Newsbreak 6 months ago in 3m, Affirm, Alphabet, Amazon, Andy Jassy, Around The World, Arvind Krishna, bdg, Bob Iger, brian armstrong, Business Visual Features, Capital One, Coinbase, Compass, Daniel Ek, Dell, Disney, DocuSign, Dow, Dow Inc, Features, FedEx, Finance, GoDaddy, Goldman Sachs, Google, IBM, Intel, Layoffs, Mark Zuckerberg, Meta, Microsoft, News, PayPal, Retail, Rivian, Salesforce, SAP, Satya Nadella, Splunk, Spotify, Stitch Fix, Tech Insider, Vimeo, Visual Features, Wayfair, WeWork, Yahoo, Zoom 0 Category: Alphabet
Amazon is slashing 9,000 more workers amid a layoff wave that has expanded past tech to include bellwethers like Dow...
Newsbreak 6 months ago in 3m, Affirm, Alphabet, Amazon, Andy Jassy, Around The World, Arvind Krishna, bdg, Bob Iger, brian armstrong, Business Visual Features, Capital One, Coinbase, Compass, Daniel Ek, Dell, Disney, DocuSign, Dow, Dow Inc, Features, FedEx, Finance, GoDaddy, Goldman Sachs, Google, IBM, Intel, Layoffs, Mark Zuckerberg, Meta, Microsoft, News, PayPal, Retail, Rivian, Salesforce, SAP, Satya Nadella, Splunk, Spotify, Stitch Fix, Tech Insider, Vimeo, Visual Features, Wayfair, WeWork, Yahoo, Zoom 0 In a memo sent to employees on Monday, Amazon’s CEO Andy Jassy said the company would be eliminating 9,000 positions from its ranks. Mike Blake/Reuters Amazon, Meta, and Twitter employees are the latest to be hit by a wave of layoffs. Over the past few months, layoffs have expanded outside of tech, media, and finance as Dow and 3M announced cuts. See the full list…
Google didn’t think its Bard AI was ‘actually prepared’ for a product but, says Alphabet chairman, days after the chatbot’s...
Newsbreak 8 months ago in AI, Alphabet, Around The World, Artificial Intelligence, Bard, ChatGPT, Google, John Hennessy, News, Tech, Tech Insider, Tech News 0 John Hennessy, Alphabet’s chairman, cautioned that AI chatbots are nonetheless in their early days. Mandel Ngan/AFP/Getty Images John Hennessy, the chairman of Alphabet, said Google was hesitant to make use of its Bard AI in a product because it wasn’t “really ready,” per CNBC. Google unveiled its Bard AI last week amid intense curiosity in competitor ChatGPT. But a promo for Google Bard featured a…
These 6 CEOs are taking pay cuts to prevent more layoffs and fight tough times as industrywide reductions persist
Newsbreak 8 months ago in Alphabet, Apple, Around The World, Business Visual Features, Careers, Features, Goldman Sachs, Google, Intel, JP Morgan, Microsoft, Morgan Stanley, News, pay cuts, Sundar Pichai, Tim Cook, weekend BI US 0 Apple CEO Tim Cook. Axelle/Bauer-Griffin/FilmMagic Chief executives are more and more opting to take pay cuts off their multi-million annual compensation. The reductions come amid financial hardship throughout industries, main to mass layoffs. Here are 6 CEOs who’ve decreased their salaries, from Tim Cook to David Solomon. Apple CEO Tim Cook Cook at Code in 2022. Jerod Harris/Getty Images for Vox Media Apple CEO Tim…
