Tag Archives: fallout

There’s nothing more detrimental to the productivity of a workplace than watching trusted colleagues get escorted out of the building amid a mass reduction in force. And with that vibe currently playing out in Big Tech, experts warn job cuts could damage the very fabric of these once-untouchable highly creative institutions. “I think these companies got carried away with overhiring, and they were not careful, and they just hired willy-nilly, and now they’re facing huge layoffs,” Bill George,… Source link

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

After weeks of silence, Adidas (ADDYY) has officially cut ties with rapper Kanye “Ye” West following his antisemitic remarks— but is it too little, too late? Adidas “has really broken trust with their customers,” Angeli Gianchandani, practitioner in residence at the University of New Haven, told Yahoo Finance Live (video above), stressing that the German brand will now have to repair its reputation. “Being able to communicate immediately and getting in front of the crisis is important,” she… Source link

Kyler Murray doesn’t want to hear your jokes or comments about the “independent study” clause in his new Arizona Cardinals contract. He also doesn’t want you to think he could make it to the NFL without studying film. The newly-minted $230.5 million quarterback held an impromptu press conference Thursday to talk about everything that’s been said about the part of his new contract with requires him to spend at least four hours per week game film in an attempt to save his reputation around the… Source link

(Bloomberg) — Alibaba Group Holding Ltd.’s quarterly revenue rose a better-than-expected 9%, reassuring investors trying to come to grips with the economic cost of sweeping lockdowns intended to eradicate Covid-19. Most Read from Bloomberg But China’s e-commerce leader also refrained from offering its usual outlook for the year, underscoring the unpredictable impact of a Covid Zero policy that’s already cast the country’s supply chains into disarray and hammered consumer… Source link

WASHINGTON — When he invaded Ukraine, Vladimir Putin almost certainly expected a quick, decisive conquest that would restore the Kremlin’s influence in Eastern Europe and burnish his own status as a Russian leader on par with Peter and Catherine the Great. Weeks later, Russia is a hobbled pariah, while the dogged Ukrainian resistance — led by charismatic President Volodymyr Zelensky — has attained admiration in much of the world. There is little doubt that the Russian army has the… Source link

European businesses face uncertainty over the use of a popular analytics tool from Google after a regulator found it breached privacy laws, the latest salvo by the European Union against big U.S. tech companies. The ruling from Austria’s data-protection regulator, published last week, could upend business practices for companies across Europe as regulators in the 27 EU countries are also preparing legislation on social-media content. Lawmakers are set to vote this week on a draft of the… Source link

The end of the NFL regular season brings two major topics: playoffs and awards. Charles Robinson is joined by Yahoo’s Shalise Manza Young to kick off the mid-week podcast discussing the MVP award and recent comments made by Chicago based reporter Hub Arkush that he would not be voting for Aaron Rodgers to take home his second consecutive trophy. Moving onto the playoffs, Charles breaks down where the playoff seeding stands with just one more weekend to go and why the NFC has gone from… Source link

Kiyosaki: ‘Crash and depression’ are coming ⁠— here are the 6 simple ways he’s looking to get rich from the fallout U.S. consumer prices climbed by 6.8% in November, marking the fastest pace in 39 years. And while the stock market continues to largely shrug off inflation concerns, many well-known investors have been busy sounding the alarm. Rich Dad Poor Dad author Robert Kiyosaki is one of the more vocal ones. “Crash and Depression coming,” Kiyosaki tweeted earlier this week. “Time… Source link

Facebook will report its third quarter earnings after the bell on Monday, as the company grapples with a new avalanche of stories resulting from a whistleblower’s account of how it targets users, and the ripple effect of Apple changing its user data policies. Here’s what analysts are expecting from the company’s Q3 report, as compiled by Bloomberg: Revenue: $29.45 billion expected versus $21.47 billion in Q3 2020 Earnings per share: $3.17 expected versus $2.71 in Q3 2020 Family daily… Source link