Intel (INTC) earnings Q4 2022

Intel CEO Pat Gelsinger stands in front of a cathedral in the German city of Magdeburg on Nov. 12, 2022. During his visit to him, Gelsinger also visited the planned site of the Intel Gigafactory in the Eulenberg industrial park. /dpa-Zentralbild/dpa (Photo by Peter Gercke/picture alliance via Getty Images) Peter Gercke | Picture Alliance | … Read more

IBM earnings Q4 2022

IBM CEO Arvind Krishna speaks at a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. Stefan Wermuth | Bloomberg | Getty Images IBM reported quarterly revenue on Wednesday that topped analysts’ estimates, driven by higher-than-expected growth in the company’s software and infrastructure segments. Here’s how the company did: Earnings: … Read more

Amazon workers stage first-ever strike in the UK over pay, working conditions

Amazon packages move on a conveyer belt at a fulfillment center in England. Nathan Stirk | Getty Images amazon workers are going on strike in Britain, in a move that marks the first formal industrial action in the country for the US tech giant. The 24-hour strike action began Wednesday a minute after midnight. Strikers … Read more

Microsoft forecast suggests gloomy tech environment will continue

Microsoft CEO Satya Nadella leaves the Elysee Palace after a meeting with the French President Emmanuel Macron in Paris on May 23, 2018. Aurelien Morissard | IP3 | Getty Images Microsoft executives on Tuesday told analysts to expect a continuation of the weak pace of business that emerged in December, which hurt the software maker’s … Read more

Amazon adds generic prescription perk for Prime members

The Amazon Pharmacy home screen on a laptop computer arranged in the Brooklyn Borough of New York, US, on Tuesday, Nov. 17, 2020. Gabby Jones | Bloomberg | Getty Images amazon on Tuesday announced a new prescription perk for US Prime members, hoping to boost subscriptions and attract users to its pharmacy service. The add-on, … Read more

Google CEO defends layoff process in heated town hall Monday

Sundar Pichai, CEO, Alphabet Lluis Gene | AFP | Getty Images Days after Google announced the largest round of layoffs in the company’s 25-year history, executives defended the job cuts and took questions from a concerned workforce during a town hall meeting on Monday. Google CEO Sundar Pichai led the companywide meeting and told employees … Read more

Amazon Air cargo service launches in India even as company cuts costs

A wide body aircraft emblazoned with Amazon’s Prime logo lands at Lehigh Valley International Airport in Allentown, Pennsylvania, US December 20, 2016. Picture taken December 20, 2016. To match Insight AMAZON.COM-SHIPPING/ REUTERS/Mark Makela REUTERS/Mark Makela amazon on Monday announced it’s bringing its air cargo operations to India, marking fresh growth for the company’s logistics arm … Read more

Spotify to cut 6% of its workforce as tech layoffs continue

Spotify announced Monday it’s cutting 6% of its global workforce as the music streaming company contends with a gloomy economic environment that has seen consumers and advertisers alike limit their spending. Spotify has a total workforce of around 9,800 people, which means the cuts impact around 600 employees. According to its LinkedIn profile, the company … Read more

Amazon drone unit hit with layoffs as long-awaited program launches

Amazon Prime Air Drone Source: Amazon In 2013, amazon founder Jeff Bezos appeared on CBS’ “60 Minutes” to reveal a futuristic plan his company had been secretly pursuing to deliver packages by drone in 30 minutes. A pre-recorded demo showed an Amazon-branded “octocopter” carrying a small package off a conveyor belt and into the skies … Read more

Google, Amazon, Microsoft, Meta, Twitter severance packages compared

Google headquarters is seen in Mountain View, California, United States on September 26, 2022. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images) Anadolu Agency | Anadolu Agency | Getty Images Tech companies have laid off tens of thousands of workers in recent months as the industry grapples with a reduced risk appetite from investors and … Read more