Tag Archives: tech

U.S. stocks gained Monday as investors braced for a jam-packed week of corporate earnings and contemplated the Federal Reserve’s next rate move before officials meet later this month. The S&P 500 (^GSPC) advanced 1.2%, while the Dow Jones Industrial Average (^DJI) jumped about 250 points, or 0.8%. The technology-heavy Nasdaq Composite (^IXIC) again led the way higher, rallying 2%. The moves Monday come after the S&P 500 and Nasdaq rallied toward a winning week on Friday, regaining their… Source link

A Google engineer laid off after 16 years said the tech giant sees staff as “100% disposable.”Beata Zawrzel/NurPhoto via Getty Images An engineering manager laid off by Google said the tech giant sees staff as “100% disposable.” Justin Moore said on LinkedIn that he was laid off through an automatic account deactivation. Moore was one of 12,000 people affected by the company’s mass layoff last week. A Google engineer laid off after over 16 and a half years at the firm said the tech giant views… Source link

Google’s decision to let go of 12,000 employees was only just announced on Friday, but it extended the recent trend of the “Big Tech” companies cutting jobs in previously unheard-of numbers, and now we’ve seen more reports about where those cuts happened. The Information reports that at Google, layoffs spread through nearly every group, including projects like Chrome, Search, Android, and Google Cloud. Its sources said they affected people who’d previously received “high… Source link

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Google and Wayfair join tech companies announcing big layoffs – CBS Boston Watch CBS News Wayfair made its announcement Friday morning that the company will let go of more than 1,700 employees. WBZ-TV’s Brandon Truitt reports. Be the first to know Get browser… Source link

As Big Tech continues to reel from its massively difficult 2022, some of the sector’s biggest names are beginning 2023 by laying off employees by the thousands. In 2022, companies like Meta (META), Amazon (AMZN), and Intel (INTC) announced major job cuts following years of expansion. There’s hope that Big Tech is set up for a better year in 2023, but high interest rates, inflation, a hawkish Fed, and spending slowdowns among both advertisers and consumers have created a storm that’s not… Source link

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

Netflix (NFLX) earnings are set for release on Thursday, kicking off two-week period during which most of the market’s biggest tech companies will report their quarterly results. And according to Wedbush analyst Dan Ives, investors are focused on three big questions ahead of these results. First, a key focus will be on whether enterprise spending is holding up better than feared. Over the past decade, there’s been a rapid adoption of cloud services, with this trend accelerating during the… Source link

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 Tuesday, January 17, 2023 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Half a world away, big tech is in a world of its own. Yours truly and our very own Julie Hyman are on the ground again… Source link

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission. All prices are correct at the time of publishing. It’s Friday, which means it’s time for another roundup of the week’s best tech deals. Today we’re seeing good prices on Google’s Pixel 7 and Pixel 7 Pro phones, a couple of all-time lows on the 10.2-inch iPad… Source link