Emory Odom

PwC LLP will lay off 1,800 U.S. employees as the firm restructures its advisory practice and shifts its in-house technology developers to work more closely with core service lines. This reduction, affecting about 2.4% it’s U.S. workforce, was announced in a memo by Senior Partner Paul Griggs. Employees in tax, assurance, and off-shore offices will also be affected, with layoff notices expected in October.

Texas Attorney General Ken Paxton has taken legal action against General Motors (NYSE: GM), accusing the company of engaging in false, deceptive, and misleading business practices related to the unlawful collection and sale of private driving data from over 1.5 million Texans. The lawsuit brings to light significant concerns about data privacy, particularly in the context of modern vehicle technology.

Orion (NYSE: OEC), a global player in the special chemicals industry, recently reported a significant financial loss due to a fraudulent scheme. The incident, which resulted in the loss of approximately $60 million, underscores the vulnerability of even the most robust organizations to targeted security and financial attacks. Orion S.A.’s troubles began when a hacker targeted one of its employees, leading to a series of unauthorized wire transfers.