Tag Archives: cutting

The entertainment industry is the latest to undergo job cuts, with major companies like Disney (DIS) and Paramount Global (PARA) reportedly planning layoffs in 2024. These media giants join the wave of tech and other industries reducing headcount to cut costs amid economic uncertainty. Yahoo Finance reporters Alexandra Canal, Josh Schafer, and Brooke DiPalma discuss the growing trend of layoffs post-Covid. For more expert insight and the latest market action, click here to watch this full… Source link

Job cuts continue at Google. Google parent Alphabet moonshot factory X is reportedly restructuring, laying off some staff and turning to outside investors to fund its ambitious projects. According to a report in Bloomberg News, “Alphabet Inc.’s lab for pioneering technology is laying off dozens of employees as it turns to outside investors to help fund its ventures.”The X lab is reportedly adopting a new structure that will enable its projects to more easily spin out of X as independent… Source link

Staff at Google have long lauded the company’s work perks, from freshly-made meals in its cafes to in-house massage therapists. But the dark clouds of economic recession have cast their shadow over the tech behemoth—with masseuses among those included in the company’s biggest ever round of job cuts. On Jan. 20, Google, which is owned by Alphabet, confirmed it would be axing 12,000 jobs—roughly 6% of its workforce — after rumors about layoffs had swirled for months. Some employees… Source link

Alphabet the parent of search-engine Google, is cutting jobs at its healthcare and robotics units as the latest round of technology-sector layoffs gathers pace. Verily Life Sciences, is letting go of 200 employees, affecting some 15% of roles at the company, and Intrinsic, a robotics software company is laying off 40 employees. Both divisions are within Alphabet’s (ticker: GOOGL) Other Bets unit. The cuts were reported by… Source link

Rising interest rates, inflation, and currency fluctuations have slammed tech stocks this year. And while Apple (AAPL) is certainly feeling the pain — shares are off 20% year to date — it’s fared better than its peers, which are down as much as 30%, and in Meta’s (META) case, 60%. But according to BofA Global Research’s Wamsi Mohan, things could get uglier for Apple in the coming months as consumers pull back on spending on pricey gadgets. “The argument is being made that the… Source link

A majority of Canadians are cutting back on spending due to inflation, including on groceries. (Photo by Zou Zheng/Xinhua via Getty Images) Canadians are cutting back on groceries and entertainment as red-hot inflation continues to put pressure on household budgets, a new Yahoo/Maru Public Opinion poll has found. The survey of 1,517 Canadians found that 60 per cent of respondents set stricter priorities and reduced spending due to higher prices in July than they did in June. Among those that… Source link

PayPal has only known a growth, growth, growth mindset under long-time CEO Dan Schulman. That mindset officially ended as of August 2 as PayPal switches tactics to appease activist investor Elliott Management, which has disclosed a $2 billion stake in the payments giant. Late Tuesday, the company outlined $900 million in cost cuts — mostly through layoffs, real estate consolidation, and project cutbacks. PayPal also uncorked a new $15 billion stock buyback plan. Investors cheered the about… Source link

During the pandemic, Aaron Mulherin would travel as far as 150 miles from his home in Marion, Iowa, to do jobs for his glass installation company. But with a gallon of gas in Iowa now going for $4.73, compared to $2.88 a year ago, he has had to shrink that radius to around 60 miles. “We have been trying to be careful with a lot of things,” Mulherin, owner of AM Glass Repair, tells Fortune. High gas prices are far from the only pain point Mulherin’s small business is feeling amid… Source link

In his latest split from former President Donald Trump, Mike Pence will headline a rally for Georgia Gov. Brian Kemp, a Republican who has remained at odds with Trump since the 2020 presidential election. Pence’s rally with Kemp on May 23 may be his sharpest rebuke yet of Trump. The former vice president has decided to throw his weight behind a bid to win a second term for one of the Republicans whom Trump has blamed in his attempts to overturn the 2020 election results. In addition,… Source link

Netflix, China-based TikTok join Google, Apple, other companies cutting ties with Russia | Fortune … Source link