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Passengers living on a round-the-world cruise were given 8 hours to pack up their lives and leave the ship in Cambodia

28 October 2026 at 22:16
Passengers leaving the Villa Vie Residences' cruise ship Odyssey.
Passengers were photographed disembarking the Villa Vie Odyssey after being asked to leave on Tuesday.

AFP via Getty Images

  • Passengers on an abruptly halted round-the-world cruise say they were given just hours to disembark.
  • "We are heartbroken," said one couple who lived aboard the Villa Vie Odyssey for two years.
  • A fresh cash infusion fell apart last week, the company's executive chairman said. "I feel awful."

Passengers on a live-aboard round-the-world cruise say they were abruptly asked to leave the ship and given only hours to disembark.

Villa Vie Residences, which operates the residential cruise ship Villa Vie Odyssey, said on Tuesday it had halted operations due to surging fuel costs.

The ship was docked at the port of Sihanoukville in Cambodia when the announcement was made, with passengers saying they were given only eight hours to disembark.

"On October 27, 2026, we received notice from the CEO at around 6 a.m. that all residents had to disembark by 2 p.m. that day," passengers Lanette Canen and Johan Bodin told Business Insider by email.

Canen and Bodin have been on the Odyssey since it first set sail in September 2024 and run a YouTube channel called Living Life on a Cruise about their experiences on board.

"We knew leaving was a possibility, but the eight-hour notice still surprised us," they said.

The couple shared a video on their YouTube channel that appears to show the moment a staff member announced that passengers must leave the ship.

"Unfortunately, they were unable to secure the fuel necessary to continue operations," a male voice says in the video.

A notice on the Villa Vie Residences website says the company is working with residents to arrange temporary living arrangements and that it is evaluating restructuring options over the next 60 days.

Mikael Petterson, executive chairman of Villa Vie Residences, told Business Insider he understood residents' feelings of shock and sadness.

"I get it. I get it. I feel awful," he said in a phone interview. "They're counting on me to make the decisions here and there's nothing else I'm focused on. I'm the villain in the story, but I'm doing everything I can to support the residents on a solution forward."

Petterson said that until last week, he was in talks with a potential investor and was expecting a new infusion of cash. When the deal fell apart, he said, the company was out of options.

Villa Vie Residences Chief Executive Kathy Villalba didn't immediately respond to requests for comment.

Soaring fuel costs

Two people approach the front doors of a hotel in Sihanoukville, Cambodia.
Two Villa Vie Residences' Odyssey passengers were photographed walking into a hotel in Sihanoukville.

TANG CHHIN Sothy / AFP via Getty Images

Villa Vie Residences said in a statement Tuesday that the surging cost of fuel since the beginning of the Iran war had made operating the cruise liner increasingly difficult.

The company said its monthly fuel expenses per cabin, which had previously averaged about $1,800, had risen as much as 344% in parts of Asia, to an estimated $6,000 to $8,000.

"Since the conflict began in late February, we have taken significant steps to reduce fuel consumption, including slowing the itinerary and spending more time in port," Villa Vie Residences said.

"Those measures have not been enough to offset the extraordinary increase in fuel costs, and we have been unable to continue carrying the resulting operating losses."

On August 1, Villalba, the CEO, sent residents a message titled "Urgent operational update" on an internal messaging platform. In the message, she referenced a "fuel contribution" that had been previously requested of residents. Business Insider has viewed a screenshot of the message.

"When the fuel contribution was requested several months ago, participation was not universal," she wrote in the message. "The contributions received helped some, but they covered only part of the extraordinary increase in fuel costs."

Villalba wrote that the "cash-flow" challenge had continued, and the Odyssey needed 650 metric tons of fuel, adding that fuel prices had almost doubled.

"We have now reached a critical point. The lack of full participation, combined with the unprecedented increase in fuel costs, means we must make immediate and creative operational decisions to preserve the voyage," her message said.

