Over 2022, the tech sector saw highly high volatility. Taking the brunt of changes in Fed tightening predictions and the outlook for the USD. The Nasdaq and the XLK (SPDR Tech fund), two major tech indexes, are down on the year by 27% and 23%, respectively. As we transition into the first quarter of 2023, […]<
Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Rapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks […]
E-commerce giant Amazon hopes a new partnership with EVgo, powered by its Alexa voice assistant, will help smooth the electric vehicle charging experience for owners. Announced on Thursday at the 2023 Consumer Electronics Show in Las Vegas, the new service aims to streamline the process of locating, initiating and paying for a charging session — […]
Amazon.com Inc hopes to interest a wider range of industries in the technology it developed for cashier-less checkout at brick-and-mortar shops, a vice president said. In recent years, the e-commerce company has opened stores without cashiers in which cameras and sensors determine what shoppers take and bill them after they exit. Since 2020, it has […]
At a vast warehouse in the southern Dutch city of Roosendaal, automated cranes and driverless vehicles silently stack clothes for the French and Italian stores of retailer Primark, reducing the need for hard-to-come-by labour. With goods packed more densely up to its roof, the new warehouse, which spans the size of over 15 football fields, […]
U.S. stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked concerns about economic growth, while Apple Inc slid on worries about a hit to iPhone production. Shares of the Cupertino, California tech giant lost 2.6 percent and weighed heavily on the benchmark S&P 500 index as worker […]
HP Inc said on Tuesday it expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12 percent of its global workforce, at a time when sales of personal computers and laptops are sliding as shoppers tighten budgets. The PC maker also forecast a lower-than-expected profit for the first quarter […]
Amazon.com Inc on Wednesday said it has laid off some employees in its devices group as a person familiar with the company said it still targeted around 10,000 job cuts, including in its retail division and human resources. The announcement, Amazon’s first since media outlets including Reuters reported its layoff plans on Monday, heralded a […]
Amazon.com Inc is planning to lay off around 10,000 employees in corporate and technology roles beginning this week, a person familiar with the matter said on Monday, in what would amount to its biggest such reduction to date. The cuts, earlier reported by the New York Times, would represent about 3 percent of Amazon’s corporate […]
Quantum computer startup QuEra, born from researchers at Harvard University and the Massachusetts Institute of Technology, said on Tuesday its computer is now accessible to the public through Amazon.com cloud’s quantum computer service Braket. While there are various technologies for creating so-called quantum bits or qubits where the computations happen, QuEra’s qubits use neutral atoms […]
Subscribe to our latest newsletter and never miss the latest news!
Our newsletter is sent once a week, every Wednesday.