Ericsson announced it is planning to cut jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Ericsson announced on Monday that it will lay off about 1,200 employees in Sweden as the telecommunications company faces slowed demand for its 5G equipment. The company said in a statement that the downsizing is … Read more
The Google office in New York on February 2, 2023. Ed Jones | Afp | Getty Images Allison Croisant, a data scientist with about a decade of experience in technology, was laid off by PayPal earlier this year, joining the masses of unemployed across her industry. Croisant has one word to describe the process of … Read more
The Airbnb logo is displayed on the Nasdaq digital billboard in Times Square in New York on Dec. 10, 2020. Kena Betancur | AFP | Getty Images When prosecutors announced the plea deal late last week of Shamoon Rafiq, who ran a $10 million scheme that duped investors into buying into pre-IPO tech companies such … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 14, 2024. Brendan McDermid | Reuters Stock futures were flat Tuesday as the market rally took another breather, with investors looking ahead to key data slated for release later this week. Futures tied to the S&P 500 … Read more
Pavlo Gonchar | Lightrocket | Getty Images Unity Software shares plummeted 17% in extended trading on Monday after the gaming software company issued weaker-than-expected guidance for the current quarter. Here’s how the company did: Earnings per share: Loss of 66 cents. The results may not be comparable to the 46 cent loss predicted by analysts … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch â an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) As we gear up for the … Read more
Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The S&P 500 is trading at a record and the Nasdaq is at its highest in two years. Alphabet shares reached a new pinnacle on Thursday, as did Meta and Microsoft, which ran past $3 trillion in market cap. Don’t tell that to the … Read more
A worker delivers Amazon packages in San Francisco on Oct. 5, 2022. Bloomberg | Bloomberg | Getty Images Amazon is laying off some employees in its Buy with Prime unit, the company confirmed, as it continues to look for ways to trim costs. The cuts affect fewer than 5% of staff in the Buy with … Read more
Krisanapong Detraphiphat | Moment | Getty Images Trend Micro has laid off 2% of its overall workforce. The Japanese cybersecurity giant, which employed 7,582 employees as of June 2023, announced the layoffs Tuesday, pitching it as part of a business transformation plan. “Trend Micro informed 2% of its worldwide team that their roles were eliminated,” … Read more
James Whitehurst, the former CEO of Red Hat. Adam Jeffery | CNBC Unity Software said Monday that it’s cutting 1,800 jobs, or about 25% of its workforce, in the latest round of layoffs at the gaming technology company. The stock jumped almost 5% in extended trading. Unity said in a regulatory filing that the cuts … Read more
