Co-founder and CEO of Snap Inc. Evan Spiegel attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol, in Washington, U.S., January 31, 2024. Nathan Howard | Reuters Social media company Snap said Monday that it will lay off 10% of its global workforce, or around 500 employees, in part … Read more
Visitors take photos in front of the Meta sign at its headquarters in Menlo Park, California, December 29, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Technology companies are learning an old lesson from Wall Street: maturing means shrinking. Meta and Amazon saw their shares spike on Friday following their fourth-quarter earnings reports. While … Read more
Zoom CEO Eric Yuan speaks at the Dropbox Work In Progress Conference in San Francisco on Sept. 25, 2019. Matt Winkelmeyer | Getty Images for Dropbox Zoom is cutting about 150 jobs, CNBC confirmed on Thursday, the latest tech company to slash headcount this year as investors continue to push for efficiency. The company confirmed the … Read more
In this photo illustration, an Okta logo is displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket | Getty Images Hackers who compromised Okta’s customer support system stole data from all of the cybersecurity firm’s customer support users, Okta said in a letter to clients obtained by CNBC Tuesday, a far greater incursion … Read more
The Okta Inc. website on a laptop computer arranged in Dobbs Ferry, New York, U.S., on Sunday, Feb. 28, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Okta has shed more than $2 billion from its market valuation since the company disclosed a hack of its support systems on Friday. The high-profile incident is the … Read more
Microsoft CEO Satya Nadella arrives on the U.S. DIstrict Court docket for the Northern District of California in San Francisco on June 28, 2023. Philip Pacheco | Bloomberg | Getty Photos Microsoft and its present main acquisition goal, online game writer Activision Blizzard, have wrapped up their 5 days in court docket in San Francisco … Read more