[ad_1] SAN FRANCISCO: Tech titans Google and Microsoft announced better then expected earnings on Tuesday as the frenzy over artificial intelligence stokes investor excitement and breathes a new life into the sector. The release of ChatGPT last year landed as tech giants were embarking on major layoffs and cost-cutting plans, with share prices hammered after … Read more
[ad_1] In this photo illustration a Pixar Animation Studios logo is seen on a smartphone screen. Sopa Images | Lightrocket | Getty Images Walt Disney‘s Pixar Animation Studios has eliminated 75 positions including those of two executives behind the box office disappointment “Lightyear,” sources said on Saturday, the first significant job cuts at the studio in … Read more
[ad_1] Alibaba pointed to its recruiting system as evidence that the company is still hiring. Alibaba Group Holding Ltd. said it plans to hire 15,000 people this year, pushing back on reports that the Chinese tech firm is laying off employees. In a statement released on Weibo on Thursday, the Chinese e-commerce platform said its … Read more
[ad_1] A federal judge in California has tossed out a lawsuit accusing Twitter Inc of discriminating against workers with disabilities by requiring employees to report to the office and put in long hours working at high intensity.US District Judge Haywood Gilliam in Oakland in a ruling issued late on Friday decided that plaintiff Dmitry Borodaenko, … Read more
[ad_1] NEW YORK: Gap is laying off 1,800 corporate workers as the struggling chain cuts costs in a bid to become more nimble.There have been numerous job cuts at U.S. corporations this year like Amazon and McDonald’s that have hit particularly hard for white collar workers as the economy slows.In a regulatory filing Thursday, the … Read more
[ad_1] Last Updated: April 26, 2023, 03:05 IST Rise in profit show that search engine behemoth Google is regaining its footing. (File Photo) Its quarterly revenue came in at nearly $70 billion, a billion better than expected by analysts Google parent company Alphabet beat market expectations in the first quarter of 2023 with a net … Read more
[ad_1] Last Updated: April 25, 2023, 03:32 IST First Republic reported first-quarter results Monday that showed it had $173.5 billion in deposits in early March before Silicon Valley Bank failed on March 9. (Image: Reuters) Even through this crisis, the bank’s book of loans more than 90 days past due was zero Customers of First … Read more
[ad_1] SAN FRANCISCO: Alphabet Inc Chief Executive Sundar Pichai received total compensation of about $226 million in 2022, more than 800 times the median employee’s pay, the company said in a securities filing on Friday.Pichai’s compensation included stock awards of about $218 million, the filing showed.The pay disparity comes at a time when Alphabet, the … Read more
[ad_1] Meta has already notified the managers through a memo about the latest job cuts to be announced on Wednesday. Meta, Disney Layoffs: After the previous rounds of sackings, the tech companies are still on the layoff spree After laying off 21,000 employees in two tranches recently, Meta Platforms, the parent company of social media … Read more
[ad_1] SAN FRANCISCO: Meta Platforms Inc is set to commence companywide layoffs on Wednesday as it restructures teams and works toward founder Mark Zuckerberg’s goal of greater efficiency.The Facebook parent company notified managers to prepare to announce job cuts on Wednesday, via a memo seen by Bloomberg News. It indicates Facebook, WhatsApp, Instagram and Reality … Read more