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 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 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 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
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
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
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 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 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 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