CNBC reports that the company made the announcement on Feb.
7 via a blog post.
1,300 workers will be let go.
CEO Eric Yuan cited the need to navigate the "uncertainty of the global economy.".
We worked tirelessly and made Zoom better for our customers and users.
But we also made mistakes, Eric Yuan, Zoom CEO, via blog post.
We didnât take as much time as we should have to thoroughly analyze our teams or assess if we were growing sustainably, toward the highest priorities, Eric Yuan, Zoom CEO, via blog post.
As the CEO and founder of Zoom, I am accountable for these mistakes and the actions we take todayâ and I want to show accountability not just in words but in my own actions, Eric Yuan, Zoom CEO, via blog post.
According to Yuan, every organization
within Zoom will be impacted.
Those who lose their jobs will receive up to
16 weeks of salary and health insurance.
Yuan said he will reduce his upcoming
fiscal year salary by 98% and will forfeit
his 2023 bonus to help the company.
Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce.
Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce.
Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce.
Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce.
Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce.
Other tech companies who have recently announced layoffs include Dell, Google, Microsoft, Meta, Twitter and Salesforce
Tesla to Lay Off , Over 10% of Global Workforce.
In a memo obtained by Electrek, CEO
Elon Musk announced that at least 14,000 roles will be cut, 'The Guardian' reports. .
In a memo obtained by Electrek, CEO
Elon Musk announced that at least 14,000 roles will be cut, 'The Guardian' reports. .
Musk attributed some of the layoffs to
the fact that there had "been duplication
of roles and job functions in certain areas" amid periods of rapid growth.
Musk attributed some of the layoffs to
the fact that there had "been duplication
of roles and job functions in certain areas" amid periods of rapid growth.
As we prepare the company for our
next phase of growth, it is extremely
important to look at every aspect of
the company for cost reductions
and increasing productivity, Elon Musk, via internal memo.
As part of this effort, we have
done a thorough review of the
organization and made the difficult
decision to reduce our headcount
by more than 10% globally, Elon Musk, via internal memo.
There is nothing I hate more, but it
must be done. This will enable us
to be lean, innovative and hungry
for the next growth phase cycle, Elon Musk, via internal memo.
I would like to thank everyone
who is departing Tesla for their
hard work over the years, Elon Musk, via internal memo.
As of December 2023,
Tesla employed 140,473 people. .
Company shares dropped by over 1%
in premarket trading on April 15. .
Meanwhile, it was also reported on April 15 that BP is laying off over a tenth of its Pulse unit which deals with electric vehicle charging.
Credit: Wibbitz Top Stories Duration: 01:31Published
Shares in Meta, the owner of Facebook, WhatsApp and Instagram, have fallen sharply after the company revealed it had raised its cost forecast for the current.. Sky News
Jon Stewart is saying that Apple asked him not to talk to the Federal Trade Commission Chair Lina Khan on his former Apple show 'The Problem with Jon Stewart.' Khan, who became chair of the FTC in 2021, has made a name for herself for being an outspoken critic of the business practices of Big Tech companies like Amazon and Meta and has been praised by both Democrats and Republicans for her antitrust efforts. Khan was a guest on Monday's episode of Comedy Central's 'The Daily Show,' where Stewart made the revelation.
Credit: The Hollywood Reporter Duration: 01:47Published
Social media users worldwide were left in the dark on Tuesday, March 5th, 2024, as a massive outage hit Meta's platforms, including Facebook, Instagram, and WhatsApp. The disruption, lasting several hours, not only left billions of users disconnected but also dealt a blow to Meta's financial standing.
#Meta #MarkZuckerberg #Facebook #Instagram #WhatsApp #MetaOutage #FacebookOutage #InstagramOutage #SocialMedia #GlobalOutage
~PR.151~ED.103~GR.124~HT.96~
The Multi-Cloud Storage Service offers a single, intuitive interface for interacting with industry-leading cloud storage platforms like Amazon S3, Google Cloud.. DNA
Microsoft Makes $1.5 Billion , Investment in Leading , UAE Technology Firm.
Microsoft Makes $1.5 Billion , Investment in Leading , UAE Technology Firm.
'The Independent' reports that Microsoft has announced
a $1.5 billion investment in a leading United Arab
Emirates-based artificial intelligence firm. .
