The wave of companies cutting workers continued on Wednesday with International Business Machines Corp (IBM). The company will cut around 3,900 jobs. According to a spokesman, the reductions will come from Kyndryl Holdings Inc., an IBM spin-off company that provides IT services and is expected to face a $300 million charge due to its healthcare …
Google workers were worried about being laid off when they saw colleagues at competitor technology companies lose their jobs in droves. Some of them couldn’t access their corporate accounts on Friday morning. Alphabet Inc. is the company’s owner. Eventually, it fired 12,000 workers or 6% of the workforce. Employees reported a smooth if unpersonalized process …
Google was unsuccessful in appealing an antitrust judgment against it in India’s Supreme Court. The court accused the firm of abusing its dominant market position for its Android mobile operating system. The country’s highest court denied Google’s request for temporary relief on Thursday. The firms’ appeals court was told to decide on the case by …
Tesla’s decision to cut the price on several models will allow more consumers to qualify for a $7,500 federal electric-vehicle tax credits subsidy, but there is a hitch. On January 1, the income restrictions were lifted. In 2009, the EV tax credits were established. The government, however, modified several of the norms late last year. …
According to individuals familiar with the matter, Elon Musk continues to cut costs globally. Workers at Twitter Inc.’s Singapore office were instructed to pack up their gear and leave. One of the individuals stated, asking not to be named discussing private data, that Twitter employees were notified via email Wednesday that they had until 5 …
As rivals prepare to launch new vehicles in the launch market, SpaceX is seeking to increase its flight rate this year. In 2023, Elon Musk’s rocket-and-satellite company aims to do up to 100 orbital flights. This is suggested in his tweet from August last year. That would amount to a 64% increase over the 61 …
Xbox Maker Says FTC Can’t Prove that The Deal Harms Consumers Microsoft Corp Inc. contends that its proposed $69 billion deal for Activision Blizzard Inc. would harm competition in the video-gaming market. The accusations come from the US Federal Trade Commission. However, Microsoft said the alliance would offer more alternatives to players and game developers …
Before Twitter Inc. reduced costs through layoffs, it was on track to have a $3B yearly negative cash flow. “That is why I spent the last five weeks cutting costs like crazy,” Musk said during a tweet-spaced discussion on Tuesday evening. “That’s the reason for my actions. They may sometimes seem spurious or odd or …
A controlled reaction at the Lawrence Livermore National Laboratory generated more energy than it consumed this past week. Hence, the U.S. Energy Department announced a breakthrough in research revolving around nuclear fusion. Fusion provides a limitless supply of clean energy. How long will it take for this breakthrough to come through? Understanding three fundamental numbers …
Microsoft is tightening up its cloud services by forcing new limits on how people use them. It hopes to improve the stability of its cloud offerings. According to a policy change that went into effect on December 1, the technology giant will not allow its users to mine cryptocurrencies on its online services. Users must …
Microsoft acquired Activision Blizzard Inc. for $69B. Antitrust authorities investigating to stop the merger are most likely more worried about the future of gaming in the cloud. This has lately drawn attention to decades-old notions of console-exclusive games played on Xbox and chief rival Sony Group Corp.’s PlayStation. Cloud gaming is a new concept that …
Microsoft Battle for Activision Turns on The Future of Gaming Read More »
On Thursday, the Federal Trade Commission will ask a court to prevent Meta Platforms Inc. from buying a virtual-reality startup. This situation represents a change in US policy. Facebook’s parent company’s metaverse strategy is challenged by antitrust enforcement. Within is the creator of the fitness app – Supernatural. According to the Federal Trade Commission, Meta’s …
Meta Faced With An Antitrust Fight Over An Acquisition Read More »
According to individuals familiar with the discussions, Apple has accelerated its intentions to relocate some of its manufacturing outside China. It has long been the principal nation in the manufacturing chain. They claim to be instructing manufacturers to prepare more carefully for Apple devices production elsewhere in Asia; they are considering India and Vietnam. They …
Elon Musk’s SpaceX received conditional approval from US authorities. This means the green light to build a new large constellation of Starlink satellites subsequently. Shortly, the plan is to make 7,500 spacecrafts. SpaceX was initially known as Space Exploration Technologies Corp. Musk’s closely held firm informed the FCC in May that it had conducted around …
SpaceX Given Green Light on 7,500 More Starlink Satellites Read More »
Nowadays, many companies are looking to step into the digital space as a way to increase their profits. The benefits of doing so have been well-recorded, with many market giants using digital business as their primary business model. Furthermore, many successful companies operate on an online-only model. And while the model has a unique set …
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
