Report that more than 500 advertisers have paused spending with Twitter, and it's daily revenue is 40 percent down from a year ago
TECHNOLOGY POWERING BUSINESS
News Management
Microsoft To Cut Thousands Of Jobs – Report
Software giant Microsoft said to be finalising plans to axe 11,000 positions, in latest job cull in tech industry
Crypto.com Axes 20 Percent Of Staff
After the FTX collapse, Singapore's cryptocurrency exchange Crypto.com announces restructuring and axes staff
Tim Cook Agrees To Huge Pay Cut
Apple acts on Tim Cook's recommendation and severely reduces his salary, but the CEO will still take home nearly $50 million
Amazon Staten Island Union Victory Upheld By Federal Board
Historic trade union victory at at Amazon’s Staten Island warehouse last year has been upheld, but Amazon said it will appeal again
Alphabet Unit Verily To Axe 15 Percent Of Staff – Report
Verily is to axe 15 percent of its workforce as it reportedly seeks to distance itself from Google owner Alphabet
Twitter Makes More Cuts To Trust, Safety Teams – Report
Is there anyone left to sack? Owner Elon Musk reportedly makes more layoffs to Twitter’s trust and safety teams
Amazon To Close Three UK Warehouses
Amazon to close three UK warehouses this year as it plans to lay off 18,000 employees worldwide, following pandemic-era spending spree
Samsung Profit Drops 69 Percent Amidst Chip Slump
Samsung Electronics expects operating profit drop of 69 percent year-on-year for fourth quarter amidst lower electronics demand
Meta Blow As Irish Watchdog Confirms Hefty Fine
Facebook parent Meta may be prohibited from using personal data for advertising, after EU ruling and Irish fine
Twitter’s Last Pre-Musk Executives Resign
Katie Marcotte, a 10-year Twitter veteran and it's acting head of human resources, plus product engineering head Behnam Rezaei, have resigned
Amazon To Axe More Than 18,000 Jobs
E-commerce giant Amazon is to axe thousands more staff than previous reported, as major layoffs continue in early 2023
Salesforce To Axe more Than 10,000 Staff
More bad news for Salesforce staffers, as Marc Benioff confirms firm will again axe employees, this time 10 percent of workforce
Microsoft Officially Recognises First Ever Union
More unionisation among tech workforces. Staff at one of Microsoft's recent billion dollar plus acquisitions form trade union
Tesla ‘Promotes China Head’ To Global Role
Tesla reportedly promotes head of China Tom Zhu to global role overseeing delivery in major markets and production at key plants
CES 2023: German Bionic Shows Upgraded Exoskeleton
German Bionic to show next-gen AI-powered Apogee exoskeleton for manual workers at CES 2023, following launch of Cray X last year
Russia To Ban Remote Work Abroad
Upcoming Russian law would ban some professions from remote working outside the country, as hundreds of thousands flee Ukraine conflict
Micron To Axe 10 Percent Of Staff, Amid Heavy Fab Spending
As it spends billions of dollars building new chip plants in the US, Micron confirms it will axe 10 percent of its workforce
Apple Expands Smartphone Lead As Rivals’ Sales Contract
Apple expands smartphone revenues and market share in third quarter as top rivals face difficulties and top Xiaomi execs step down
Smartphone Shipments Drop In China As Covid Takes Toll
Smartphone shipments fall steeply year-on-year within China as Covid-19 lockdowns and tensions with West take toll on economy
Samsung ‘Increasing Capacity’ At Biggest Chip Plant
Samsung Electronics plans to increase production capacity at its biggest semiconductor plant next year, as competitors reduce investments
Twitter’s Public Policy Boss Departs, Amid Ongoing Layoffs
More concern for US and European regulators as Twitter's head of public policy departs amid additional layoffs at the platform
Hundreds Of Former Twitter Staff File Complaints
Twitter this week is being accused by 100 former staff members of a variety of legal violations including targeting women for layoffs
Tesla Staff Face New Layoffs – Report
Electric car giant Tesla will reportedly undertake another round of job layoffs in the next quarter, and freeze all hiring
Elon Musk To Quit As Twitter CEO, Seeks ‘Foolish Enough’ Replacement
Search for new CEO of Twitter begins, but Elon Musk confirms he will remain in charge of software and server teams
John Carmack Quits As Meta Defends Massive VR Investments
Gaming industry legend John Carmack quits Meta as company's chief technology officer defends billions spent on VR and 'metaverse'
Musk Restricts Policy Poll Voting To Paid Twitter Blue Users
Elon Musk says only paid Twitter Blue subscribers will be able to vote in future polls on policy, after users vote for him to step down as chief
Xiaomi Cuts Staff Amid China Economic Slowdown
Smartphone maker Xiaomi cuts handset and internet services jobs amidst sales slump, as China begins dismantling zero-Covid controls
Twitter Users Vote For Musk To Step Down
Elon Musk polls Twitter users over whether he should step down as chief executive, amidst controversy and plummeting Tesla shares
Meta Halts Construction Of Two Data Centres In Denmark
Meta axes construction of two additional data centres in Europe, as Facebook continues cost cutting measures