AI Boom Stems Tech’s Downturn
Vinay Wagh’s venture is one. He decided earlier this year that this was the moment to launch a new company. He left a job at data-storage company…
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Browsing Tag
Downturn
Intel slashes employee, executive pay amid PC market downturn
Reuters
January 31
Intel Corp said on Tuesday that it had made broad cuts to employee and executive…
Fidelity Charitable launches NFT raffle amid crypto downturn
A visitor wearing a face mask walks past artwork displayed at an NFT (non-fungible token)-themed coffee shop at the…
Adobe Challenger Bets Economic Downturn Will Propel Sales
SYDNEY—As layoffs in the tech sector mount, one highly valued startup is attempting to persuade businesses that its products offer better value when many are seeking to cut costs.Australian…
Mark Zuckerberg to let go 13% of Meta’s employees amid slow revenue and macroeconomic downturn
Today, Meta’s CEO Mark Zuckerberg announced the company will lay off about 13% of its workforce, more than 11,000 employees, to “become a leaner and more efficient company by cutting…
Apple cuts budget and pauses hiring amid concerns of economic downturn
As Apple fears an economic downturn, the company is now bringing a more cautious approach to hiring new staff. Another report indicates that the company’s internal plans are a bit…
Samsung Expects Sharp Downturn in Chip Sales to Extend Into Next Year
PYEONGTAEK, South Korea—
Samsung Electronics Co.
sees the sharp downturn in chip sales extending into next year, the latest note of pessimism for a…
SoftBank Reports Record $23 Billion Quarterly Loss as Tech Downturn Hits
TOKYO—Japanese technology investor
SoftBank
9984 0.74%
Group Corp. on Monday reported a record quarterly loss of…