It continued, "We are asking every Resident who did not previously contribute to please do so now. We are also asking those who are able to provide additional support to consider helping with this immediate fuel requirement."

Villalba described the financial need as "real, immediate, and necessary to keep Odyssey moving." It went on, "This is a moment when preserving our home and continuing the voyage requires support beyond contractual minimums from those who are able to provide it."

Residents scrambled to leave their cabins

Among the passengers asked to disembark on Tuesday with only a few hours' notice was Barbara Fiegel, 62, who has lived with her partner aboard the ship since December 2024.

"Everybody's just shocked, everybody's just saddened by this whole issue," she said. "We're still processing, trying to debate what we're going to do."

Fiegel said she and her partner booked a hotel room in Cambodia, then returned to the ship Tuesday evening and Wednesday afternoon to empty their safe and pack their belongings. "Today, as we approached, as we went back on the shuttle back to the ship, I couldn't stop crying," she said.

They plan to return on Thursday to collect their remaining items. Fiegel described the atmosphere on the Odyssey as a “ghost town.”

Joel Greiff, 57, moved aboard the ship at the start of the month and planned to live on the ship for 10 or 20 years or more. “I don’t think that will be happening,” he said.

When residents were told to disembark, Greiff emptied his cabin. “I personally grabbed everything,” he said.

He said he would like to return if Villa Vie Residences resumes operations. If not, he is planning to move to Thailand. In the meantime, he has rented an apartment in Cambodia for a month.

Greiff said he plans to return to the Odyssey on Thursday to assist other residents and “help with their luggage, help them find a place, and just start getting them and all their stuff off the ship.”

Jacob Shamsian contributed to this story.

Have you spent any time on the Villa Vie Odyssey as a cabin owner, renter, or staff member? If you have a story to share, get in touch with this reporter: jzitser@businessinsider.com.

Correction: October 28, 2026 — An earlier version of this story misspelled Johan Bodin's name.

Read the original article on Business Insider

I'm the ex-VP of HR at Microsoft. Here's what the 60,000 employees mulling a buyout may not realize.

28 October 2026 at 17:33
Chris Williams, leadership consultant, headshot.
Chris Williams

Chris Williams

  • Microsoft is offering buyouts to around 60,000 employees.
  • Chris Williams, former Microsoft VP of HR, said waiting for a better offer may or may not backfire.
  • He shared what employees who are offered a buyout should consider and what they may not realize.

Microsoft is offering buyout packages to some 60,000 employees, or more than 25% of the workforce. That's a huge number in any terms, and it sent a signal and shock wave through the industry this week.

I'm the former VP of HR for Microsoft, and although I've been away from the company for some time and have no insider information, having been on the inside at Microsoft and in the industry for 50 years, here is what Microsoft employees should be considering — and what they may not realize about taking a buyout offer.

Your buyout offer may or may not be the best offer you get

During a buyout, position, tenure, level, and other factors are taken into account for each bespoke offer. The offer is likely to include compensation, benefit continuation, and possibly some acceleration or continuation of equity vesting.

That said, Microsoft might not offer more generous buyouts than severance packages, but companies usually offer better terms to people who take a voluntary separation than people who get laid off. That is not only to induce employees to go voluntarily, but also because the costs to the company are less if these workers voluntarily leave. There is less legal risk, time, and expense. It's also simply easier for the company to manage.

If you're offered a buyout, I usually find it could be the best offer you'll get. If it's not, you could be settling for the same offer as someone in a layoff and miss out on collecting unemployment.

A buyout can force some very hard career choices

If you get a buyout offer, looking at your budget should be your next step. Does the offer provide you with enough to retire? Enough to support an extended job search? The buyout can be a good forcing function for some very hard career choices.

Spend time looking at your cash flows, and pay particular attention to benefits. For many, healthcare costs are a substantial part of their budget. Weighing the buyout offer against continued coverage is often a tipping point in the decision.

