August 7, 2024 Dell has initiated another round of layoffs, affecting a significant number of employees, including long-term company veterans. HR exit meetings began on Tuesday morning, leading to numerous LinkedIn status updates and discussions in online forums more...
August 1, 2024 Intel has announced a significant downsizing of its workforce, laying off over 15,000 employees as part of a $10 billion cost-saving plan set for 2025. The reduction will affect more than 15 percent of the more...
July 22, 2024 The global tech outage caused by a faulty CrowdStrike update on Friday could result in damages exceeding $1 billion. The glitch disrupted various sectors, including airlines, retail, and hospitals, leading to over 5,000 flight cancellations more...
July 16, 2024 Russian cybersecurity firm Kaspersky Lab announced it will cease its U.S. operations starting July 20, following sanctions from the U.S. Treasury Department's Office of Foreign Assets Control (OFAC). These sanctions targeted twelve Kaspersky executives, freezing more...
July 11, 2024 Intuit, the company behind QuickBooks, Credit Karma, and TurboTax, is laying off 1,800 employees, which is about 10% of its global workforce. CEO Sasan Goodarzi emphasized that these layoffs are not intended to cut costs more...
June 13, 2024 In its first full quarter under Broadcom's ownership, VMware's revenue fell by $600 million, dropping to $2.7 billion. Despite this decline, Broadcom CEO Hock Tan highlighted strong growth in forward bookings and substantial cost cuts more...
May 9, 2024 Apple is currently facing significant public backlash due to a controversial advertisement featuring a hydraulic press crushing various creative tools, including musical instruments and books. The advert, intended to illustrate the compression of creativity into more...
May 8, 2024 At a recent all-hands meeting, Google employees voiced significant concerns regarding morale, cost-cutting measures, and the impact of layoffs, despite the company's robust first-quarter earnings. The meeting, led by CEO Sundar Pichai and CFO Ruth more...
April 25, 2024 In December, Spotify CEO Daniel Ek announced the largest round of layoffs in the company's history, cutting 1,500 jobs in a bid to streamline operations and push towards profitability. This move, which represented a significant more...
April 25, 2024 In an era where instant gratification is often the norm, Meta CEO Mark Zuckerberg’s strategic pivot towards long-term, high-stakes investments in artificial intelligence (AI) and the metaverse is testing the waters of investor patience and more...
