Technology stocks are having a pretty rough start to 2023, but that could actually be an ominous signal. The Nasdaq Composite Index COMP, +0.95% is up 11% year-to-date this month, on track for its best January performance since gaining 12.2% in 2001, according to Dow Jones Market Data. But that 2001 rally cooled off considerably: … Read more
Brendan McDermid | Reuters Amazon will begin charging delivery fees for fresh grocery orders under $150, in a move it says will help keep the prices of its services down. Starting February 28, Prime members who want Amazon Fresh home delivery will be charged a $9.95 delivery fee for orders under $50, while orders between … Read more
Several media watchdogs have condemned the Indian government’s decision to ban a BBC documentary criticizing Prime Minister Narendra Modi, and have criticized the use of emergency powers to prevent clips from being viewed or shared online in India. An adviser to India’s Ministry of Information and Broadcasting said on Saturday that Twitter and YouTube have … Read more
A deteriorating macroeconomic environment and the collapse of industry giants such as FTX and Terra have weighed on bitcoin’s price this year. STR| Nurphoto via Getty Images Cryptocurrency exchange Luno is the latest company in the industry to make layoffs, seeking to cut 35% of its global workforce. The CEO of the London-based company, Marcus … Read more
Google’s headquarters is seen in Mountain View, California, United States on Sept. 26, 2022. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images) Anadolu Agency | Anadolu Agency | Getty Images Google cut more than 1,800 jobs in its home state of California as part of the largest round of layoffs in the company’s history. On … Read more
Sundar Pichai, CEO, Alphabet Louis Gene | AFP | Getty Images Days after Google announced the largest round of layoffs in the company’s 25-year history, executives defended the job cuts and answered questions from a concerned workforce at a town hall meeting Monday. Google CEO Sundar Pichai led the company-wide meeting and told employees that … Read more
We all get bored on the internet, right? Aimless scroll through Twitter or click through TV tropes, eyes glassy as we spend hours doing the online equivalent of rechecking an empty fridge. But some people, it seems, use their boredom-induced web surfing for more than just rereading all tropes of Catra. Some use it to … Read more
Google employees search for answers from management and colleagues as the company undergoes a mass layoff. On Friday, AlphabetGoogle-owned Google announced it would cut 12,000 employees, about 6% of its full-time workforce. As employees braced for a possible layoff, they question leadership on layoff criteria, surprising some employees, who woke up to find their access … Read more
Google said Friday it will lay off 12,000 of its workforce, adding to hopes of major U.S. tech companies cutting jobs over fears of an impending recession. Google CEO Sundar Pichai said in an email to company staff on Friday that the company will begin making layoffs in the US immediately. In other countries, the … Read more
