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Alphabet cuts 12,000 jobs after pandemic hiring wave, and refocuses on AI

Alphabet cuts 12,000 jobs after pandemic hiring wave, and refocuses on AI

Jan. 20 (Reuters) – Alphabet Inc (GOOGL.O), Google’s parent company, will cut about 12,000 jobs as it faces “a different economic reality,” it said in a note to employees, and is redoubling its intelligence efforts. Artificial (AI) and exclusion of support staff. Pilot projects. The job cuts affect 6% of its workforce, and come after …

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This is what Twitter lost in ad revenue in the last months of 2022

This is what Twitter lost in ad revenue in the last months of 2022

NEW YORK/LONDON (Reuters) – Twitter’s top advertisers slashed their spending after the Elon Musk takeover, according to estimates compiled for Reuters by research firm Pathmatics, in the latest shock to the company’s dominant revenue stream. 14 of Twitter’s top 30 advertisers have suspended all ads on the platform after Musk took over on Oct. 27, …

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TSMC cuts capex for 2023 after recording a fourth quarter with weak chip demand

TSMC cuts capex for 2023 after recording a fourth quarter with weak chip demand

Fourth-quarter profit of NT$295.9 billion, compared to NT$289.44 billion, analysts say Fourth-quarter revenue increased 26.7% year-over-year to $19.93 billion Capex achieved 2023 at $32-36 billion compared to $36.3 billion in the previous year The company plans to increase production abroad TAIPEI (Reuters) – Taiwanese chipmaker TSMC (2330.TW) on Thursday warned that first-quarter revenue will drop …

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