Laid-off techies struggle to find jobs with cuts at highest since 2001

The Google office in New York on February 2, 2023. Ed Jones | Afp | Getty Images Allison Croisant, a data scientist with about a decade of experience in technology, was laid off by PayPal earlier this year, joining the masses of unemployed across her industry. Croisant has one word to describe the process of … Read more

Temu returns to Super Bowl 58 with new commercial

Jakub Porzycki | Nurphoto | Getty Images Temu, the controversial Chinese e-commerce giant looking to take on Amazon, is returning to the big game on Sunday with a Super Bowl ad that lawmakers are calling on Paramount Global and CBS not to run. The company, owned by PDD Holdings, skyrocketed to prominence last year after … Read more

Tech layoffs jump in January as Alphabet, Meta, Microsoft reach high

L-R: Mark Zuckerberg, CEO of Facebook, Satya Nadella, CEO of Microsoft, and Sundar Picahi, CEO of Google. Reuters | Getty Images The S&P 500 is trading at a record and the Nasdaq is at its highest in two years. Alphabet shares reached a new pinnacle on Thursday, as did Meta and Microsoft, which ran past … Read more

EBay to slash about 1,000 roles, or 9% of full-time employees

eBay’s headquarters in San Jose, California, U.S. Bloomberg |  Getty Images EBay said Tuesday that it plans to lay off 9% of the company’s workforce, equal to about 1,000 full-time jobs, as the tech industry continues to downsize to start 2024. The stock rose more than 3% in extended trading. Jamie Iannone, eBay’s CEO, told … Read more

Mark Zuckerberg indicates Meta is spending billions on Nvidia AI chips

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Josh Edelson | AFP | Getty Images Meta is spending billions of dollars on Nvidia’s popular computer chips, which are at the heart of artificial intelligence research and projects. In an Instagram … Read more

Amazon courts sellers at China summit as Temu and Shein gain momentum

Packages move along a conveyor at an Amazon fulfillment center on Cyber Monday in Robbinsville, New Jersey, U.S., on Monday, Nov. 29, 2021. Michael Nagle | Bloomberg | Getty Images Amazon is making a fresh appeal to China-based sellers as it fends off growing competition from discount online retailers Temu and Shein, which both have … Read more

9 states move legal guidelines to crack down on theft

That is the ultimate a part of a three-part sequence on organized retail crime. The tales study the claims retailers make about how theft is impacting their enterprise and the actions firms and policymakers are taking in response to the difficulty. Learn the primary story right here and the second right here. When Walmart’s CEO, Doug McMillon, … Read more