'The Independent' reports that Microsoft has announced
a $1.5 billion investment in a leading United Arab
Emirates-based artificial intelligence firm. .
The deal, overseen by the UAE's powerful national security
adviser, will see Microsoft president Brad Smith join
technology holding company G42's board of directors.
The deal, overseen by the UAE's powerful national security
adviser, will see Microsoft president Brad Smith join
technology holding company G42's board of directors.
The UAE's national security adviser,
Sheikh Tahnoon bin Zayed Al Nahyan, is the
current chairman of G42's board of directors. .
In a statement released on April 16, Microsoft
said the deal âwas developed in close consultation
with both the UAE and U.S. governments.â.
In a statement released on April 16, Microsoft
said the deal âwas developed in close consultation
with both the UAE and U.S. governments.â.
G42, which runs data centers in the Middle East
and elsewhere, has built the world's leading
Arabic-language AI model, Jais. .
According to Microsoft, G42 will move its
AI applications and services over to the U.S.
tech giant's cloud computing platform. .
According to Microsoft, G42 will move its
AI applications and services over to the U.S.
tech giant's cloud computing platform. .
The deal will also look to bring digital infrastructure
to regions that G42 has already established
a presence, including the Middle East and Africa.
'The Independent' reports that G42 previously cut ties with
Chinese hardware suppliers to limit U.S. concerns that
the company was closely tied to the Chinese government.
'The Independent' reports that G42 previously cut ties with
Chinese hardware suppliers to limit U.S. concerns that
the company was closely tied to the Chinese government.
Prior to Microsoft's investment, the company
reportedly faced allegations of spying for its
connection to a mobile phone app identified as spyware.
The tech company also faced accusations
that it gathered genetic material from
U.S. users for the Chinese government. .
The tech company also faced accusations
that it gathered genetic material from
U.S. users for the Chinese government.
Credit: Wibbitz Top Stories Duration: 01:31Published
US Government Emails With Microsoft , Were Stolen by Russian Hackers.
On April 11, American officials confirmed
that emails sent between Microsoft and
U.S. government agencies have been
stolen by Russian hackers, CNN reports. .
According to Eric Goldstein, a senior
official at the U.S. Cybersecurity and Infrastructure Security Agency (CISA), .
those emails may have included login information like usernames and passwords.
At this time, we are not aware of any
agency production environments that
have experienced a compromise as
a result of a credential exposure. , Eric Goldstein, a senior official at the U.S. Cybersecurity
and Infrastructure Security Agency (CISA), via CNN.
Even though there is currently no evidence that the stolen credentials have been used to compromise federal computer systems, .
CISA described the occurrence as an "unacceptable risk to agencies.".
As a result, the agency released an "emergency directive" on April 11 ordering those potentially affected by the hack to bolster their defenses. .
The hack was first revealed by
Microsoft in January, but it has gotten more serious as new details continue to emerge.
CNN reports that the U.S. has
previously linked the hackers in question
to Russia's foreign intelligence service. .
A Microsoft spokesperson
issued a statement on April 11.
As we shared in our March 8 blog,
as we discover secrets in our
exfiltrated email, we are working
with our customers to help them
investigate and mitigate, Microsoft spokesperson, via CNN.
This includes working with CISA on
an emergency directive to provide
guidance to government agencies, Microsoft spokesperson, via CNN
Credit: Wibbitz Top Stories Duration: 01:30Published
NYCâs AI Chatbot Has Been , Telling Businesses to Break the Law.
New York City's AI chatbot was created to help small business owners, but it's been dispensing concerning advice, AP reports. .
For example, many small business owners have
been given inaccurate information about local policies or been encouraged to break the law.
However, the city is not removing
the chatbot from its official website.
Instead, it has provided a disclaimer stating that the chatbot may "occasionally produce incorrect, harmful or biased" information.
Critics say that the situation highlights
the dangers of AI being used by
governments without proper guardrails.
Theyâre rolling out software that
is unproven without oversight, Julia Stoyanovich, computer science professor
and director of the Center for Responsible AI
at New York University, via statement.
Itâs clear they have no intention
of doing whatâs responsible, Julia Stoyanovich, computer science professor
and director of the Center for Responsible AI
at New York University, via statement.
