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
Peter Lancaster in Argentina. Courtesy of Peter Lancaster Forget the “quarter-life crisis.” These days, millennials are turning to the “quarter-life sabbatical.” Amid the waves of mass layoffs, people are choosing to repurpose their unemployment into soul-searching, and many are extending their time away from the cubicle to travel the world. Peter Lancaster, 31, was laid … Read more
POLAND – 2023/09/11: In this photo illustration, IBM logo seen displayed on a smartphone with Artifical Intelligence (AI) symbols in the background. Omar Marques | Lightrocket | Getty Images IBM on Tuesday told employees in its marketing and communications division that it’s slashing the size of its staff, according to a person with knowledge of … Read more
The tech sector is having a big 2024. Nvidia just crushed earnings expectations. The artificial intelligence boom remains in full swing. The tech-heavy Nasdaq index is up more than 8 percent year to date. The U.S. economy is also doing surprisingly well, adding 353,000 jobs in January, well ahead of economists’ forecasts. Hotter-than-expected inflation data … Read more
The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. Costfoto | Nurphoto | Getty Images Chinese tech giant Alibaba Group is betting on its overseas businesses while domestic consumption growth remains sluggish. One bright spot in Alibaba’s latest earnings report was its international e-commerce business unit, which posted … Read more
TechCrunch Mobility is a weekly newsletter dedicated to all things transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. This week’s news includes a BMW security … Read more
Chuck Robbins, Cisco CEO & Chairman, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC Cisco announced plans to cut 5% of its workforce on Wednesday, a decision that will result in the elimination of about 4,250 jobs. Shares were down as much as 9% in extended trading. It’s the latest … Read more
TORONTO — Canada’s largest media and telecom company said Thursday it is ending multiple television newscasts and making other programming cuts after its parent company announced 4,800 layoffs and the sale of 45 of its 103 regional radio stations. In an internal memo to Bell Media employees, it said news stations such as CTV and … Read more
Image: Jaap Arriens (Getty Images) The Federal Trade Commission isn’t happy with the outcome of Microsoft’s $68.7 billion acquisition of Activision Blizzard, telling a court on Wednesday that Microsoft’s recent layoffs contradict promises it made to get the merger approved. Warning! Microsoft Wants ChatGPT to Control Robots Next In a letter to the clerk of … Read more
Justin Tallis | AFP via Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Stocks advanceU.S. stocks gained … Read more