[ad_1] Zoom on Tuesday announced plans to cut about 1,300 workers, or 15% of its workforce, according to a blog post on the company’s website. Shares of Zoom were up 7%…
Tag: Citing
BMO downgrades Ralph Lauren shares after 50% rally, citing ‘domestic pressures’
[ad_1] Ralph Lauren ‘s 50% rally in the past four months has gone too far, too fast, according to BMO Capital Markets, which downgraded the stock Friday to underperform. “Although…
Google parent Alphabet to cut 12,000 jobs, citing ‘economic reality’
[ad_1] Google parent Alphabet Inc. is cutting 12,000 jobs worldwide in the latest round of layoffs to hit the technology sector. CEO Sundar Pichai announced the cuts in a memo…
Microsoft to lay off 10,000 workers, citing concern about a possible recession
[ad_1] Microsoft said Wednesday it would cut 10,000 jobs worldwide amid a slowing global economy. In a blog post, Microsoft CEO Satya Nadella said the company was seeking to align…
Ubisoft cancels three games and slashes targets, citing ‘worsening macroeconomic conditions’
[ad_1] Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin’s Creed. But analysts said this has effectively closed the door on a…
Macy’s cuts holiday-quarter forecast citing squeeze on shoppers’ wallets
[ad_1] Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s on Friday cut its holiday-quarter sales forecast, saying consumers’ budgets are under…
New York prosecutor looking into Rep.-elect George Santos, citing ‘fabrications and inconsistencies’
[ad_1] George Santos, the congressman-elect from New York who’s admitted to “embellishing” his resume, is being investigated by a New York prosecutor. “The numerous fabrications and inconsistencies associated with Congressman-Elect…
Elon Musk Testifies He Had Funding to Take Tesla Private, Citing SpaceX, Saudi Arabia
[ad_1] Tech Investors say they lost money because of what he tweeted years ago about potentially taking Tesla private [ad_2] Source link