Management

Intel Posts Largest Ever Quarterly Loss, But Shares Rise

Intel posts largest ever quarterly loss in company history, coupled with a 36 percent decline in sales. But share price…

2 years ago

Vodafone Appoints Finance Boss Margherita Della Valle As Group CEO

UK-based mobile giant Vodafone confirms interim CEO, Margherita Della Valle, is now permanent CEO of the group

2 years ago

Meta Pleases Investors After Sales Rise, As Profits Dive

Plunge in profits at Facebook parent, but Meta pleases Wall Street after sales rose for first time after three quarters…

2 years ago

US Bill To Require Parental Consent For Kids Use Of Social Media

New bipartisan bill unveiled in US will require parental consent for anyone under the age of 18 to use social…

2 years ago

Meta Lays Off Technical Staffers, In Another Workforce Blow

Second tranche of layoffs begin at Meta Platforms, as engineers and other technical staff are made redundant

2 years ago

TUC Warns Workers Left Exposed To AI-Made Decisions

Trades Union Congress warns workers are being left without protections from life-changing decisions made by automated AI tools

2 years ago

Humans Needed To Avoid Cybersecurity Missteps, Gartner Says

Gartner identifies top cybersecurity trends for 2023, and says organisations need to adopt a human-centric focus to avoid cyber failures

2 years ago

Elon Musk Axed 80 Percent Of Staff, Admits Painful Tenure

Musk tells BBC Twitter is now roughly breaking even and advertisers are returning, but admits running platform is “quite painful”

2 years ago

Report Details ‘Unauditable’ Chaos At FTX

Debtor's report from failed FTX details lack of internal controls at company as top executives allegedly quashed complaints

2 years ago

Report: FTX Collapse Due To ‘Hubris, Incompetence, Greed’

FTX debtor's report claims company lacked basic corporate controls and didn't even have complete list of its own employees

2 years ago

Google Staff In London Walkout Over Job Cuts

Some of Google's 5,000 staff in the UK walkout over dispute about job cuts, mirroring similar walkout in Zurich last…

2 years ago

Foreign Cash Flows Into China On Alibaba Breakup Plan

Foreign investment in China surges after Alibaba announces breakup plan, as investors see sign of more business-friendly attitude from Beijing

2 years ago

Virgin Orbit Lays Off 85 Percent Of Staff

Nearly 700 jobs to go at Sir Richard Branson’s rocket company Virgin Orbit Holdings, amid reports it will cease operations

2 years ago

Court Grants Twitter Subpoena To Identify Source Code Leaker

Hunting the leaker. Twitter's request to identify GitHub user who uploaded its source code has been approved by a US…

2 years ago

Accenture To Cut 19,000 Jobs, After Lowering Forecasts

Accenture confirms it will axe 19,000 jobs, or 2.5 percent of its workforce, amid “significant economic and geopolitical uncertainty”

2 years ago

Government Launches NHS Cyber Security Strategy

NHS commitment. Government launches seven year cyber security strategy for the health and adult social care sectors

2 years ago

Virgin Orbit Nears Deal For Emergency Funding, After UK Launch Failure

Days after Virgin Orbit halted operations and furloughed staff, comes a report it is close to securing emergency funding

2 years ago

Just Eat Cuts 1,700 Jobs As Delivery Growth Slows

Just Eat cuts 1,700 delivery jobs a month after similar move by Deliveroo, as pandemic-era takeaway delivery growth stalls

2 years ago

Amazon To Cut 9,000 More Jobs

Amazon to cut further 9,000 jobs as it looks to 'streamline' company as uncertain economy follows pandemic hiring spree

2 years ago

Meta To Layoff Another 10,000 Staff

Mark Zuckerberg's 'year of efficiency' continues after he makes “difficult decision” to axe 10,000 jobs, on top of November's 11,000…

2 years ago

California Court Says Uber, Lyft Workers Are Contractors

California appeals court upholds Proposition 22 measure that allows Uber, Lyft and others to designate workers as independent contractors

2 years ago

New Meta Layoffs ‘Could Match Those of Last Year’

Upcoming layoffs at Meta could reportedly cut same proportion of staff as those announced last November, as company reins in…

2 years ago

Elon Musk Apologises To Sacked Twitter Worker

Musk issues rare apology over sacking of Twitter worker who publicly asked whether he had been fired or not, as…

2 years ago

Failed Silicon Valley Bank UK Arm Sold To HSBC For £1

Government facilitates sale of UK operations of failed Silicon Valley Bank to HSBC as authorities work to limit fallout of…

2 years ago

FTC Admits It Is Investigating Twitter

Federal agency FTC confirms it is investigating Twitter under new CEO Elon Musk for potential violations of 2011 agreement

2 years ago

Musk Apologises After Mocking Fired Twitter Director

Haraldur Thorleifsson asked Elon Musk if he had been fired. Musk mocked him in his reply, but later backtracked and…

2 years ago

Alphabet’s Sundar Pichai Admits Some Google Offices Are Like ‘Ghost Town’

Google CEO defends desk-sharing policy during staff meeting, and admits that some offices are like a ‘ghost town’

2 years ago