San Francisco, United States- Microsoft is cutting about 650 more positions from its gaming unit as it continues to tighten its belt following the blockbuster buyout of "Call of Duty" maker Activision Blizzard. The elimination of mostly corporate and support roles across Microsoft Gaming is intended to "organize our business for...
Vodafone sells Italian unit to Swisscom
British telecoms giant sold the business for US$8.7 billion.
Electronic Arts announces job cuts
The company is cutting about 5 percent of its workforce.
Cisco to cut thousands of jobs
Nearly 5% of its workforce will be hit by the cuts.
Google CEO says more layoffs are likely this year
SAN FRANCISCO, US - Google CEO Sundar Pichai has warned employees that more layoffs are in store at the search engine giant as it focused on new priorities, including artificial intelligence. "These role eliminations are not at the scale of last year's reductions and will not touch every team. But I...
Qantas loses court fight over Covid lockdown layoffs
The airline is already under fire over soaring ticket prices, allegations it sold tickets for cancelled flights, and claims that it pressured the government to stop international rival Qatar Airways from offering more flights to Australia. The country's Federal Court ruled last year that Qantas's outsourcing of ground staff jobs...
Switzerland: UBS merger with Credit Suisse raises job fears
Keeping the Swiss banking division as an independent unit appeals to many in Switzerland -- particularly as it could prevent mass layoffs in the important banking sector. Together, the two banks employ 120,000 people worldwide, including 37,000 in Switzerland.Amazon logs profit in Q1
The company's shares spiked over 10 percent on Thursday.Google stops work on big Silicon Valley campus: report
The internet titan is scheduled to release its most recent quarterly earnings figures next week. A site in San Jose had been cleared for a Google "Downtown West" campus, with construction to start by the end of this year, according to CNBC.
UAE leads as ease in doing business makes prospects bright for small startups, self-employed across GCC
The market for small startups and self-employed entrepreneurs will boom due to lower startup cost amidst policy reforms and more incubators and shared offices, says an expert.
Google announces 12,000 job cuts globally, cites changing economic reality
Google's parent company Alphabet announced about 12,000 job cuts globally citing a changing "economic reality", becoming the latest US tech giant to enact large-scale restructuring. The layoffs come a day after Microsoft said it would reduce staff numbers by 10,000 in the coming months, following similar cuts by Facebook owner...Microsoft to lay off 10,000 workers as economic gloom deepens
The tech giant will lay off some 10,000 employees in the coming months as the economic downturn continues to punish US tech giants. The job cuts is expected to affect close to five percent of employees and follow in the wake of similar moves by Facebook-owner Meta, Amazon and Twitter.
More firms opt for M&As amidst financial distress
As money starts to dry up and subsequent funding rounds get more precarious, companies are expected to experience more acute financial distress and look for any semblance of certainty. This will lead more and more companies to be open to the possibility of M&As, Basta adds.
