you don't need your own business to be one. That's according to Dan Clays, the chief executive of Omnicom media group in the U.K.

She faced Aryna Sabalenka of Belarus in New York City for one of tennis' most prized trophies.

There were fears Delhi negotiators and diplomats might not be able to broker a consensus at this year's meeting due to Russian and Chinese objections on the reference to the ongoing war.

New fragments of a drone similar to those used by the Russian military were found on Romanian soil, the defence ministry said on Saturday.

Global leaders announced a multinational rail and ports deal linking the Middle East and South Asia on Saturday on the sidelines of the G20 summit in New Delhi.

Quality of life, bitcoin-friendly tax laws and a huge influx of expats have made Lisbon one of the crypto capitals of the world.

Virtual reality technology from Meta and other companies is finding its way into hospitals and medical schools even as it struggles to find consumer traction.

CNBC Pro used FactSet data to screen for the most overbought and oversold names in the S&P 500 based on their 14-day relative strength index, or RSI. 

Emergency workers looked for survivors in the rubble of buildings, their reflective yellow vests glowing in the dark.

Analysts say more policy support is needed to shore up consumer demand in the world's second-biggest economy.

The widely-anticipated move underscores India's wide-ranging agenda to elevate the global multilateral forum's focus on the Global South in its presidency of the G20 this year.

Cuban officials said a network is operating from Russia to recruit Cuban citizens living both in Russia and in Cuba to fight in Ukraine.

The remains of 1,104 victims, or 40% of those who died, still have not been found nearly 22 years after the attacks on the World Trade Center.

Cryptocurrency company Ripple on Friday it will acquire Fortress Trust, a startup specializing in crypto infrastructure.

The popularity of new diabetes and weight loss drugs have been bad news for diabetes device makers, but the news may not be all bad.

Apple is hoping that its new iPhones can bust a sales slump, fend off renewed competition from Huawei, and persuade owners of Android phones to switch.

An analysis found hotels in states Swift visited did notably better than the national average.

Soccer in Saudi Arabia has entered a new era — the era of having global superstars play on Saudi turf.

This Biden meeting is part of the dozen or so bilateral meetings Modi planned for this weekend, underscoring India's strategic ambitions as a key global player.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry....

Roblox's new updates include letting premium subscribers create and sell 3D goods, enabling users to make phone calls, and giving developers subscription tools.

Google has maintained that the government's case is "deeply flawed."

Attorney General Letitia James' office found that Trump's net worth in any given year between 2011 and 2021 was overstated by $1.9 billion to $3.6 billion.

The settlements would allow for "full resolution" of all opioid claims on behalf of U.S. states, local governments and Native American tribes, Kroger said.

U.S. Secretary of State Antony Blinken condemned Russia's "sham elections" in occupied areas of Ukraine.

European markets were mixed Friday after seven consecutive losing sessions.

Saudi clubs outspent four of the "big five" soccer leagues, the first time another league has outspent any members of the dominant European grouping since 2016.

The fight to secure a livable future for everyone on Earth requires much more urgent climate action, according to the findings of a major new UN report.

The BMW Vision Neue Klasse, Mercedes-Benz Concept CLA Class, Lucid Air Midnight Dream Edition and even a Lamborghini made of Lego pieces were on display at IAA Mobility.

European gas prices moved sharply higher on Friday as workers at Australian natural gas facilities went on strike.

Spanish state prosecutors have accused Luis Rubiales of sexual assault and coercion for kissing a player on the lips without her consent.

The challenges faced by the Asia region, as well as the world, are "immense," said the Asian Development Bank.