before this quarterly loss, it had continued to swing between losses and profits overall, for just $1.1 billion in cumulative profit between Q2 2022 and Q1 2024. “Intel is now the worst-performing tech stock in the S&P 500 this year,”CNBC wrote in April. ...
notably Meta's $13.7 billion operational loss in its Reality Labs division for 2022 as a whole. Microsoft laid off employees from its Mixed Reality Toolkit and HoloLens teams, cryptocurrency collapsed and consumers, eager to return to their pre-COVID lives, were...
Online retailer eBay has made the decision to lay off 1,000 employees, an estimated 9 percent of the company's workforce. In a note sent to employees, Jamie Iannone, President and CEO of eBay, shared the news, writing about the decision in an effort "to better position eBay for long...
Why Is Twitter Laying off 1 in 12 Employees?Subject line: "A more focused Twitter."In an all-staff email, Twitter co-founder Jack Dorsey -...Warner, Kelsey
Snapis laying off 100 employees, mostly in advertising and sales, the company said Thursday. “Over the past two years our company has grown a tremendous amount. Late last year we asked senior leaders across Snap to look closely at their teams to ensure they had the right resources and orga...
The job cuts affect about 6% of Alphabet’s workforce and exceed the 10,000 employees that Microsoft laid off earlier this week. Also this week,WeWork eliminated 300 roles globally. With juggernauts like Google and Microsoft laying off tens of thousands, this week has been devastating to many ...
Beyond 12,500 former Nokia employees, who else is Microsoft laying off? Nokia's Android X2 experiment ends Microsoft to discontinue Nokia Asha and S40 feature phones Microsoft's plan: A suite of 'experiences' on any device Microsoft's sales and marketing teams also will be impacted by...
Why is Embracer Group laying off employees and closing studios? Embracer Group has been sharply cutting costs since the company missed out on a $2 billion deal with an undisclosed party.(Image credit: Embracer Group) Back in April 2023, Embracer Group was being discussed as one ...
Meta will lay off an additional 10,000 employees through multiple rounds of cuts over the coming two months, close hiring for 5,000 open roles, and cancel more low-priority projects, CEO Mark Zuckerberg announced on Tuesday. These cuts come just four months after he laid off11,000 emplo...
Reuters is reporting Meta is laying off employees in its Metaverse silicon unit. Finally, if, like me, coffee is your thing, may I suggest the PACT COFFEE advent calendar? I’ve ordered mine and it’s an annual highlight (and this is not an ad – I just really like Pact). YOU ...