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BIZARRE: 19 - You Need To See This

Coinbase's Brian Armstrong replacing 'pure managers' with 'player-coaches' is another sign the org chart is changing in a big way

A landmark KPMG index finds boards demanding transformation, execs spending billions on tech, and the people caught in the middle burning out.

Fortune

Gen Alpha is using makeup to pass age verification tech online: one mom caught her son using an eyebrow pencil

The youth are no longer wearing makeup to sneak into the newest bar: they're drawing on mustaches to get into the next hottest club, the Internet.

Fortune

ServiceNow just unveiled an AI workforce that can run your entire company: 'Enterprises need AI that senses, decides, and securely acts'

It's already doing it at Honeywell, Docusign and the city of Raleigh.

Fortune

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Economists have found an answer to slowing cognitive decline: avoid retiring early, study finds

“We should really think about the potential consequences of a really large-scale decline in employment,” UC Irvine economist David Neumark told Fortune.

Fortune

Coinbase didn't just lay off 14% of its staff due to AI. It replaced managers with ‘player-coaches’ and turned its org chart upside down

“We are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate,” CEO Brian Armstrong said.

Fortune

Google DeepMind workers in the U.K. vote to unionize over military AI contracts amid internal backlash over its Pentagon deal

London-based employees are demanding that Google walk back its Pentagon deal, but the power workers once had to kill such contracts has eroded significantly.

Fortune

Gen Z workers think showing up 10 minutes late to work is as good as being on time

No wonder bosses say Gen Z are hard to manage: While 70% of baby boomers have zero tolerance for any level of tardiness, in Gen Z’s eyes, 10 minutes late is right on time.

Fortune

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Exclusive: Nova Intelligence raises $31.5 million to bring agentic AI to SAP’s $89 billion migration wave

A DeepMind engineer saw an opening in SAP's aging code. Investors are calling it a $40 million bet

Fortune

Exclusive: AI startup Vori raises $22 million to help grocery stores compete with Walmart and Amazon

With $500 million already processed through its platform, Vori is scaling fast as it targets underserved grocery operators.

Fortune

Solana firm Jito launches a consumer trading app months after raising $50 million

Jito has over $100 million in cash on hand, CEO Lucas Bruder told Fortune

Fortune

'Did we learn nothing?' Synchrony is hybrid, the Best Company to Work For, and puzzled by the return-to-office push

Brian Doubles, Synchrony CEO since 2021, told Fortune that "it takes years to earn trust, but you can lose it in seconds."

Fortune

A jittery CEO crowd at Milken looks abroad for growth—and answers

Also: All the news and watercooler chat from Fortune.

Fortune

Starbucks CEO gets roasted for $9 'premium experience' remarks, but Wall Street toasts his tariff-era turnaround strategy

Brian Niccol pitched a $9 cup of coffee as an affordable luxury that people don't mind "splurging" on. The internet didn't agree.

Fortune

BofA throws cold water on AI apocalypse panic: 60% of today's jobs didn't exist in 1940

AI will reshape 840 million jobs, BofA says. That’s not the same as destroying them.

Fortune

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Anthropic takes shot at consulting industry in joint venture with Wall Street giants

The enterprise services firm with Blackstone, Goldman Sachs and Hellman & Friedman puts Anthropic in direct competition with McKinsey and the like.

Fortune

The crypto industry is obsessed with conferences. The vibe at them is changing

There’s a new tone in the industry ahead of the Fortune Crypto 100, which will drop on June 11.

Fortune

Spirit Airlines’ shutdown is a case study in what happens when a turnaround plan breaks

Capital-intensive businesses need restructuring plans built for shocks, not just recovery.

Fortune

How Twilio CEO Khozema Shipchandler is turning the company around and beating SaaSpocalypse fears

Also: All the news and watercooler chat from Fortune.

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Fortune

Google’s AI deal with the Pentagon has sparked employee backlash. But don't expect a repeat of Project Maven

Google's agreement with the Pentagon may be the most permissive yet among major AI firms.

Fortune

A decade after the ‘Godfather of AI’ said radiologists were obsolete, their salaries are up to $571K and demand is growing fast

"As long as AI doesn't make this quantum leap of becoming sort of AGI,” most jobs are going to be reasonably safe, said one economist.

Fortune

He started as a part-time Starbucks barista at 17. Now he's an exec designing the menu

Sam Henderson's advice to Gen Z? Don't ignore opportunities in hospitality.

Fortune

America's twin scarcities: The 4-million-unit shortage in both housing and childcare is breaking families

America's housing and childcare shortages are converging into a single affordability crisis with major macroeconomic consequences.

Fortune

Sam Altman says the quiet part out loud, confirming some companies are ‘AI washing’ by blaming unrelated layoffs on the technology

Some economists are warning there’s no sign of AI-related job displacement appearing in the labor data. Altman claimed it’s just a matter of time until it does.

Fortune

Trump wants to cut federal loans from college programs that don't pay off. College cosmetology, fine arts, and music programs are at risk

As student debt surpasses $1.7 trillion, a Trump-backed rule would strip federal aid from degree and certificate programs with weak earnings outcomes.

Fortune

Zoom is giving away $150K to 'solopreneurs' with no strings attached—as 33 million workers ditch their 9-to-5 to become their own boss

As AI kills the American dream of a stable job and a corner office, 33 million people are going solo—and Zoom is throwing $150,000 behind the movement.

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