Tag Archives: costs

Google plans to combine the teams working on its Maps product and on Waze, a mapping service that Google acquired in 2013. The merger comes as the search engine giant feels the pressure to cut costs and consolidate operations, reports The Wall Street Journal. Waze’s team of 500 employees will fall under Google’s Geo organization, which oversees Maps, Earth and Street View, starting Friday. Neha Parikh, Waze’s current CEO, will leave her role. Google told WSJ… Source link

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Google’s way of slimming down through attrition won’t work in the current economy, an analyst said. Google previously avoided making cuts because it would undermine its employee-friendly reputation. Google’s head count grew much faster than its revenue during the third quarter. … Source link

By Akash Sriram (Reuters) – Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are losing hundreds of thousands of dollars due to staggering raw material and production costs, their latest earnings statements showed. Quarterly reports from electric vehicle (EV) makers from the past two weeks show them struggling to hit delivery targets and rapidly burning through cash. Lucid’s cost of revenue surged to $492.5 million in the July-September quarter from $3.3 million a… Source link

(Reuters) -Amazon.com Inc is undertaking a review of its unprofitable businesses, including the devices unit that houses voice assistant Alexa, to cut costs, the Wall Street Journal reported on Thursday, sending its shares up 11%. Following a months-long review, Amazon has told employees in some unprofitable units to look for jobs elsewhere in the company, while moving to redeploy staff from certain teams to more profitable areas and closing teams in areas such as robotics and retail, the WSJ… Source link

Disney (DIS) stock plummeted on Wednesday after the media giant reported fourth-quarter earnings results that missed expectations across the board, with the exception of subscriber net additions. “A big part of the miss was really on the parks side,” Geetha Ranganathan, senior media analyst at Bloomberg Intelligence, told Yahoo Finance Live (video above), citing the parks’ consistent performance up until this quarter. “We were seeing them report some really, really stupendous numbers in terms… Source link

Register now for FREE unlimited access to Reuters.com Register BRUSSELS, Sept 26 (Reuters) – Alphabet (GOOGL.O) unit Google on Monday rebuffed a push by European telecoms operators to get Big Tech to help fund network costs, saying it was a 10-year-old idea that was bad for consumers and that the company was already investing millions in internet infrastructure. The comments by Matt Brittin, president of EMEA business & operations at Google, come as the European Commission said it would seek… Source link

Google announced a new Chromecast with HD streaming support today that costs just $30 and has a remote control with it. The company is launching the Chromecast with Google TV (HD) — yes, that’s the official name — in 19 countries including the U.S. This comes two years after Google launched a $49 Chromecast with 4K HDR streaming support and the introduction of a remote. The new Chromecast supports 1080p streaming. The new Chromecast supports more than 10,000… Source link

What’s happening Facebook parent company Meta and Google… Source link

Households can expect to pay more to heat their homes this winter. “Natural gas futures (NG=F) prices are more than double what they were one year ago,” according to Andy Lipow of Lipow Oil Associates. The energy analyst notes home heating oil is also higher and the cost of delivering it to the home is going up as well. “The consumer is going to pay more for their heating bills this winter, whether they use natural gas or home heating oil. Most will have sticker shock,” Lipow recently… Source link