Rhett

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 …

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

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, …

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

A Brazilian court grants bankruptcy protection to retailer Americana

A Brazilian court grants bankruptcy protection to retailer Americana

SAO PAULO (Reuters) – A Rio de Janeiro court on Thursday accepted the filing for bankruptcy protection by Brazilian retailer Americana SA (AMER3.SA), days after the company disclosed nearly $4 billion in accounting discrepancies that sparked a dispute. legally with the investment creditors. Americana, a 93-year-old company with stores across Brazil and a major e-commerce …

A Brazilian court grants bankruptcy protection to retailer Americana Read More »

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 …

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

Biden's climate agenda has a problem: Not enough workers

Biden’s climate agenda has a problem: Not enough workers

Jan 11 (Reuters) – U.S. clean energy companies are offering better wages and benefits, flying in trainers from abroad, and considering ideas such as buying roofers and electrical repair shops to hire only their own workers as the companies try to overcome a labor shortage that threatens to derail it. President Joe Biden’s Climate Change …

Biden’s climate agenda has a problem: Not enough workers Read More »

Wall Street fell more than 1% as the jobs data fueled fears of further Fed tightening

Wall Street fell more than 1% as the jobs data fueled fears of further Fed tightening

Private payrolls in the United States rise more than expected Initial weekly jobless claims decline Tesla declines as sales of cars made in China decline Indices down: Dow 1.02%, S&P 1.16%, Nasdaq 1.47% Jan. 5 (Reuters) – Wall Street’s major indexes lost more than 1% on Thursday, with the Nasdaq leading declines, as hopes that …

Wall Street fell more than 1% as the jobs data fueled fears of further Fed tightening Read More »