Tag Archives: parent

Yandex parent company to sell its Russian businesses for $5.2 billion

Yandex parent company to sell its Russian businesses for $5.2 billion

The Netherlands-based parent company of the Yandex group is selling its Russian businesses to local investors for $5.2 billion, the company announced on Monday. Despite a mandatory discount of at least half enforced by the Kremlin, this would be the largest corporate exit from Russia since it invaded Ukraine two years ago. Yandex, often referred to as “Russia’s Google,” was founded in Russia in the late 1990s and went public on the Nasdaq in 2011 via a company called Yandex NV registered… Source link

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Yandex parent company announces $5.2 billion deal to sell Russian assets — Meduza

Yandex parent company announces $5.2 billion deal to sell Russian assets — Meduza

After a year and a half of negotiations, Yandex founder Arkady Volozh and foreign shareholders have reached a deal to part ways with the company’s Russian assets. The Russian IT giant’s Netherlands-based parent company announced Monday that it will sell a large portion of its operations to a consortium of Russian investors before rebranding and continuing to develop its remaining international properties. The Russian investment fund making the purchase, called Consortium.First, includes… Source link

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What To Expect From Google’s Parent Alphabet Today

What To Expect From Google’s Parent Alphabet Today

MOUNTAIN VIEW, CALIFORNIA – JANUARY 31: A sign is posted in front of a building on the Google campus … [+] on January 31, 2022 in Mountain View, California. Google parent company Alphabet will report fourth quarter earnings on Tuesday after the closing bell. (Photo by Justin Sullivan/Getty Images) Getty Images Alphabet GOOGL Inc. is scheduled to report earnings after today’s close. The stock hit a record split adjusted high of $151.55/share in 2022 and is currently trading near… Source link

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Google parent company Alphabet announces 12K job cuts

Google parent company Alphabet announces 12K job cuts

IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Google parent company Alphabet announces 12K job cuts 00:35 UP NEXT Germany hesitant to send tanks to Ukraine as NATO discusses weapon supplies 03:19 Biden pledges support ‘every step of the way’ as California recovers from storms  04:43 Rep. George Santos denies claims he performed as a drag queen 03:31 March for Life returns to Washington for first time since overturning of Roe v. Wade 03:41 Do… Source link

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Google Parent Alphabet to Cut 12,000 Jobs

Google Parent Alphabet to Cut 12,000 Jobs

Alphabet, the parent company of Google, said on Friday that it plans to cut 12,000 jobs, becoming the latest technology company to reduce its work force after a hiring spree during the pandemic and amid concerns about a broader economic slowdown. The job cuts are the company’s largest ever, amounting to about 6 percent of the company’s global work force. Sundar Pichai, Alphabet’s chief executive, said the company expanded too rapidly during the pandemic, when demand for digital… Source link

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Google parent Alphabet to cut 12,000 jobs, citing ‘economic reality’

Google parent Alphabet to cut 12,000 jobs, citing ‘economic reality’

Google parent Alphabet Inc. is cutting 12,000 jobs worldwide in the latest round of layoffs to hit the technology sector. CEO Sundar Pichai announced the cuts in a memo to Google employees that was later shared online in a company blog post. “This will mean saying goodbye to some incredibly talented people we worked hard to hire and have loved working with,” Pichai said. “I’m deeply sorry for that. The fact that these changes will impact the lives of Googlers weighs heavily on me, and I take… 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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Google parent files redacted motion to dismiss U.S. federal antitrust lawsuit

Google parent files redacted motion to dismiss U.S. federal antitrust lawsuit

WASHINGTON, Jan 11 (Reuters) – Google parent Alphabet (GOOGL.O) filed on Wednesday a redacted version of its motion to dismiss a U.S. government lawsuit against it, which argued that the company broke antitrust law to maintain its monopoly in search and search advertising. The filings on Wednesday show that the company is mounting a vigorous defense against the antitrust cases, which, if successful, could force the tech giant to spin off assets. In December, Google asked Judge Amit Mehta of… Source link

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