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Amazon to layoff 10,000 employees: Report
Nov 13,2023
Joining other technology companies that are laying off workers to battle global economic headwinds, Amazon is expected to cut close to 10,000 employees by the end of this week, according to a report from The New York Times. The job cuts, which would ...
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Cloud, services to fuel 3.7% jump in EMEA IT spending in 2023: Gartner
Nov 13,2023
New research from Gartner shows that IT spending in EMEA is set to see a 3.7%, year- over-year increase in 2023, rising to$1.3 trillion. While companies are often hesitant to sign new contracts or commit to long-term spending initiatives during turbu...
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UPDATE: Meta confirms it will cut thousands of jobs
Nov 13,2023
Meta, the parent company of Facebook, Instagram and WhatsApp, has confirmed that it is preparing to cut thousands of jobs, impacting 13% of its global workforce. The news comes mere weeks after weak performances from Facebook and Instagram saw$80 bil...
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Are in-office mandates killing productivity?
Nov 13,2023
After worker productivity climbed to near-record levels during the first two years of the COVID-19 pandemic and the shift to hybrid and remote work, it fell hard in the first half of 2022 - leaving experts to scratch their heads as to why. On Thursda...
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Apple must take another brick from its wall, says EU
Nov 13,2023
The European Union (EU) wants to break down the wall surrounding Apple's proverbial garden, as new laws targeting Big Tech may force the company to support third-party app stores on its devices. Another brick from the wall The EU's Digital Markets Ac...
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Global monthly semiconductor sales drop as chip market takes another hit
Nov 13,2023
Worldwide semiconductor sales are down 0.5% in September, on a month-to-month basis, according to statistics released by the Semiconductor Industry Association, and down 3% compared to September 2021, as demand continues to soften in the face of mult...
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Do Google and Mozilla know something about Apple we don't?
Nov 13,2023
Yet more signals suggest Apple may be preparing to open hitherto closed elements of its ecosystem: both Google and Mozilla are working on iOS web browsers that don't use WebKit, Apple's rendering engine. Mozilla and Google seem to be prepping Mozilla...
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Zoom lays off 15% of its workforce after growth spurt during pandemic
Nov 13,2023
After expanding its staff by three times in the span of 24 months during the pandemic, cloud-based videoconferencing service provider Zoom on Wednesday said that it was laying off 15% of its workforce, fearing uncertain macroeconomic conditions. "We ...
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Apple's $117.2 billion Q1 misses earnings expectations
Nov 13,2023
Apple on Thursday reported revenues of$117.2 billion in the first fiscal quarter, off 5% from a year earlier. While there were several bright spots, the financial report confirmed iPhone supply challenges plagued the company in the last three months ...
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Intel cuts employee, executive salaries as it faces weak PC, chip demand
Nov 13,2023
After posting a double-digit revenue decline for its fourth quarter of 2022, Intel is looking to weather a potentially problematic 2023 by making companywide cuts to employee pay. Responding to media reports about possible pay cuts, Intel said on Wed...
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The Great Resignation: Where did the millions who quit their jobs go?
Nov 13,2023
Tens of millions of American have quit their jobs since the beginning of the pandemic in what's become known as the Great Resignation -and a new study indicates those workers feel good about where they wound up. The study by online education service ...
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US wins support from Japan and Netherlands to clip China's chip industry
Nov 13,2023
The US has convinced two other countries to join it in expanding a ban on exports of chip-making technology to China, according to a report by Bloomberg. The move could cramp China's home-grown chip industry as there are few, if any, other sources fo...
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