Tag Archives: lays

Google is planning to reduce senior executives’ pay as part of a cost-cutting drive that includes laying off 12,000 workers.  Sundar Pichai, chief executive of Google and its parent Alphabet (ticker: GOOG), said employees at the senior vice president level and above would get lower bonuses, The Wall Street Journal reported, citing people who heard the remarks at a companywide meeting on Monday.  Source link

Google’s Area 120 division has been severely affected by the layoffs happening across Alphabet, according to Bloomberg and TechCrunch, which said the unit now has fewer than 100 employees after the most recent round of cuts. Area 120 is known as Google’s in-house incubator, which works on experimental apps and products. Those include GameSnacks, an HTML5-based platform that enables users to load and play games quickly even on poor connections and basic smartphones. Sundar Pichai established… Source link

Google’s Area 120 division has been severely affected by the layoffs happening across Alphabet, according to Bloomberg and TechCrunch, which said the unit now has fewer than 100 employees after the most recent round of cuts. Area 120 is known as Google’s in-house incubator, which works on experimental apps and products. Those include GameSnacks, an HTML5-based platform that enables users to load and play games quickly even on poor connections and basic smartphones. Sundar Pichai established… Source link

Google’s Area 120 division has been severely affected by the layoffs happening across Alphabet, according to Bloomberg and TechCrunch, which said the unit now has fewer than 100 employees after the most recent round of cuts. Area 120 is known as Google’s in-house incubator, which works on experimental apps and products. Those include GameSnacks, an HTML5-based platform that enables users to load and play games quickly even on poor connections and basic smartphones. Sundar Pichai established… Source link

The ongoing wave of tech industry redundancies continues as Google has announced it’s laying off 12,000 staff, the largest in company history. CEO Sundar Pichai announced the lay-off’s in a blog post, saying that Google had previously “hired for a different economic reality than the one we face today” and that jobs would be cut across a variety of different departments. “This will mean saying goodbye to some incredibly talented people we worked hard to hire and have loved working with,” Pichai… 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

A version of this article first appeared in the Yahoo Finance Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Macy’s (M) dumped some bad news on Friday evening. Management teams for public companies will sometimes think it’s clever trying to bury bad news into a weekend in hopes investors will forget it before the opening bell on Monday. The lame tactic rarely works. So let’s break down this textbook news dump Macy’s pulled on… Source link

Crypto lender Genesis is cutting 30% of its staff in another round of layoffs, the company said Thursday. First reported by the Wall Street Journal, this latest round of job cuts comes two months after it froze customer withdrawals. Genesis is a crypto financial services company with trading, lending, market making, and custody businesses that is owned by Digital Currency Group (DCG). DCG also owns Grayscale, sponsor of the world’s largest bitcoin trust, GBTC, as well as crypto media outlet,… Source link

Disney (DIS) laid out key levers it can pull to help battle a potential recession — as the media giant’s theme parks business showed signs of weakness in the fourth quarter. On the earnings call following the disappointing results, Disney CFO Christine McCarthy noted that the company has tools, both new and old, that it can utilize to keep its parks business afloat should consumers pull back spending. According to the executive, one tool includes discounting — something that McCarthy noted… Source link

Four years ago Microsoft dedicated a glowing portrait to KC Lemson in order to properly celebrate her contribution as the creator of its unofficial yet beloved Ninja Cat mascot. On Monday, the trailblazing “maestro of fun, mastermind of memes,” as Microsoft described her, found out she had been laid off from the software company she loved after more than two decades. “I’ve got a good network and sent a lot of feelers out today, but there just aren’t many openings,” she posted late… Source link