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Day: May 5, 2023

Constellation Software hit by cyber attack, some personal information stolen

A Canadian software company says it suffered a cyber attack this week. Toronto-based Constellation Software Inc. said in a statement that on Wednesday it was subject to what it calls a “cyber-security incident that impacted a limited number of its IT infrastructure systems.” However, it adds, a “limited amount of personal information of individuals was

Apple CEO rules out big layoffs despite cutting costs

Unlike its Big Tech contemporaries, Apple CEO Tim Cook has declared that the company has no intentions to conduct large layoffs. Cook noted that, while he cannot rule out the prospect of layoffs, Apple does not intend to make any at this time. He also stated that mass layoffs would be considered only as a […]

Shopify lays off 20% of its workforce

Shopify is laying off nearly 2,000 people, or 20% of its staff, and selling its logistics division to Flexport for around 13% in shares. Those affected by the layoffs will get at least 16 weeks of severance compensation, plus one extra week for each year of service at Shopify. They will also be eligible for […]

Apple’s Q2 earnings beat expectations

Apple’s Q2 earnings topped Wall Street’s forecasts after revenue fell 2.5% to $94.8 billion in the April 1 quarter, topping predictions of a 4.4% decrease. Its profits per share were steady at $1.52, compared to $1.43 expected. Apple’s iPhone sales surpassed expectations, increasing 1.5% to $51.3 billion, exceeding the 3.3% dip predicted. Despite rising inflation […]

Broadcom’s CEO commits $2 billion to VMware’s research and development

Hock Tan, Broadcom’s CEO, has vowed to invest $2 billion per year in research and development (R&D) at VMware. The investment will be split in half, with $1 billion going toward R&D and the other $1 billion going toward expediting VMware solution adoption through partner professional services. Tan noted that VMware has the ability to […]

Former Uber Chief Security Officer sentenced to probation

Former Uber Chief Security Officer Joe Sullivan has been sentenced to three years probation and 200 hours of community service for his part in concealing and impeding a 2016 hack from authorities. Last October, a jury found Sullivan guilty of obstructing an ongoing FTC investigation into Uber’s security practices and concealing a data breach that […]