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Technology

Technology

Microsoft offers lackluster guidance, says new business growth slowed in December

Microsoft issued a disappointing revenue forecast for the current quarter in its earnings call on Tuesday, causing a reverse in the stock price after...

by admin January 24, 2023
Microsoft offers lackluster guidance, says new business growth slowed in December
Technology

Elon Musk testifies he would have sold SpaceX stock to take Tesla private in 2018

Elon Musk speaks near a Falcon 9 rocket during his announcement that Japanese billionaire Yusaku Maezawa will be the first private passenger who will...

by admin January 23, 2023
Elon Musk testifies he would have sold SpaceX stock to take Tesla private in 2018
Technology

Crypto exchange Gemini lays off 10% of workforce in its latest round of cuts

Tyler Winklevoss and Cameron Winklevoss (L-R), co-founders of crypto exchange Gemini, on stage at the Bitcoin 2021 Convention in Miami, Florida. Joe Raedle |...

by admin January 23, 2023
Crypto exchange Gemini lays off 10% of workforce in its latest round of cuts
Technology

Microsoft announces new multibillion-dollar investment in ChatGPT-maker OpenAI

Microsoft CEO Satya Nadella speaks at the company’s Ignite Spotlight event in Seoul on Nov. 15, 2022. SeongJoon Cho | Bloomberg | Getty Images...

by admin January 23, 2023
Microsoft announces new multibillion-dollar investment in ChatGPT-maker OpenAI
Technology

Spotify cuts 6% of its workforce — read the memo CEO Daniel Ek sent to staff

Daniel Ek, CEO of Swedish music streaming service Spotify. Toru Yamanaka | AFP | Getty Images Spotify announced Monday it’s cutting 6% of its...

by admin January 23, 2023
Spotify cuts 6% of its workforce — read the memo CEO Daniel Ek sent to staff
Technology

Feds seize almost $700 million of FTX assets in Sam Bankman-Fried criminal case

Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New...

by admin January 20, 2023
Feds seize almost 0 million of FTX assets in Sam Bankman-Fried criminal case
Technology

Twitter is down to fewer than 550 full-time engineers

Pedestrians outside Twitter headquarters in San Francisco on Oct. 6, 2022. David Paul | Bloomberg | Getty Images Twitter’s full-time headcount has dwindled to...

by admin January 20, 2023
Twitter is down to fewer than 550 full-time engineers
Technology

Here are the layoff severance packages Google, Microsoft, Amazon and other tech giants have promised

Google headquarters is seen in Mountain View, California, United States on September 26, 2022. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images) Anadolu Agency...

by admin January 20, 2023
Here are the layoff severance packages Google, Microsoft, Amazon and other tech giants have promised
Technology

Google to lay off 12,000 people — read the memo CEO Sundar Pichai sent to staff

Google said Friday it will lay off 12,000 people from its workforce, adding to the slew of major U.S. tech companies cutting jobs amid...

by admin January 20, 2023
Google to lay off 12,000 people — read the memo CEO Sundar Pichai sent to staff
Technology

Google is delaying a portion of employee bonus checks

Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June...

by admin January 19, 2023
Google is delaying a portion of employee bonus checks
Technology

Texas Instruments replaces CEO Rich Templeton with current operating chief Haviv Ilan

Richard Templeton, chairman, president and chief executive officer of Texas Instruments Inc., speaks during a House Science, Space and Technology Committee hearing in Washington,...

by admin January 19, 2023
Texas Instruments replaces CEO Rich Templeton with current operating chief Haviv Ilan
Technology

Netflix founder Reed Hastings is giving up his CEO role

Netflix founder Reed Hastings is giving up his CEO role but will stay on as chairman, the company announced alongside its earnings report Thursday....

by admin January 19, 2023
Netflix founder Reed Hastings is giving up his CEO role
Technology

Netflix blows away expectations on subscriber numbers

Illustration of stock trading graph of Netflix seen on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Netflix added...

by admin January 19, 2023
Netflix blows away expectations on subscriber numbers
Technology

Crypto publication CoinDesk hires Lazard to explore sale as crisis deepens at parent company DCG

Barry Silbert, Founder and CEO, Digital Currency Group  Anjali Sundaram | CNBC Crypto trade publication CoinDesk is exploring a potential sale, hiring advisors at...

by admin January 18, 2023
Crypto publication CoinDesk hires Lazard to explore sale as crisis deepens at parent company DCG
Technology

Apple is the only tech giant that still hasn’t announced layoffs — these charts may explain why

An employee cleans a window at Apple Inc.’s new Canton Road store in the Tsim Sha Tsui district of Hong Kong, China. Xaume Olleros...

by admin January 18, 2023
Apple is the only tech giant that still hasn't announced layoffs — these charts may explain why
Technology

Read the memos Amazon execs sent to employees about job cuts

Amazon on Wednesday commenced the latest wave of job cuts in its corporate workforce in what’s poised to be the largest round of layoffs...

by admin January 18, 2023
Read the memos Amazon execs sent to employees about job cuts
Technology

Microsoft, Amazon and other tech companies have laid off more than 60,000 employees in the last year

Microsoft CEO Satya Nadella speaks at the company’s Ignite Spotlight event in Seoul on Nov. 15, 2022. SeongJoon Cho | Bloomberg | Getty Images...

by admin January 18, 2023
Microsoft, Amazon and other tech companies have laid off more than 60,000 employees in the last year
Technology

Twitter is auctioning off espresso machines and kegerators from its San Francisco headquarters

Elon Musk Twitter page seen on mobile with his poll to step down as head of Twitter Jonathan Raa | Nurphoto | Getty Images...

by admin January 18, 2023
Twitter is auctioning off espresso machines and kegerators from its San Francisco headquarters
Technology

FTX says $415 million of crypto was hacked

FTX logo displayed on a phone screen is seen through the broken glass in this illustration photo taken in Krakow, Poland on November 14,...

by admin January 17, 2023
FTX says 5 million of crypto was hacked
Technology

Bitcoin has now recovered all its losses since FTX collapsed

A Bitcoin logo inside a BitBase cryptocurrency exchange in Barcelona, Spain, on Monday, May 16, 2022. Angel Garcia | Bloomberg | Getty Images Bitcoin...

by admin January 17, 2023
Bitcoin has now recovered all its losses since FTX collapsed
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