Also consider any equity vesting dates you may have. Compare when you might vest with and without the offer, as those dates can mean a significant change in your investments. Whether you should take the buyout is highly dependent on both the offer and your situation. If you had retirement anywhere in sight, this offer might be just the trigger you need to move on. Perhaps the best offer you'll ever see.

However, if you need to continue working, there's a great deal more to consider.

Taking a buyout can give you a head start in a tough job market

The tech industry job market has been rough for the last year or so, and shows all the signs of getting worse. If the buyout doesn't afford you the ability to retire, you should plan on an extended period of job searching, maybe six months or more. It's tough out there. Be prepared.

One thing to consider if you need to continue working is that taking the buyout might give you a short head start in the job market. Assuming Microsoft and others follow this up with more layoffs like they did the last time, the technical job market will be flooded with quality people. Of course, you can search for a job while you have one, but taking the buyout gives you time for a full-time job search.

In any case, if a job search is in your future, don't delay. This market shows no sign of getting better.

Finally, if you're offered a buyout, don't ignore it. It's a sign. I'd read it as a clear signal from the company about your value, at least from their perspective. You can bet on the odds, but if follow-up layoffs happen, I'd bet that those who declined the buyout are somewhere on that list.

Buyout or not, some things to do

This buyout is the latest signal of a broad realignment of the job market, at least in the tech sector. Even if you aren't offered it or don't think you're at risk of later layoffs, you'd be wise to keep all your options open.

Get your résumé up to date. Spend time honing it, emphasizing the clearest set of skills you can. When a market is contracting, the safest bet is having a particular skill someone is looking for. When times are tight, the generalist is often the first person let go.

Work with and expand your network. Have coffee or a Zoom chat with everyone you know. Peers in other companies, even other industries, are invaluable when things get tough. Especially when the world is changing, and predicting the next hot spot is so hard, having as many warm connections across industries is a huge asset.

Don't go asking for jobs as much as keep those connections alive. You never know when someone's manager will say, "We need someone like that." And your friend can say, "I know just the person."

Whether you are offered a buyout, or whether you decide to take it or not, having a network of people to connect with is your single biggest career asset.

What to do if you get a buyout offer

Budget first, and outreach next.

Carefully decide your near- and long-term financial future, and make the decision from hard facts. Then connect with people you know across industries, far and wide. Those connections will be excellent sounding boards and could well provide the path to your next role, or the friends you need in retirement.

When contacted about this story, a Microsoft spokesperson pointed Business Insider to its statement on the official Microsoft Blog, which read in part, "Today, we're introducing a new Voluntary Exit Offer (VEO) to eligible employees within participating organizations." They added that "the VEO is similar to a standard severance offer, which varies by market. The offer includes payment based on completed service and base pay, as well as career transition services, which includes career coaching and job search assistance."

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Why it’s so hard to think effectively about the future

28 October 2026 at 13:31
Just about every decision made in business seems to rely on an accurate understanding of the future state of the world. How will the market respond to our upcoming launch? What products will our competitors release next year? How will the industry be affected by technological innovation, economic downturns, and regulatory changes? How will this employee perform in a position, and how will that one advance within the company?

McDonald's surprise exit from the FIFA World Cup shows how big brands are rethinking sports sponsorships

28 October 2026 at 10:30
McDonald's World Cup
McDonald's is exiting the World Cup.

Patrick Smith - FIFA/FIFA via Getty Images

McDonald's is exiting the playing field.

The fast-food giant's surprise decision to end its 32-year run as a FIFA World Cup sponsor shows how major global brands are reassessing the cost, clutter, and commercial return of sports' biggest properties.

McDonald's ran its largest-ever World Cup marketing push during this summer's tournament, and McDonald's CFO Ian Borden said on an August earnings call that the effort "underperformed versus our expectations."

