Tag Archives: Big

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, December 12, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. By any traditional analytical measures, meme stock names such as GameStop, Bed Bath & Beyond, and Blackberry are still… Source link

OAKLAND, Calif., Dec 8 (Reuters) – A Google service relied upon by many large websites to sell and display ads was down for about three hours Thursday, denying major news publishers revenue during the crucial holiday period, two sources familiar with the matter said. “The issue with Google Ad Manager has been resolved and ad serving has now been restored for the affected users,” Google said in a tweet on Thursday evening. “We apologize for the inconvenience.” News websites such as the… Source link

Michigan Wolverines wide receiver Cornelius Johnson (6) races down the sideline as he scores a touchdown against the Ohio State Buckeyes on Nov. 26, 2022, at Ohio Stadium in Columbus, Ohio. (Photo by Frank Jansky/Icon Sportswire via Getty Images) No. 3 Michigan is a win away from a second straight Big Ten title and College Football Playoff appearance after its offense ripped apart No. 2 Ohio State’s defense in a 45-23 win in Columbus on Saturday. Michigan scored TDs of 45, 69, 75, and 85… Source link

Getty Images Key takeaways A report from tech-focused news site The Information suggests that Google layoffs could top 6%, or 10,000 employees, in early 2023 The report comes amid ongoing macroeconomic challenges, deflated tech stock prices and a letter from an activist investor If Google commits to downsizing, it will follow Big Tech peers like Meta and Amazon that have already slashed head counts this year As the global financial situation weighs on wallets and portfolios, big… Source link

Big Tech is bracing for a tough road ahead as HP Inc. said it will axe 10% of its staff, Dell warned that sales are sliding, and Google prepares to designate 10,000 employees as low-performing, a potential prelude to mass staff reductions. The reductions come as a potential recession and post-pandemic decline in sales have led many technology companies to reevaluate staffing needs. HP will cut 4,000 to 6,000 employees in the next five years, aiming to save $1.4 billion a year. “At this… Source link

(Photo via Smith Collection/Gado/Getty Images). Getty Images Key Takeaways Rumors are swirling that Alphabet may be the next big tech company to layoff workers, following the lead of Meta, Amazon and many others. It comes as Google faces revenue pressure from falling advertising revenue and an economic outlook which is likely to exacerbate the issue. Alphabet executives have made multiple comments about increasing efficiency and focus. For investors, it’s another example of the… Source link

Layoffs have slammed Big Tech, as some of the sector’s biggest names, from Amazon (AMZN) to Meta (META) to Stripe, have cut thousands of employees. After at least a decade of expansion, tech companies have been rattled by inflation along with a slowdown in advertiser spending. The ad spending crunch has hit social media companies like Meta and Twitter hard, of course. Even Google parent Alphabet (GOOG, GOOGL) was slammed in its latest earnings cycle, as YouTube missed sales expectations by a… Source link

Goldman Sachs is pushing back on the notion that headline-grabbing layoffs from big-cap tech companies are a sign of a looming U.S. recession. “Tech layoffs are not a sign of an impending recession,” Goldman Sachs chief economist Jan Hatzius wrote in a note to clients on Tuesday. As the year nears a close, the layoffs announcements have picked up in tech land amid a terrible year for stock prices and slowing growth. In the past two weeks alone, Meta and Amazon have unveiled combined job cuts of… Source link

By Rodrigo Campos and Ira Iosebashvili (Reuters) – A stronger-than-expected showing by Democrats in the U.S. midterm elections may force investors to rethink the split government scenario many had expected. Democrats held onto control of the U.S. Senate, extinguishing hopes of the “red wave” that Republicans had expected leading into the midterm elections. Republicans remain close to seizing control of the House of Representatives as officials continued counting ballots, with results expected… Source link

The bloodletting in big tech continues after a year of slowing sales and profits along with de facto valuation resets at the hands of an aggressive Federal Reserve. Meta said Wednesday it will slash 13% of its workforce as it looks to redirect resources to Mark Zuckerberg’s metaverse project and appease angry shareholders. Meta stock popped 8% on the news, paring the year-to-date decline to 69%. Meta was the top trending ticker on the Yahoo Finance platform through early afternoon. Meanwhile, a… Source link