Browsing Tag
downturn
Intel slashes employee, executive pay amid PC market downturn
Reuters
January 31
Intel Corp said on Tuesday that it had made…
Forrester: 6 steps tech leaders should take even during the economic downturn
This requires maximizing the use of technology, avoiding tech layoffs, and emphasizing employee and customer experience outcomes, according to a…
TSMC Defies Broader Industry Downturn, Posts 78 Percent Rise in Q4 Net Profit: All Details
Taiwanese chipmaker TSMC posted a 78 percent rise in fourth-quarter net profit on Thursday, posting yet another quarterly record, as strong sales of advanced…
Coinbase is laying off another 950 workers amid a crypto market downturn
is letting another 950 employees go, seven months after it . In a , the company's CEO Brian Armstrong said that amid a downturn in the crypto market and the…
Coinbase lays off a fifth of staff as crypto downturn continues
Cryptocurrency exchange Coinbase is the latest tech company to announce mass layoffs. In an email to staff on Tuesday, CEO Brain Armstrong said the company…
Samsung’s fourth-quarter profit nosedives amid chip downturn and weakening smartphone demand
Samsung's profit in the fourth quarter last year dropped nearly 70% from a year prior due to low demand for semiconductors and smartphones from the global…
Fidelity Charitable launches NFT raffle amid crypto downturn
A visitor wearing a face mask walks past artwork displayed at an NFT (non-fungible…
Mark Zuckerberg to let go 13% of Meta’s employees amid slow revenue and macroeconomic downturn
Today, Meta’s CEO Mark Zuckerberg announced the company will lay off about 13% of its workforce, more than 11,000 employees, to “become a leaner and…