Tag Archives: company

Tesla CEO Elon Musk at the company’s Cyber Rodeo event in Austin, Texas.SUZANNE CORDEIRO / AFP Elon Musk tweeted that the “total headcount would increase” at Tesla and salaried staff would stay “fairly flat.” Musk’s comments came after the Tesla CEO sent an email to staff saying he would cut 10% of salaried jobs. Tesla employed nearly 100,000 staff at the end of 2021. After sending an email about job cuts for salaried staff, Tesla CEO Elon Musk seemed to retract his statements in a tweet reply… Source link

Salesforce co-founder and co-CEO Marc Benioff.NICHOLAS KAMM/AFP via Getty Images Salesforce employees signed an open letter urging company leadership to drop the NRA as a customer. It’s “unconscionable” that the NRA can use their software for marketing and fundraising, the employees said. Marc Benioff, the co-CEO of Salesforce, has previously voiced support for gun control. More than 4,000 Salesforce employees have urged their company’s leadership to drop the National Rifle Association (NRA) as… Source link

In a mountainous Guangdong provincial city best known for its masonry and quarries, Yunfu is quietly carving out a niche in the global supply of hydrogen fuel-cell vehicles, a revolutionary propulsion system crucial to help the world cut greenhouse gases. At Guangdong Nation Synergy Hydrogen Power Technology, or Sinosynergy, workers were seen during a recent visit installing storage bottles and hydrogen fuel stacks on a vehicle before its delivery to Ningxia province in northwestern China. The… Source link

JPMorgan Chase CEO Jamie Dimon. Employees at the bank say suspicion and fear are swirling over the firm’s data-collection efforts.KENA BETANCUR/Getty Images JPMorgan has developed a powerful data-collection tool to monitor its employees’ activities. Employees at America’s largest bank fear what the data collection could mean for their jobs. One staffer described a workplace where terms like “Big Brother” and “1984” have become commonplace. At JPMorgan Chase, employees say watchful eyes are… Source link

The recent report on “Semantic Knowledge Graphing Market” offered by Credible Markets, comprises of a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “Semantic Knowledge Graphing Market”. An exhaustive competition analysis that covers insightful data on industry… Source link

(Bloomberg) — Broadcom Inc. is in talks to acquire cloud-computing company VMware Inc., according to people familiar with the matter, setting up a blockbuster tech deal that would vault the chipmaker into a highly specialized area of software. Most Read from Bloomberg The discussions are ongoing and there’s no guarantee they will lead to a purchase, said the people, who asked not to be identified because the matter isn’t public. VMware currently has a market valuation of about $40… Source link

Netflix (NFLX) has some work to do. Earlier this week, the company confirmed to Yahoo Finance that it will be laying off about 150 positions of the streamer’s 11,000 workforce in an effort to reduce spending and offset slowing revenue growth. “As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company. So sadly, we are letting around 150 employees go today, mostly U.S.-based,” a Netflix spokesperson said in a statement. “These changes… Source link

Netflix (NFLX) investors are still reeling after the tech-heavy Nasdaq Composite Index (^IXIC) posted its worst month since 2008. The stock — once a big winner from the pandemic — is down roughly 75% from its November peak, and its once $300 billion market cap now sits south of $80 billion. The streaming giant’s subscriber drop in April spurred speculation on Wall Street about its next big move, which could involve a lower-priced ad-supported option or even a clamp-down on password… Source link

Airbnb (ABNB) reported first-quarter results that exceeded estimates, as virus-related restrictions eased further and helped lift business. The company also reported its first quarter of positive adjusted EBITDA even as it navigated a jump in Omicron cases at the beginning of this year and international disruptions due to Russia’s invasion of Ukraine. Shares of Airbnb rose 6.5% in after-hours trading immediately following the results. Here’s what the lodging company posted in fiscal… Source link

Shares of Amazon (AMZ) dropped after the company revealed a revenue forecast that missed analyst estimates as consumers curb online spending in the face of economic uncertainty and a return to in-person activities. The company also reported a loss on its investment in electric-vehicle maker Rivian Automotive. Amazon was the last of Big Tech names to unveil quarterly earnings this reporting season. The tech behemoth’s cloud-computing platform Amazon Web Services (AWS) was a bright spot… Source link