The massive wave of layoffs is giving tech workers a brutal wake-up call about the reality of work
Newsbreak 8 months ago in Alphabet, Around The World, Careers, Discourse, Economy, Facebook, Finance, Future of Work, Goldman Sachs, Google, Insider Illustration, Job Market, Layoffs, Markets, Meta, Morgan Stanley, Rachel Mendelson, Salesforce, Strategy, Tech Insider, Tech layoffs, Wall Street 0 Layoffs are forcing tech workers to confront a harsh fact: the office is not the same factor as a household. iStock; Rachel Mendelson/Insider Dehumanizing. Gut-wrenching. Slap in the face. Betrayed. Tech workers are utilizing all kinds of emotional phrases to explain the layoff wave that has gripped the trade and turn into the speak of the enterprise world. “I’m shocked and hurt and still processing,”…
Big Tech CEOs are asking employees to step up — or step aside
Newsbreak 10 months ago in 10 things in tech, Alphabet, Around The World, Elon Musk, Newsletter, Newsletters, Sundar Pichai, Tech, Tech Insider, Twitter 0 Welcome to one other week, readers. Writing to you from New York, I’m your host, Jordan Parker Erb. Over the previous few weeks, we have watched as Elon Musk has shifted Twitter’s tradition. One of the largest transitions was his determination that employees will likely be fired until they work at an “extremely hardcore” rate to construct “Twitter 2.0.” But Musk is not the one…
In the midst of Amazon’s record layoffs, corporate employees of the company float a forbidden phrase: Union
Newsbreak 10 months ago in Alphabet, Alphabet Workers Union, Amazon, Around The World, Google, Job Cuts, Layoffs, Retail, Tech Insider, unionization, Unionizing, Unions 0 Tech employees gathered outdoors Amazon headquarters throughout a Climate Strike walkout and march in Seattle, Washington, September 20, 2019. REUTERS/Lindsey Wasson Amazon is present process the largest corporate layoffs in its historical past, reportedly shedding 10,000 employees. Job cuts, and a lack of communication from management, have despatched many employees into a tailspin of nervousness. A small group of corporate Amazon workers is discussing unionizing,…
See every stock trade House Speaker Nancy Pelosi’s husband, Paul Pelosi, has made since 2021
Newsbreak 10 months ago in Alphabet, American Express, Apple, Around The World, Conflicted Congress, Congress, Disney, Google, INSIDER Data, Investing, Josh Hawley, Markets, Micron, Microsoft, Nancy Pelosi, Nancy Pelosi stocks, nVidia, Paul Pelosi, PayPal, Politics, politics enterprise, Roblox, Salesforce, Slack, Stock Act, Stocks, Stop Trading on Congressional Knowledge Act, Tesla, Visa, Walt Disney, Walt Disney Co. 0 Paul Pelosi and House Speaker Nancy Pelosi in 2021. Samuel Corum/AFP/Getty Images Speaker Nancy Pelosi’s husband is making huge stock trades as Congress mulls whether or not to ban lawmakers and their spouses from buying and selling. An Insider evaluation estimated the Pelosis’ cumulative wealth at no less than $46.1 million. Insider compiled every of Paul Pelosi’s trades that the speaker has reported since 2021….
