Enterprise
Zoom is cutting about 150 careers, or close to 2% of its workforce
Zoom CEO Eric Yuan speaks at the Dropbox Function In Development Convention in San Francisco on Sept. 25, 2019. Matt Winkelmeyer | Getty Photographs for Dropbox Zoom is chopping about 150 work opportunities, CNBC verified on Thursday, the hottest tech enterprise to slash headcount this calendar year as investors proceed to push for efficiency. A Zoom […]
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Okta to lay off 7% of staff members, about 400 workers
Identification administration corporation Okta explained on Thursday in a concept to employees that it would lay off 400 personnel, about 7% of the firm’s headcount. The business also reaffirmed its fourth quarter and complete-calendar year assistance in a securities filing. CEO Todd McKinnon claimed in his information that the “reality is that costs are continue […]
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Neuralink competitor Synchron to ramp up brain implant production with equity stake in manufacturer
Philip O’Keefe, one of Synchron’s patients in the SWITCH clinical trial, was the first person in the world to tweet using a BCI device. Source: Synchron Neurotech startup Synchron is ramping up production of its flagship brain-computer interface to prepare for commercial demand, as the company inches closer to bringing its device to market. Synchron […]
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Wall Street punishes Alphabet and Microsoft despite earnings beats following shares hit record
Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Anna Moneymaker | Getty Pictures Results were fantastic, but not great more than enough. That’s Wall Street’s reaction to quarterly effects on Tuesday from Alphabet […]
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Microsoft to announce quarterly benefits following the close
Microsoft CEO Satya Nadella, still left, departs from federal court docket in Washington, D.C., on Oct. 2, 2023. Nathan Howard | Bloomberg | Getty Pictures Microsoft will report fiscal next-quarter earnings soon after the marketplace close on Tuesday. Here’s what analysts polled by LSEG, previously identified as Refinitiv, are expecting: Earnings: $2.78 per share, altered […]
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Super Micro shares pop soon after earnings beat, rosy revenue forecast
Super Micro CEO Charles Liang. Source: Supermicro Shares of Tremendous Micro Laptop popped more than 5% Tuesday, a working day right after the enterprise handily exceeded estimates and elevated its comprehensive-12 months revenue outlook in its fiscal next-quarter earnings report. Super Micro reported earnings for the quarter arrived in at $3.66 billion, up from the […]
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Elon Musk's Neuralink implants brain tech in human patient for the very first time
Jonathan Raa | Nurphoto | Getty Images Elon Musk’s neurotech startup Neuralink implanted its product in a human for the to start with time on Sunday, and the affected individual is “recovering effectively,” the billionaire explained in a put up on X, previously acknowledged as Twitter, on Monday. The organization is establishing a brain implant […]
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Activists are eyeing tech stocks in advance of envisioned M&A rebound after two-calendar year lull
Paul Singer talking at the Providing Alpha conference in New York on Sept. 13, 2016. David A. Grogan | CNBC Activist traders are circling the tech marketplace. That is mainly because, following a two-calendar year plunge in mergers and acquisitions across the industry, there are signals of existence to begin 2024, with expectations that many […]
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Tech layoffs balloon in January as Wall Street rally lifts Alphabet, Meta, Microsoft to records
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 […]
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IBM shares increase just after earnings best estimates in ‘uncertain, volatile’ economic climate
IBM CEO Arvind Krishna speaks in the course of the Business enterprise 20 (B-20) Summit in New Delhi on Aug. 25, 2023. Prakash Singh | Bloomberg | Getty Pictures IBM shares rose as a great deal as 6% in extended trading Wednesday soon after the tech and solutions company declared fourth-quarter outcomes that exceeded Wall […]
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