Tag Archives: tech

Topline Hundreds of employees were cut from major tech companies this week, including at Amazon, Google and Duolingo, as businesses look to “rightsize” their workforces and cut costs, following up on a parade of layoffs that dominated the news cycle and led to even steeper cuts amid lingering recession fears in 2022 and 2023. across multiple divisions. AFP via Getty Images Key Facts Twitch, a live streaming site owned by Amazon, announced plans to cut 35% of its staff (roughly 500… Source link

Restrictive US policies limiting advanced chip exports to China have done little to dampen Qualcomm’s (QCOM) enthusiasm for the world’s second-largest economy. In an interview at CES 2024 in Las Vegas, CEO Cristiano Amon expressed confidence about Qualcomm’s business in the country, its largest market by revenue. “If you have a leading technology, you’re going to have a big business in China,” he said. The San Diego-based firm finds itself in a difficult situation, as the White House… Source link

Google is starting 2024 by cutting several hundred jobs across the company. The company confirmed the layoffs to USA TODAY Friday and that they will impact employees within Google’s hardware and central engineering teams, as well employees who work on Google Assistant, the company’s voice-activated software product. Other parts of the company were also affected. “As we’ve said, we’re responsibly investing in our company’s biggest priorities and the significant opportunities ahead,” the… Source link

Comment on this storyComment Add to your saved stories Save SAN FRANCISCO — The wave of layoffs that has broken over Silicon Valley in the past two years isn’t over. On Wednesday, Google confirmed it had cut hundreds of engineering and hardware workers as it sought to cut costs and refocus on artificial intelligence. The same day, Amazon said it would cut some positions at its Prime Video and MGM Studios entertainment divisions. Twitch, a video game streaming company owned by Amazon, also… Source link

Amazon, Microsoft are boosting Saudi offices amid state pressure SEBASTIEN BOZON / AFP) (Photo by SEBASTIEN BOZON/AFP via Getty Images Global technology giants including Amazon.com Inc., Alphabet Inc.’s Google and Microsoft Corp. are among firms working to ramp up their presence in Saudi Arabia amid pressure from the government, which has said it will stop giving contracts to companies without regional headquarters in the country. The three US firms… Source link

[unable to retrieve full-text content]2023 market recap: Tech stocks lead Nasdaq’s annual gains  Yahoo Finance Source link

[unable to retrieve full-text content]How tech will let the S&P 500 continue its streak into 2024  Yahoo Finance Source link

[unable to retrieve full-text content]Why Google’s lobbying in California skyrocketed this year  Tech Xplore Source link

[unable to retrieve full-text content]Bay Area tech layoffs: Yahoo, Twilio cut hundreds of workers  San Francisco Chronicle Source link

[unable to retrieve full-text content]Meta, Google and Amazon saw ad revenue soar, thanks to AI and ad tech  Ad Age Source link