Yahoo is going to lay off more than 1,600 people, 20 percent of its workforce. Remarkably, it does so for strategic reasons, not financial problems. Yahoo plans to lay off 1,000 people this week and another 600 later this year. In total, approximately 8,500 people work for the company. The […]
Business
Alphabet, Google’s parent company, lost $100 billion in value on Wall Street. This happened after a disappointing presentation of a new AI program called Bard. Google’s announcements about its AI plans don’t seem to have the desired effect. Google has been one of the frontrunners in the development of artificial […]
KLM will expand the number of flights to China from 26 March. The reason for this is the lifting of travel restrictions by the Chinese government, the airline announced. “KLM will fly non-stop from Amsterdam to Hong Kong three times a week. We will start with six non-stop flights a […]
The assets of Mark Zuckerberg, CEO of Facebook parent Meta Platforms, made a record jump of $ 12.5 billion on Thursday. That happened after Zuckerberg announced at the publication of the quarterly results that 2023 would be a “year of efficiency” for Meta. After the publication of the figures, Meta […]
Sony has raised its profit forecast for this year. The Japanese tech company expects strong results in the games sector, partly because the yen exchange rate will drive profits from foreign sales. Sony reports this by publishing quarterly figures showing that the company is doing good business. Net profit between […]
At NetApp, eight percent of employees are fired. This was announced by the CEO of the American storage company, George Kurian, this week. NetApp will cut staff as part of “planned efforts” to reduce spending and cope with economic challenges. The global layoffs are expected to be phased in gradually […]
The British regional airline Flybe, which restarted in April last year, has ceased operations again. The British Aviation Authority (CAA) announced all flights had been cancelled. “We are sorry to report that Flybe has been placed in judicial liquidation,” Flybe wrote on Twitter. The activities have been discontinued, and receivers […]
The budget deficit in the United Kingdom reached a record high last month. Public finances came under further pressure from the cost of measures to protect households and businesses against high energy bills. The government also spends much more on paying interest on its debts. The budget deficit is now […]
Apple has been fined in Russia for requiring app developers to use the iPhone maker’s own payment system. According to the Russian competition watchdog, Apple is abusing its dominant market position. Incidentally, Apple has withdrawn from Russia after the Russian invasion of Ukraine. As a result, new apps can no […]
Gas prices can fluctuate wildly back and forth for years to come because there will be too little supply to meet all demand for a long time. Saad al-Kaabi, the energy minister of Qatar, made this prediction during a conference in the neighbouring United Arab Emirates. “We bring a lot […]
