Tag Archives: continues

Austin impact remains unclear as Google continues layoffs in 2024

Austin impact remains unclear as Google continues layoffs in 2024

Google, which has a significant Austin presence, is planning even more job cuts this year following a tumultuous 2023 with several rounds of layoffs. The tech giant has repeatedly slashed jobs since January 2023, when the company said it would cut about 6% of its workforce, or 12,000 jobs. Google confirmed the newest layoffs to the American-Statesman in a statement Monday, saying the company is “responsibly investing” in its biggest priorities and opportunities, but positions may be cut on… Source link

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Microsoft earnings beat expectations, cloud growth continues to slow

Microsoft earnings beat expectations, cloud growth continues to slow

Microsoft (MSFT) announced its Q2 earnings after the bell on Tuesday, barely missing analysts’ expectations on revenue and beating on earnings per share. Here are the most important numbers from the report compared to what analysts were expecting from the quarter, as compiled by Bloomberg. Revenue: $52.7 billion vs. $52.9 billion expected Adjusted EPS: $2.32 vs. $2.30 expected Productivity and Business processes: $17 billion vs. $16.8 billion expected Intelligent Cloud: $21.5 billion vs. $21.4… Source link

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Digital asset manager Osprey Funds lays off staff as crypto winter fallout continues

Digital asset manager Osprey Funds lays off staff as crypto winter fallout continues

Digital asset manager Osprey Funds has laid off 15 employees and is currently operating with fewer than 10 employees, including four members of its leadership team, a source familiar with the matter tells Yahoo Finance. “Osprey had layoffs last summer and fall aligned with the downturn in the crypto market, however Osprey remains strong,” Osprey Funds CEO Greg King told Yahoo Finance over email. Osprey’s Bitcoin Trust (OBTC), which is available at online brokers Fidelity, Charles Schwab, and… Source link

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