Thereâs a different level of trust thatâs
given to government. Public officials need
to consider what kind of damage they can
do if someone was to follow this advice
and get themselves in trouble, Jevin West, a professor at the University of Washington and
co-founder of the Center for an Informed Public, via statement.
Microsoft, which powers the chatbot, said it
is working with the city "to improve the service
and ensure the outputs are accurate and
grounded on the cityâs official documentation.".
On April 2, Mayor Eric Adams said that
letting users find issues with the chatbot is just part of sorting out the new technology.
Anyone that knows technology knows this
is how itâs done. Only those who are fearful
sit down and say, âOh, it is not working the
way we want, now we have to run away from
it all together.â I donât live that way, Mayor Eric Adams, via statement.
Julia Stoyanovich, a computer science professor and director of the Center for Responsible AI at New York University, referred to Adams' approach as "reckless and irresponsible," AP reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
OpenAI and Microsoft Make Plans , for $100 Billion Data Center.
According to The Information, the two companies are planning to build a data center that would house an AI supercomputer
called "Stargate," Reuters reports.
According to The Information, the two companies are planning to build a data center that would house an AI supercomputer
called "Stargate," Reuters reports.
The project, which could cost $100 billion or more, is reportedly set to launch in 2028.
The tentative cost is roughly 100 times
more expensive than some of the
biggest data centers that exist today. .
Demand for AI data centers has increased due to
the rapid advancement of generative artificial intelligence technology, Reuters reports. .
This is because traditional data
centers aren't as capable of handling
the advanced tasks that AI requires. .
Several supercomputers
would be built across five phases.
"Stargate" would be launched in the fifth phase, while a smaller supercomputer would be launched
in the fourth phase, tentatively around 2026.
Microsoft and OpenAI are reportedly
in the third phase currently.
We are always planning for
the next generation of infrastructure
innovations needed to continue
pushing the frontier of AI capability, Microsoft spokesperson, to Reuters .
The cost for the next two phases largely revolves around acquiring expensive AI chips.
In March, Nvidia CEO Jensen Huang said
that the newest "Blackwell" B200 AI chip
will cost between $30,000 and $40,000
Credit: Wibbitz Top Stories Duration: 01:31Published
Is Cereal Good for You?.
'USA Today' reports that these are the
10 most-purchased cereals in America, according to data compiled by Google:.
Honey Nut Cheerios, Frosted Flakes, Cap'n Crunch, Kellogg's Froot Loops, Cinnamon Toast Crunch, .
Honey Nut Cheerios, Frosted Flakes, Cap'n Crunch, Kellogg's Froot Loops, Cinnamon Toast Crunch, .
Honey Nut Cheerios, Frosted Flakes, Cap'n Crunch, Kellogg's Froot Loops, Cinnamon Toast Crunch, .
Honey Nut Cheerios, Frosted Flakes, Cap'n Crunch, Kellogg's Froot Loops, Cinnamon Toast Crunch, .
Honey Nut Cheerios, Frosted Flakes, Cap'n Crunch, Kellogg's Froot Loops, Cinnamon Toast Crunch, .
Lucky Charms, Special K, Chex,
Cheerios and Rice Krispies.
Lucky Charms, Special K, Chex,
Cheerios and Rice Krispies.
Lucky Charms, Special K, Chex,
Cheerios and Rice Krispies.
Lucky Charms, Special K, Chex,
Cheerios and Rice Krispies.
Lucky Charms, Special K, Chex,
Cheerios and Rice Krispies.
Cereal requires minimal preparation,
is shelf-stable, convenient, affordable
and can be a good way to get
some fiber in the morning, Leslie Bonci, a sports dietitian for the Kansas City Chiefs
and founder of Active Eating Advice, via 'USA Today'.
Cereal can also be a great way to
get micronutrients and one of the
best ways to ensure B vitamin
intake is included in your diet. , Leslie Bonci, a sports dietitian for the Kansas City Chiefs
and founder of Active Eating Advice, via 'USA Today'.
However, "cereals that are made of refined grains â grains that have had parts of the grain kernel removed â are lower in fiber and nutrients," according to registered dietitian Kate Zeratsky.
Added sugars are also a concern. For adults, the FDA advises consuming no more than 50 grams of added sugars per day as part of a 2,000-calorie diet.
The agency recommends that
children don't exceed 25 grams.
