Tag Archives: Lay

Google, Amazon and other major tech companies lay off thousands

Google, Amazon and other major tech companies lay off thousands

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Google to lay off 12,000 employees after ‘rigorous review’ • The Register

Google to lay off 12,000 employees after ‘rigorous review’ • The Register

Google is to lay off 12,000 employees amid something of a pandemic reckoning for technology companies that recruited heavily in recent years and are now facing harsh realities of a cooling economy. In an email sent to employees today, Sundar Pichai, CEO of Google and its parent Alphabet, said: “Over the past two years we’ve seen periods of dramatic growth. To match this and fuel that growth, we hired for a different economic reality than the one we face today.” In calendar Q1 of 2020,… Source link

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Google parent to lay off 12,000 workers in latest blow to tech sector

Google parent to lay off 12,000 workers in latest blow to tech sector

Sundar Pichai, CEO, Alphabet Lluis Gene | AFP | Getty Images Google’s parent Alphabet is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday, in the latest cuts to shake the technology sector. Sundar Pichai, Alphabet’s CEO, said in a staff memo shared with Reuters that the company had rapidly expanded headcount in recent years “for a different economic reality than the one we face today.” “I take full responsibility for the decisions that led us here,” he said. The cuts… Source link

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Google parent to lay off 12,000 workers as AI focus intensifies

Google parent to lay off 12,000 workers as AI focus intensifies

By Jeffrey Dastin (Reuters) – Google’s parent Alphabet Inc is cutting about 12,000 jobs, or 6% of its workforce, it said in a staff memo Friday, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI). Alphabet’s shares were up nearly 4% in morning trade. The cuts come at a delicate moment for the U.S. company, which has long been the leader in key areas of AI research. Alphabet now faces a challenge from Microsoft Corp in a branch of tech… Source link

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BlackRock plans to lay off 500 workers after last year’s market downturn

BlackRock plans to lay off 500 workers after last year’s market downturn

BlackRock (BLK), the world’s largest asset manager, will lay off about 500 employees — or roughly 3% of its workforce — according to an internal email seen by Yahoo Finance. The investment giant joins a growing number of Wall Street firms trimming their headcount after last year’s market rout and as Corporate America ramps up hiring freezes and job cuts. “This week, after meaningful headcount growth in recent years, we are making some changes to the size and shape of our workforce,” CEO… Source link

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Pastor David Ibiyeomie lay curse on yahoo boys, condemn dia activities

6 hours wey don pass Wia dis foto come from, Salvation Ministries Pastor David Ibiyeomie of Salvation Ministries don lay curse on pipo wey dey involve for scam, AKA yahoo-yahoo. Di popular televangelist say internet fraud wey Nigerians know as ‘yahoo-yahoo’ na stealing wey don lead to di death of many pipo. Internet scam na one of di financial crimes wey Nigeria anti-corruption agency, di Economic and Financial Crimes Commission (EFCC) dey battle – court for di kontri and abroad don convict many… Source link

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Google to lay out new features to keep users clicking after lockdown

Bloomberg AT&T’s WarnerMedia, Discovery to Merge in Blockbuster Deal (Bloomberg) — AT&T Inc. agreed to spin off its media operations in a deal with Discovery Inc. that will create a new entertainment company, merging assets ranging from CNN and HBO to HGTV and the Food Network.The transaction values the combined entity at about $130 billion including debt, based on WarnerMedia’s estimated enterprise value of more than $90 billion.AT&T will receive $43 billion in cash, debt securities and… Source link

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Facebook, Google to lay subsea cables between U.S. and Southeast Asia

The vessel used to lay one of Google’s other subsea cables. Google Facebook and Google are planning to lay two huge subsea cables that will link the U.S. West Coast to Singapore and Indonesia, Southeast Asia’s biggest economy and home to a growing number of smartphone users.  The Echo and Bifrost trans-Pacific cables will increase the data capacity between the regions by 70% and improve internet reliability, Facebook said Monday. While Facebook is investing in both cables, Google is only… Source link

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Fauci warns against Super Bowl parties: 'Just lay low and cool it' – Yahoo Sports

With Super Sunday just four days away, Dr. Anthony Fauci has a warning for football fans who might be planning a big Super Bowl party amid the ongoing coronavirus pandemic: Don’t. “Just lay low and cool it,” Fauci, director of the National Institute of Allergy and Infectious Diseases, said on ABC’s “Good Morning America” on Wednesday. “As much fun as it is to get together in a big Super Bowl party, now is not the time to do that,” Fauci said on NBC’s “Today” show…. Source link

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