Intel cuts employee, executive salaries as it faces weak PC, chip demand
After posting a double-digit revenue decline for its fourth quarter of 2022, Intel is looking to weather a potentially problematic 2023.
After posting a double-digit revenue decline for its fourth quarter of 2022, Intel is looking to weather a potentially problematic 2023.
PayPal has become the latest technology company to announce wide-spread layoffs, with the company set to cut 2,000 jobs, about seven per cent of its workforce.
Intel’s two biggest business units were hit hard during the last three months of 2022, as the PC market continued to experience its biggest slump in decades.
IBM reported net income of $2.9 billion in the fourth quarter of 2022 and year-on-year increases in revenue across all three of its business segments.
Microsoft on Wednesday said it was investigating a network issue that has seen users across the globe struggling to access Microsoft products, including Outlook and Teams.
So far in 2023, technology companies have laid off more employees than in any other month since the pandemic started. Here's an updated timeline of the more notable layoffs, and the reasons why Big Tech is in turmoil.
Alphabet CEO, Sundar Pichai, told employees on Friday that the company would be reducing its global workforce by around six per cent.
A securities fraud lawsuit filed against IBM accuses the tech giant of deceiving investors by shifting mainframe revenue to make its cloud and AI-based Watson products appear to be in high demand.
While the slump in hardware device sales will take longer than expected to rebound, much of enterprise IT spending — for example on cloud technology — is locked in and inflation-proof.
Microsoft announced new features for Viva Goals designed to make it easier to accelerate the adoption of (OKRs through enhanced integration with Microsoft applications.
Microsoft will be introducing a new, low-cost subscription tier to its Microsoft 365 product bundle.
First announced at Microsoft’s Ignite event in October, the upgraded Teams platform will be generally available from next month.
In a filing with the SEC, Salesforce, the latest company to announce a round of mass layoffs, said it expects to incur charges of up to $2.1 billion relating to severance pay and office closures.
Authorities in the US, the EU and the UK are all now investigating how the deal will affect competition in the games market.
The cloud software company is aiming to meet the changing customer service needs of consumers with its new blended conversations tool.
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