Googlers are making memes to deal with the looming threat of job cuts
Newsbreak 10 months ago in 10 things in tech, Alphabet, Around The World, Elon Musk, Google, memes, News, Newsletter, Tech, Twitter 0 Subject: Googlers make memes to deal with anxiousness Hello, and welcome to Thursday. This is Matt Weinberger, filling in as soon as once more for Jordan Erb. Did you recognize that the phrase “Thursday” is derived from “Thor’s Day” in Old English? That’s all the excuse I would like, personally, to spend much more time with “God of War Ragnarok.” That’s not an advert, I’m only…
Tech companies like Amazon and Meta are warning of tough times ahead — and only some are prepared
Newsbreak 11 months ago in Alphabet, Amazon, Analysis, Apple, Around The World, Google, Microsoft, News, Tech Insider, Tech stocks 0 Warren Buffett, chairman and CEO of Berkshire Hathaway. Paul Morigi/Getty Images Tech shares obtained battered this week after earnings studies signaled uneven waters ahead. While Apple is a “bright spot,” Meta, Alphabet, and others are in for a tough few months, analysts say. Still, these corporations are higher outfitted to climate it than Meta, which must refocus on its core enterprise, in response to analysts. …
Tech earnings just flopped. From Amazon to Meta and Microsoft, here are the biggest takeaways
Newsbreak 11 months ago in Alphabet, Amazon, Apple, Around The World, Big Tech, Earnings, Facebook, Mark Zuckerberg, Markets, Meta, MI Exclusive, Microsoft, Tech 0 reklamlar/Getty Images Tech heavyweights like Meta, Amazon, and Microsoft flopped this previous week, whereas Apple reported blended outcomes. Experts clarify the obstacles in entrance of Big Tech, and what the takeaways from earnings are. “It’s clear that there are headwinds for the industry after a period of unsustainable growth coming out of the pandemic.” Big Tech corporations like Microsoft, Alphabet, Meta, Amazon, and Apple just…
Big Tech is getting wiped out in a brutal 3rd-quarter earnings season – but Apple is not. Here’s why.
Newsbreak 11 months ago in Alphabet, Amazon, Apple, Around The World, Big Tech, Digital Advertising, Facebook, Federal Reserve, Google, Inflation, iPhone, Markets, Meta, MI Exclusive, Microsoft, Monetary Policy, Netflix, Q3 Earnings, Recession, Social Media, Stocks, Tech stocks 0 Apple CEO Tim Cook. Getty Big Tech shares have plunged this week on the again of disappointing quarterly earnings. Apple inventory was spared as a result of the iPhone maker’s outcomes beat analysts’ forecasts. The shopper-electronics large might have been saved by its model energy and rich buyer base. Lackluster earnings from a few of America’s largest expertise corporations have led to tons of of…
Young Silicon Valley workers are in for a rude awakening as industry giants make major job cuts and ditch ambitious...
Newsbreak 11 months ago in Alphabet, Around The World, Elon Musk, Google, Meta, Silicon Valley, Tech, Tech Insider, Twitter 0 An attendee carrying Google Glass works on a pc throughout Google I/O Developers Conference at Moscone Center West on June 25, 2014 in San Francisco, California. Stephen Lam/Getty Images The days of infinite worker perks at Big Tech, like free laundry and non-public live shows, are coming to an finish. Workers now worry layoffs after tech corporations that employed 1000’s of workers with excessive pay…
US stocks climb after GDP shows economy returning to growth, while Big Tech earnings continue to disappoint
Newsbreak 11 months ago in Alphabet, Around The World, Earnings, ECB, Fed, GDP, Interest Rate, Markets, Meta, MI Exclusive, Recession, Stock market news today 0 Meta logo Arnd Wiegmann/Reuters US stocks traded mixed Thursday as a better-than-expected GDP print showed the economy grew 2.6%. Meta shares shed 23% after reporting an earnings miss after the closing bell on Wednesday. Meanwhile, the European Central Bank raised interest rates to 1.5%, the highest mark since 2009. US stocks climbed Thursday after a better-than-expected GDP print, while Big Tech earnings continue to roll…
Mega-cap tech stocks are poised to drop as earnings for giants like Alphabet and Meta have left investors ‘screaming for...
