Tag Archives: layoffs

[unable to retrieve full-text content]Bank earnings: Goldman Sachs and others see investment banking slowdown, layoffs  Yahoo Finance Source link

There’s still a lot to like about Amazon (AMZN) stock, even though the company’s coming off a hard year, JMP Securities Equity Research Analyst Nick Jones recently told Yahoo Finance Live (video above). Amazon had a rough 2022, one in which the company’s stock tumbled more than 40% throughout the year. The company’s been battling high inflation, rising rates, and a slow advertising market, and recently announced it would up the number of layoffs it was doing in its corporate workforce from Source link

In the wake of Salesforce’s (CRM) mass layoff announcement last week, Wall Street may have overlooked one key element in its haste to predict better profit margins from the tech giant. According to Bernstein analyst Mark Moerdler, who published a critical client note on Salesforce Wednesday, mass firings may actually hinder sales growth and, as a result, profit margins. “Salesforce recently announced a ~10% employee reduction, in addition to comments on other cuts, which will only drive… Source link

A version of this article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, January 11, 2023 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Coinbase (COIN) announced Tuesday it would be laying off 950 staff members, or around another 20% of its team. As… Source link

The layoff axe swinging at Salesforce may be yet another sign that Big Tech still remains too bloated after years of aggressive hiring into a potential sharp 2023 economic slowdown. “I think we will see more layoffs,” Independent Wealth Solutions Management portfolio manager Paul Meeks said on Yahoo Finance Live (video above), adding that “these companies have probably gotten fat over the years, so I expect continued trimming.” Tree trimming contractors work to cut down a large tree stump… Source link

As layoffs in the tech industry accelerate into the year-end, some workers and their families are having to scramble to find a job and remain in the U.S. More than 150,000 people have lost jobs in the industry so far as companies look to course correct after years of high growth and high costs. And a third of those job losses have come just within the last month, according to Layoffs, an online site that tracks tech layoffs. While job cuts usually entail workers brushing off their résumés in… Source link

It’s Monday, and you know what that means? After today, there are only two more Mondays left in 2022. This is Matt Weinberger, Insider’s deputy editor of tech analysis, filling in once again for Jordan Parker Erb. She’ll be back in time to write tomorrow’s edition, so never fear. Last week was a big week for news, in a year that’s been full of big weeks for news — the FTC is suing to block Microsoft’s acquisition of video-game giant Activision Blizzard, Meta employees were reportedly Source link

It’s Monday, and you know what that means? After today, there are only two more Mondays left in 2022. This is Matt Weinberger, Insider’s deputy editor of tech analysis, filling in once again for Jordan Parker Erb. She’ll be back in time to write tomorrow’s edition, so never fear.  Last week was a big week for news, in a year that’s been full of big weeks for news — the FTC is suing to block Microsoft’s… Source link

Getty Images Key takeaways A report from tech-focused news site The Information suggests that Google layoffs could top 6%, or 10,000 employees, in early 2023 The report comes amid ongoing macroeconomic challenges, deflated tech stock prices and a letter from an activist investor If Google commits to downsizing, it will follow Big Tech peers like Meta and Amazon that have already slashed head counts this year As the global financial situation weighs on wallets and portfolios, big… Source link

Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters As industry-wide layoffs hit bigger tech names, some Google workers worry they’re next. While Google has so far avoided the widespread job cuts that have hit tech companies, particularly those supported by a slumping ad market, internal anxiety is on the rise, according to documents viewed by CNBC and employees who spoke on the condition… Source link