Shopify (SHOP) today joined the ranks of tech companies laying off employees, announcing that it was set to cut 10% of its workforce. The recent tech layoffs and hiring freezes stems from a so-called boomerang effect, LinkedIn Principal Economist Guy Berger told Yahoo Finance Live (video above). “Tech just kept hiring, just kept rising and rising and rising, at least to the end of last year, and now it’s coming down much faster,” he said. “I would say it’s kind of like a boomerang in that it… Source link

It looks like Netflix’s (NFLX) $200 million bet on “The Gray Man” might have paid off. The action-packed film starring Ryan Gosling, Chris Evans, and Ana De Armas made its debut on the platform on Friday and quickly climbed its way to the top of the streamer’s competitive top 10 list, despite lackluster reviews. According to the company’s latest global viewing report, subscribers watched more than 88 million hours of the movie within its first three days on the platform (July 22 – July 24). For… Source link

Google launched Carbon, an experimental language, last week, but industry skepticism clouds its future as a C++ replacement. C++ is a mainstay of enterprise development, but it has drawbacks, and some developers have argued that it needs a replacement. The reasons for this are many, including code that is difficult to learn and read, issues with safety mechanisms and lack of suitability for modern hardware architectures and environments, said Chandler Carruth, principal software engineer… Source link

NFL training camp season is officially here, and with come a cavalcade of news — both good and bad. Veterans reported to camp Tuesday, which kicks off the beginning of the last phase before the 2022 NFL season begins on Sept. 8 with the Buffalo Bills taking on the reigning Super Bowl champion Los Angeles Rams. Here is a brief breakdown of the biggest news and updates from around the league. The biggest news coming out of 49ers camp Tuesday revolves around the future of two of their young… Source link

Google’s search engine business is demonstrating resilience in the face of a slowing economy and rising inflation, but its other businesses have not been able to escape a downturn in online advertising. Google’s parent company, Alphabet, reported on Tuesday a net profit of $16 billion in the second quarter, down 14 percent from a year earlier, while revenue climbed 13 percent to $69.7 billion. The earnings were below analysts’ estimates of $17.5 billion in profit on $69.9 billion in… Source link

Julio Jones is signing a one-year deal to join the Tampa Bay Buccaneers, ESPN’s Adam Schefter reports. Terms of the deal weren’t initially reported. The seven-time Pro Bowl receiver joins his second team since leaving the Atlanta Falcons after a single season last year with the Tennessee Titans. He’ll team up with Tom Brady in pursuit of his first Super Bowl championship. [Set, hut, hike! Create or join a fantasy football league now!] Jones joins the Bucs as leading receiver Chris Godwin… Source link

A Google sign is pictured outside the Google office in Berlin, Germany, August 31, 2021. REUTERS/Annegret Hilse Register now for FREE unlimited access to Reuters.com Register July 26 (Reuters) – Alphabet Inc (GOOGL.O) on Tuesday barely missed estimates for quarterly revenue, showing that its industry-leading Google search and advertising business may be able to withstand big countries potentially going into recession over the next year. Shares of Alphabet rose 3.5% in after-hours trading.

Aaron Rodgers is moving on from John Wick to Cameron Poe. (Photo by Carmen Mandato/Getty Images for The Match) Aaron Rodgers spent last season trying to look like John Wick. This year, it appears he has a new inspiration. [Set, hut, hike! Create or join a fantasy football league now!] The Green Bay Packers quarterback arrived at training camp Tuesday with some long hair, a short beard, a white tank top and some light blue jeans. In other words, he was styled exactly like Nicolas Cage’s… Source link

Though a recent tech rout has led to widespread pessimism about the sector, long-term investors should still be considering Big Tech names like Amazon (AMZN), according to Jefferies Senior Research Analyst Brent Thill (video above). “Look, tech is at a discount right now,” he told Yahoo Finance. “It’s not the space where people want to be; they want to be in other sectors… I do think ultimately the opportunity is to tuck this away for three years, and you’re going to be pretty happy three… Source link

Walmart’s second earnings warning of 2022 says a great deal about the financial stresses U.S. consumers are increasingly seeing amid sky-high inflation, a bear market in stocks, and lofty gas prices. The world’s largest retailer slashed its second-quarter and full-year profit outlooks late Monday owing to rampant inflation and a consumer retrenchment for discretionary items such as apparel. Walmart now sees full-year earnings tanking 11% to 13% compared to a prior estimate for a 1% drop. “This… Source link