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warren buffett changes march madness challenge to offer million dollar prize
Warren Buffett has revamped his 2025 March Madness Challenge, now offering a $1 million prize for correctly predicting 30 of the first 32 games, a shift from the previous perfect bracket requirement. With around 65,000 Berkshire Hathaway employees participating last year, the new rules may attract even more entrants. If no one wins the million, a $250,000 prize will go to the best overall bracket.
Berkshire Hathaway cuts over 4000 jobs despite record operating profit
Berkshire Hathaway has cut over 4,000 jobs in the past year, reducing its workforce to approximately 392,000, despite anticipating a record annual operating profit. Notable job reductions occurred at Geico and Precision Castparts, reflecting adjustments to market conditions. The conglomerate, led by Warren Buffett since 1965, remains focused on long-term business ownership while adapting to changing priorities.
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