Newsbreak 11 months ago in Alphabet, Around The World, Big Tech, Earnings, Facebook, Google, Markets, Mega Caps, Meta, MI Exclusive, Microsoft, New York Stock Exchange, Stock Market Outlook, Tech stocks 0 REUTERS/Dario Cantatore/NYSE Euronext Mega-cap stocks could see a valuation reset aa Meta and Alphabet earnings have disappointed, an analyst said. Tech giants are seeing less advertising revenue, but traditional ad agencies haven’t been hit as hard, suggesting industry-specific troubles. The New York Stock Exchange’s senior market strategist explained how the market could react to tech earnings.  Big Tech stocks have stumbled this week after reporting…
Alphabet is ramping up scrutiny of all its projects and cutting hiring in half as it tries to curb costs
Newsbreak 11 months ago in Advertising, Alphabet, Around The World, Budget Cuts, Economic Slowdown, Employee Perks, Google, Googlers, Hiring, Hiring Freeze, Losses, Spending Cuts, Sundar Pichai, Tech Insider, YouTube 0 Alphabet CEO Sundar Pichai Justin Sullivan/Getty Images Alphabet is attempting to tighten its belt after going on a hiring spree. CEO Sundar Pichai said the company would review all projects “pretty granularly” and make “course corrections.” Alphabet is facing slowing growth as advertisers pull back spending, and the company has reportedly cut some employee perks. Alphabet is attempting to tighten its belt after going on…
US stocks trade mixed as hotly anticipated mega-cap tech earnings get off to a weak start
Newsbreak 11 months ago in Alphabet, Around The World, Big Tech, market wrap, Markets, MI Exclusive, Microsoft, stock market news, Tech Earnings 0 Traders work on the New York Stock Exchange floor in New York City. AP Photo/Ted Shaffrey US stocks were mixed on Wednesday as investors digested weak third-quarter earnings from Microsoft and Alphabet. Google’s parent company suffered an unexpected slowdown in digital advertising growth last quarter. Microsoft, meanwhile, reported its slowest revenue growth in years. US stocks opened mixed on Wednesday as investors sifted through weaker-than-expected…
Alphabet’s big earnings miss points to flagging demand for digital advertising — and problems for the broader economy
Newsbreak 11 months ago in Advertising, Alphabet, Around The World, Digital Advertising, Google, Inflation, MACROECONOMICS, Markets, MI Exclusive, Q3 Earnings, Recession, Stocks, US economy, YouTube 0 Alphabet CEO Sundar Pichai. AP Alphabet suffered an unexpected slowdown in digital-advertising growth last quarter. Google’s parent company reported declines in YouTube and Google Network ad revenues. The slump is bad news for Alphabet’s peers and the wider US economy, analysts say. Google-parent Alphabet shocked Wall Street with a surprise slowdown in its core search-advertising business last quarter, which contributed to a major earnings miss…
Nasdaq falls after Alphabet’s earnings miss ignites worries about Big Tech’s digital ad sales
Newsbreak 11 months ago in Alphabet, Alphabet earnings, Alphabet Stock, Around The World, Google, Investing Analysis, Investing Outlook, Investing Strategy, Markets, MI Exclusive, Microsoft, Microsoft earnings, Microsoft stock, Stock Market Analysis, Stock Market Outlook, Stock Market Strategy, Stocks 0 Disappointing earnings reports by Alphabet and Microsoft dragged Nasdaq futures lower Wednesday. REUTERS/Eric Thayer Nasdaq stock futures fell 1.5% in premarket Wednesday after Alphabet missed on earnings and revenue. YouTube’s first-ever drop in ad revenue helped spark worries for 3Q Big Tech financial results this week. Meta and Amazon fell as the worries weighed on techs, while Microsoft slid post-earnings. Stocks on the Nasdaq fell…
Alphabet’s earnings report confirmed a big ad spending slowdown, and that bodes poorly for Meta
Newsbreak 11 months ago in Advertising, Alphabet, Around The World, Earnings, Google, Mark Zuckerberg, Meta, SNAP, Sundar Pichai, Tech Insider 0 Alphabet CEO Sundar Pichai Brandon Wade/Reuters Google’s ad revenue fell by nearly $2B compared to the previous quarter, proving a slowdown in the ad market The disappointing results are a “bad omen” for digital advertising companies at large, including Meta. The numbers follow Snap, which also reported that advertising partners are “decreasing budgets.” Alphabet’s quarterly results prove the advertising market is suffering, and that bodes…