Walmart to close three U.S. tech hubs, relocate staff
By Siddharth Cavale and Granth Vanaik (Reuters) – Walmart Inc will close three of its U.S. technology hubs, asking hundreds of workers to relocate to keep their jobs, a company…
Yahoo to lay off more than 20% of staff
By Tiyashi Datta (Reuters) – Yahoo said on Thursday it plans to lay off more than 20% of its total workforce as part of a major restructuring of its ad…
Zoom to shed about 1,300 jobs as pandemic-fueled demand slows
By Akash Sriram and Samrhitha Arunasalam in Bengaluru (Reuters) – Zoom Video Communications Inc said on Tuesday it would cut about 1,300 jobs, as demand for the company’s video conferencing…
Dell to slash about 6,650 jobs
By Shivani Tanna (Reuters) – Dell Technologies Inc will eliminate about 6,650 jobs, or about 5% of its global workforce, hurt by falling demand for its personal computers, Bloomberg News…
Amazon’s outlook disappoints as customer budgets stay tight
By Jeffrey Dastin and Tiyashi Datta (Reuters) – Amazon.com Inc on Thursday said its operating profit could fall to zero in the current quarter as savings from layoffs do not…
Meta stuns Street with lower costs, big buyback, upbeat sales
By Katie Paul and Nivedita Balu (Reuters) – Meta Platforms Inc’s stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO…
IBM cuts 3,900 jobs, misses annual cash target
By Chavi Mehta (Reuters) – IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations…
Apple likes football
Apple wants streaming football and is targeting the world’s biggest league, the Premier League. According to the Daily Mail, the US company has decided to submit a bid to acquire one of the TV…
Twitter faces legal complaint in Germany over anti-Semitic content
By Madeline Chambers BERLIN (Reuters) – A group of Jewish students and an anti-hate speech association have filed a legal complaint against Twitter at a German court, they said on…
Microsoft cloud outage hits users around the world
By Akriti Sharma (Reuters) – Microsoft Corp said on Wednesday it had recovered all of its cloud services after a networking outage took down its cloud platform Azure along with…