Tag Archives: jobs

Stocks pull back after February jobs report

Stocks pull back after February jobs report

Stocks lost momentum and turned downward during afternoon trading on Friday, as investors pulled back some after a powerful rally that led by big tech names. The February jobs report also showed an uptick in the unemployment rate, bolstering investor confidence that the Federal Reserve will cut rates following its June meeting. The S&P 500 (^GSPC) trended near the flatline after logging another record close on Thursday, while the Dow Jones Industrial Average (^DJI) increased by close to 0.3%…. Source link

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Stocks rise after February jobs report

Stocks rise after February jobs report

Stocks climbed on Friday after the February jobs report showed an uptick in the unemployment rate, bolstering investor confidence that the Federal Reserve will cut rates following its June meeting. The S&P 500 (^GSPC) rose 0.2% on the heels of another record close logged Thursday, while the Dow Jones Industrial Average (^DJI) was flat. The tech-heavy Nasdaq Composite (^IXIC) added 0.3% after a sharp gain the previous day. Friday’s non-farm payrolls report showed the US economy added 275,000… Source link

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S&P 500 hits fresh record high ahead of jobs day

S&P 500 hits fresh record high ahead of jobs day

Another closely followed index is set to make a new record close. The S&P 500 equal-weight index (^SP500EW) is on track for its first record-high close since January 2022. While the traditional S&P 500 (^GSPC) is market-cap weighted, meaning a few large stocks have an outsized impact on the index’s performance, the equal-weight index values all 500 stocks in the index equally. As Goldman Sachs equity strategy team highlighted in Yahoo Finance’s Charbook back in January, this led to outsized… Source link

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Steve Jobs Once Called Google On A Sunday To Complain About Logo’s Appearance On His iPhone –– ‘I’m Not Happy With The Icon. The Second O In Google Doesn’t Have The Right Yellow Gradient’

Steve Jobs Once Called Google On A Sunday To Complain About Logo’s Appearance On His iPhone –– ‘I’m Not Happy With The Icon. The Second O In Google Doesn’t Have The Right Yellow Gradient’

In an account shared by Vic Gundotra, Google’s former vice president of engineering, a story from January 2008 highlights the meticulous attention to detail of Steve Jobs, the then-CEO of Apple Inc. This narrative resurfaced and gained attention when Jobs resigned from his CEO position, a decision that sent ripples through the tech world. Originally reported by 9TO5 Google in 2011, the story offers a glimpse into Jobs’s legendary commitment to product excellence. Gundotra’s recollection… Source link

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Google is cutting more jobs, this time at its X Labs, here’s what the lab’s head told employees

Google is cutting more jobs, this time at its X Labs, here’s what the lab’s head told employees

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

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Google to cut thousands of search quality rater jobs after dropping contract with Appen

Google to cut thousands of search quality rater jobs after dropping contract with Appen

Appen, an Australian data services company that Google contracted with for a large number of its third-party search quality raters, was notified by Google that its contract is ending on March 19, 2024. Appen said it had no prior notice and the cancellation would result in a loss of $82.8m of revenue at a gross margin of 26% for the company. What search quality raters do. Google’s quality raters assess the quality of the Google search results. They do not directly influence the search… Source link

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Staff Start Fighting Back As More Jobs Are Cut

Staff Start Fighting Back As More Jobs Are Cut

Angle down icon An icon in the shape of an angle pointing down. Google CEO Sundar Pichai. NurPhoto/ Getty Images; Tyler Lee/ BI Googlers are fighting back against the company after years of being treated like “family.” The search giant plans to cut more jobs in 2024 after cutting 12,000 last year. Staffers have taken aim at its “glassy-eyed leaders” and organized protests in response. In 2012, Larry Page stressed how important it was that Google acted like a “family.” The… Source link

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Google slashes over 1,000 jobs to focus on AI amid competition with Microsoft, OpenAI

Google slashes over 1,000 jobs to focus on AI amid competition with Microsoft, OpenAI

“Throughout the second half of 2023, a number of our teams made changes to become more efficient and work better, and to align their resources to their biggest product priorities,” a spokesperson for the Mountain View, California-based company said in a statement. “Some teams are continuing to make these kinds of organisational changes, which include some role eliminations globally.” Alphabet shares were little changed on Thursday, closing at US$142.08 in New York. A statue of the… Source link

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Google Just Cut Hundreds of Jobs. Read the Memo Sent to Some Workers.

Google Just Cut Hundreds of Jobs. Read the Memo Sent to Some Workers.

Due to changes in business needs, Google has decided to restructure operations at certain of its facilities, including at the facility (if any) at which you work. This restructuring is scheduled to start on January 10, 2024. Based on this decision, we have had to make some difficult decisions about ongoing employment of some Google employees and we regret to inform you that your position is being eliminated. We recognize how much this impacts you and regret the need to move in this… Source link

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