Google job cuts, Netflix delivers
The top 10 is to watch on Friday, January 20 1. Alphabet (GOOGL) lay off 6% – about 12,000 workers – or what the parent Google and Club holding added last year. Smart move for a company that found out…
Category Business
Microsoft under fire for hosting private Sting concert for its execs in Davos the night before announcing mass layoffs
Microsoft has come under fire after details of the gathering held in Davos, Switzerland, left the company’s workers more than a little stung. The Wall Street Journal it was reported this week that Microsoft hosted an exclusive event for around…
Volodymyr Zelenskyy urges allies to solve stand-off over tanks
Ukraine’s president asked western allies to resolve the tank issue as some 50 countries met in Germany to increase arms supplies to Kyiv. The Ramstein meeting comes as Ukraine seeks heavy armor to help retake territory before Russia, which has…
Google to lay off 12,000 people, memo from CEO Sundar Pichai says
Google said on Friday that it would cut 12,000 people from the workforce, adding that US technology companies are cutting jobs due to fears of an impending recession. Sundar Pichai, Google’s CEO, said in an email sent to the company’s…
Here’s President Biden’s first 2 years in office by the numbers
President Joe Biden marks two years in office on Friday. It represents 730 days since his inauguration – and many other numbers as well. The story of the first half of Biden’s term, at least by the numbers, is a…
Energy group SSE upgrades full-year forecast after prices surge
SSE, one of the UK’s biggest renewable energy and grid operators, has pushed back its full-year earnings forecast following rising gas and electricity prices. The FTSE 100 electricity generator on Friday said it now expected adjusted earnings of more than…
Tesla shareholder Tencent backs Elon Musk despite Twitter distraction
A Tesla store in Changzhou, China, in April 2022. Tencent, known as one of the world’s largest gaming and social media companies, invested in Tesla in 2017, taking a 5% stake worth around $1.78 billion. Sheldon Cooper Picture of Sopa…
What is the U.S. debt ceiling and how can it impact your finances
Translation: The government is cut and can no longer pay its bills without taking extraordinary measures. “The United States has a budget deficit, which means that it does not generate enough money from taxes and other sources of revenue to…
Davos delegates praise Biden’s ‘huge’ green package, as Europe voices complaints
Top bankers and entrepreneurs say Joe Biden has jumped on Europe in handling the climate crisis, as companies and investors seek to capitalize on Washington’s massive green energy package. Delegates at the World Economic Forum in Davos were united in…
Crypto lender Genesis Trading files for bankruptcy protection
Barry Silbert, Founder and CEO, Digital Currency Group David A Grogan | CNBC Crypto lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the latest victim in the industry contagion caused by the collapse…