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The Latest Breaking News on Big tech

Sting reportedly played elite Microsoft event as layoffs loomed

SEATTLE — Striking the right corporate tone for a major layoff can’t be easy.

Tribune News Service

Community activists want answers, hiring commitment as Amazon’s giant Humboldt Park site remains dormant

Amazon plans to open the distribution center later this year. Community activists want jobs to go to people in the neighborhood.

Chicago Sun-Times

Microsoft layoffs hit the Bethesda and Halo teams

The recent round of Microsoft layoffs has affected the Bethesda team and Halo maker 343 Industries, with executives citing economic downturn

USA Today Sports Media Group

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Amazon axes charity programme that made donations on your behalf

Amazon customers and charity execs have slammed the move as disastrous for organisations and the people they support during the cost-of-living crisis.

Evening Standard

Holding YouTube liable for promoting terrorism is a bad idea

The Supreme Court next month will consider whether Google, which owns YouTube, can be sued for helping the terrorist group ISIS promote its message and attract followers.

Chicago Sun-Times

Microsoft layoffs don’t tell us much about the future of Xbox — yet

A recent round of layoffs at Microsoft has the possibility to affect Xbox. But right now, the long-term ramifications are not entirely clear.

Inverse

Microsoft slashes 10,000 jobs with Scots office in danger of being hit by cuts

The software giant has become the latest US tech firm to announce hefty staff cuts in the face of an economic downturn.

Daily Record

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Amazon set to begin its largest jobs cull in history affecting 18,000 employees

Tech giant Amazon has started to axe over 18,000 jobs which is the largest in their 28-history as the company looks to adapt to the gloomy economic outlook

Daily Mirror

Microsoft Slashes Workforce Amid Strategic Investments In AI, Cloud

Software giant Microsoft on Wednesday announced plans to lay off 10,000 employees, or roughly 5% of its workforce.

Investors Business Daily

Microsoft, Amazon set to erase 28,000 jobs as tech slump deepens

Microsoft Corp. and Amazon.com Inc., two of the world’s biggest companies, began cutting a total of 28,000 jobs on Wednesday in a post-pandemic reckoning that has left almost no tech name unscathed.

Tribune News Service

Microsoft plans 10,000 job cuts, to take $1.2 billion charge

Microsoft Corp. said it plans to cut 10,000 jobs, or about 5% of its workforce this year, taking steps to cope with an increasingly bleak outlook that has now bruised many of the technology industry’s biggest companies.

Tribune News Service

Microsoft to axe 10,000 jobs and close offices in bid to cut costs

The tech giant employs almost 4,000 staff in the UK

Evening Standard

Microsoft is laying off 10,000 employees

It joins a growing list of Big Tech firms cutting staff.

Axios

Microsoft planning to cut thousands of jobs worldwide

The news comes after Twitter and Meta laid off thousands of staff with Amazon planning thousands of job losses globally

Dublin Live

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Asharq Al-Awsat

Microsoft to Cut Staff Again

Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports on Tuesday. The computer industry stalwart could announce layoffs in its engineering divisions as early as Wednesday, Bloomberg News reported. A Microsoft spokesperson…

Evening Standard

Microsoft planning to slash thousands of jobs worldwide - report

Software giant Microsoft are preparing to cut tens of thousands of jobs, according to reports.

The Independent UK

Apple CEO Tim Cook to take more than 40% pay cut

Apple CEO Tim Cook will take a more than 40% pay cut this year from a year earlier as the company adjusts how it calculates his compensation

Evening Standard

Apple CEO Tim Cook to take a 40% pay cut this year

Cook’s compensation will drop to £45.1 million from £68 million last year.

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Daily Mirror

Apple boss Tim Cook to have pay slashed by over 40% this year after backlash

The Apple CEO, Tim Cook requested the 40% pay cut himself after fewer than two-thirds of Apple shareholders supported his pay package for the last few years

The Guardian - UK

Apple’s Tim Cook to take 50% pay hit after shareholder feedback

‘Compensation’ for CEO down from $99.4m in 2022 to an expected $49m for current year

USA Today Sports Media Group

Xbox sales doubled in Japan in 2022 despite software struggles

Nintendo Switch outsold Sony and Microsoft in Japan, but Xbox sales still doubled in 2022, even without any software hits

WEKU

Amazon loses bid to overturn historic union win on Staten Island warehouse

Amazon should recognize its first unionized warehouse in the U.S., a federal labor official ruled.

Daily Record

Gourock Amazon plant closure looks set to have impact on Renfrewshire employees

The online retail giant confirmed yesterday that its Inverclyde operation is to shut with a loss of 300 jobs.

Investors Business Daily

Here's Why A Top Analyst Cut His Price Target On Apple Stock By Nearly 8%

A Wall Street analyst slashed his sales and earnings estimates for Apple stock as the consumer electronics maker faces weakening demand.

The National (Scotland)

FM pledges to help Amazon workers in Gourock facing redundancy

NICOLA Sturgeon has pledged the Scottish Government will help Amazon workers facing the loss of their jobs “where we can” after the online…

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