The company said last week that it had decided not to renew its current deal, which is due to end this year. It also indicated to FIFA that it isn't looking to invest in next year's Women's World Cup, according to a person familiar with the matter.

Sports sponsorship is seen as a way for brands to tap into huge, live global audiences and associate themselves with the feel-good factor of athletes' achievements. Management consultancy Kearney estimated the global market for sports sponsorship and in-venue advertising at $52 billion in 2025 and expects it to grow by 8% to 9% annually through 2030, reaching about $80 billion.

While many marketers continue to spend heavily on sports, they often find it hard to measure the commercial uplift from their sponsorship outlays. Research from Forrester, published in 2025, found that 76% of US business-to-consumer marketing executives who invested in sponsorships the prior year reported struggling to calculate the return on investment, or ROI, of their sports sponsorships.

"They are gaining a lot of traction around brand awareness, but can't necessarily calculate the hard and fast ROI numbers to prove to their CFOs that the money and long-term commitment for these kinds of sponsorships are necessary," Mike Proulx, a Forrester VP, told me.

For McDonald's, the figures evidently didn't justify a renewal. The deal was valued at $40 million annually, per the research firm GlobalData Sport.

For a globally recognized brand such as McDonald's, the scope for the World Cup to deliver another spike in brand awareness and associated sales may have reached its ceiling. Heineken appeared to make a similar recalculation last year when it said it would end its 30-year UEFA Champions League partnership in 2027. The brewer said it was shifting its sponsorship focus to platforms "where spend is proportionate to value creation," while retaining Formula 1 and adding Premier Padel.

McDonald's CMO Morgan Flatley said in a statement last week that sports remains important to its marketing strategy. At the company's September investor day, Flatley said she was focusing her campaigns "on McDonald's collection of iconic IP, not someone else's." The company continues to sponsor dozens of sports properties, including France's Ligue 1 top-flight soccer league and the All-American Games.

The 2026 World Cup reached nearly 6 billion people worldwide across different platforms, according to FIFA, which helps explain why brands continue to spend heavily to be associated with it. While FIFA has not disclosed a final sponsorship total for the 2026 World Cup, its latest budget forecasts $2.8 billion in marketing-rights revenue across all commercial partnerships in the 2023 to 2026 cycle. That would be about 59% more than it generated across the 2019 to 2022 Qatar cycle. For the 2026 tournament, FIFA also introduced a program that allowed host cities to sell local supporter packages, making the sponsorship market increasingly crowded compared to previous years.

Rory Natkiel, founder of sponsorship effectiveness consultancy Box Count, said the additional host-city partners risked shrinking McDonald's "share of property" — the portion of the event's commercial attention it could realistically command.

That dynamic could make smaller or newer sports properties more attractive to mature global brands. While they might not offer the global scale of long-standing events like the World Cup, they can provide greater flexibility to tailor marketing to specific audiences and channels than the tightly controlled multiyear packages from major rights holders allow. For a company like McDonald's, that could open up an opportunity to offer consumers an experience they remember rather than a sponsorship they simply expect.

"If they start going into new sports and trying to attract a different audience to the global football audience — padel for a slightly more premium audience, or whatever it might be — it does create a new compelling angle and a new avenue for creativity," said Rory Stewart-Richardson, a longtime sports sponsorship executive.

Stewart-Richardson said he wouldn't be surprised if other legacy brands start recalibrating their sponsorship deals, focusing more on local markets and digital activations, with an emphasis on "building from the consumer out rather than trying to buy into temporary cultural relevance."

Read the original article on Business Insider

Vance Says El-Sayed Lied About Not Being Born in America

27 October 2026 at 22:51

Vice President JD Vance said at a Michigan campaign rally that Democrat Senate candidate Abdul El-Sayed lied about being an immigrant from another continent, pointing to the candidate’s past statements about his own origins.

The post Vance Says El-Sayed Lied About Not Being Born in America appeared first on Breitbart.

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