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About that 'alarming' chip shortage - don't count on new fab plants to help quickly
Nov 13,2023
The global semiconductor shortage made worse by the coronavirus pandemic and supply chain issues shows no signs of improving as industries worldwide have had to halt production while waiting for processors. A report from the US Department of Commerce...
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Nvidia may abandon its $40B ARM acquisition
Nov 13,2023
I can't help but imagine sighs of relief may be heard from Cupertino on the news Nvidia may abandon its attempt to acquire Apple's strategically important supplier, Arm. Competitive concerns put deal on ice Nvidia has reportedly told partners it does...
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Talent war to push CIOs toward consultancies, managed services in '22
Nov 13,2023
This will be the year CIOs should be able to move past short-term projects that deal with pandemic-related workplace issues and focus on longer-term IT projects, according to a new study by Gartner Research. Despite the Omicron COVID-19 variant, an e...
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Microsoft to buy video game maker Activision Blizzard for $68.7B
Nov 13,2023
In a buyout that dwarfs others, Microsoft announced plans today to purchase digital game development company Activision Blizzard in an all-cash deal worth$68.7 billion. If the acquisition goes through, it would significantly add to Microsoft's alread...
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Netflix to launch ad-supported tier with Microsoft in 2023
Nov 13,2023
Netflix lost nearly another million subscribers during the second quarter of 2022, but it hopes the launch of a new ad-supported streaming tier in partnership with Microsoft early next year can boost growth. The new budget service will launch ea...
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Microsoft commits to ban non-competes and increase pay transparency in the US
Nov 13,2023
Microsoft has launched four new employee workforce initiatives aimed at creating a more transparent workplace culture, including the banning of non-compete clauses in contracts and a commitment to improved pay transparency. The four commitments have ...
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VPN providers flee Indian market ahead of new data rules
Nov 13,2023
VPN provider Surfshark became the latest company to pull its servers from India this week, in response to government attempts to regulate encrypted web traffic. The new directive by India's top cybersecurity agency, the Indian Computer Emergency Resp...
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Four-day workweek pilot kicks off for thousands of UK workers
Nov 13,2023
Thousands of employees in the UK started a four-day week pilot on Monday with no reduction in pay. The pilot project, the largest trial of its kind to date, involves 3,300 workers at 70 companies ranging from a car parts retailer to an animation stud...
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Microsoft promises to engage with employee unions
Nov 13,2023
Microsoft has promised to engage with employee unions at the company and won't seek to stop them forming. "Recent unionization campaigns across the country - including in the tech sector - have led us to conclude that inevitably these issues will tou...
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Video collaboration startup Loom announces layoffs
Nov 13,2023
Loom, a collaboration startup that sells software for asynchronous video communication, has laid off staff, citing cost reductions amid economic headwinds. According to sources cited byTechCrunch, the company laid off 34 employees, which amounts to 1...
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Is Elon Musk's 'return to office' mandate genius or corporate suicide?
Nov 13,2023
Tesla and SpaceX chief executive Elon Musk this week delivered an ultimatum to the two companies' white-collar workers: get back in the corporate office or face firing. The demand to work at least 40 hours in the office was originally made known thro...
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Salesforce to slow hiring and M&A activity after posting strong Q1 results
Nov 13,2023
Salesforce saw revenue rise 24% year over year to$7.41 billion, marking a strong start the financial year for the software-as-a-service giant. However, net income fell 94% from$469 million to$28 million for the quarter. Revenue for Sales Cloud was$1....
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