Swedish telecom equipment manufacturer Ericsson is cutting 8,500 jobs worldwide. Reuters reports this based on a memo that was sent to employees. The company hopes to save costs with the job cuts. On Monday, Ericsson will announce that it wants to cut 1400 jobs in Sweden. The cost savings are […]
Tech
Twitter will make its algorithm open-source by next week. At least that’s what Elon Musk, CEO of Twitter, writes on the platform. In a tweet, the CEO suggests that he will make the algorithm by which Twitter recommends content to its users open source next week. Of course, given that […]
After the first European data centre, TikTok will use two other data centres on European soil—in an attempt to address the EU’s data concerns. The Chinese TikTok is extremely popular in Europe, with more than 150 million monthly users. But it concerns a Chinese company where it is not always […]
PayPal is working on its own virtual currency but is currently on hold as a partner of the company is under investigation by the authorities. PayPal supports (only in the US) a number of cryptocurrencies for payments, but the company is also working on its own stablecoin. This is a […]
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 […]
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 […]
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 […]
American DataCore Software has acquired Object Matrix, a British specialist in object storage and media archiving. The company’s devices and cloud solutions will become part of DataCore’s Periphery portfolio. Object Matrix develops MatrixStore equipment on-premises, hybrid solutions and cloud storage solutions. The products enable broadcasters and service providers to manage […]