But some cereals contain large amounts of added sugars, such as Post's Golden Crisp, which has
21 grams of added sugars in just one cup.
Zeratsky suggests sticking with cereal brands that have added sugars "in the single digits" that also contain whole grains.
Cheerios and Rice Krispies contain
low amounts of added sugars, .
Cheerios and Rice Krispies contain
low amounts of added sugars, .
while Grape Nuts, Cracklin' Oat Bran, Wheaties, Shredded Wheat, Raisin Bran and Special K are
high in dietary fiber and whole grains.
while Grape Nuts, Cracklin' Oat Bran, Wheaties, Shredded Wheat, Raisin Bran and Special K are
high in dietary fiber and whole grains.
while Grape Nuts, Cracklin' Oat Bran, Wheaties, Shredded Wheat, Raisin Bran and Special K are
high in dietary fiber and whole grains.
while Grape Nuts, Cracklin' Oat Bran, Wheaties, Shredded Wheat, Raisin Bran and Special K are
high in dietary fiber and whole grains.
while Grape Nuts, Cracklin' Oat Bran, Wheaties, Shredded Wheat, Raisin Bran and Special K are
high in dietary fiber and whole grains
Credit: Wibbitz Top Stories Duration: 01:31Published
Google Fires More Staffers , Following Protests Over , $1.2 Billion Israel Deal.
Google Fires More Staffers , Following Protests Over , $1.2 Billion Israel Deal.
'The Independent' reports that Google has fired at least
20 more workers following protests over the company
supplying Israel with technology amid the Gaza war.
'The Independent' reports that Google has fired at least
20 more workers following protests over the company
supplying Israel with technology amid the Gaza war.
A group representing the fired
workers said the total number of staff
terminated for protesting is now over 50. .
Internal turmoil at the tech giant revolves around
'Project Nimbus,' a 2021 contract for both Google and
Amazon to provide the Israeli government with technology. .
Internal turmoil at the tech giant revolves around
'Project Nimbus,' a 2021 contract for both Google and
Amazon to provide the Israeli government with technology. .
The $1.2 billion contract includes
cloud computing and artificial
intelligence services. .
The $1.2 billion contract includes
cloud computing and artificial
intelligence services. .
Last week, workers held sit-in
protests at Google's offices in both
New York and Sunnyvale, California.
The protests were organized by the group
No Tech For Apartheid, who said that 30 workers
were fired following the initial sit-in. .
According to Jane Chung, a spokeswoman for
No Tech For Apartheid, Google has now fired
"over 20" more workers, âincluding non-participating
bystanders during last weekâs protests.â.
Googleâs aims are clear:
the corporation is attempting
to quash dissent, silence
its workers, and reassert
its power over them, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
In its attempts to do so,
Google has decided to
unceremoniously, and
without due process,
upend the livelihoods of
over 50 of its own workers, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
In its attempts to do so,
Google has decided to
unceremoniously, and
without due process,
upend the livelihoods of
over 50 of its own workers, Jane Chung, a spokeswoman for No Tech For Apartheid, via 'The Independent'.
Google has disputed the group's claims,
stressing that the company carefully found that, âevery single one of those whose employment
was terminated was personally and definitively
involved in disruptive activity inside our buildings.â
Credit: Wibbitz Top Stories Duration: 01:31Published
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Google Fires Employees , for Protesting Israel Contract.
28 Google workers have been fired for protesting
a $1.2 billion contract that the company has with
the Israeli government and military to provide
cloud and AI services, NBC News reports. .
The firings follow an April 16 sit-in at
Google's offices in California, New York and Seattle in which nine workers were arrested.
The group that coordinated the demonstration
is known as No Tech for Apartheid. .
Google issued a statement about the recent firings.
A small number of employee
protesters entered and disrupted
a few of our locations. , Google spokesperson, via statement.
Physically impeding other employeesâ
work and preventing them from
accessing our facilities is a clear
violation of our policies, and
completely unacceptable behavior. , Google spokesperson, via statement.
We have so far concluded
individual investigations that
resulted in the termination of
employment for 28 employees,
and will continue to investigate
and take action as needed, Google spokesperson, via statement.
No Tech for Apartheid claims that the
workers were fired "indiscriminately.".
This excuse to avoid confronting
us and our concerns directly,
and attempt to justify its illegal,
retaliatory firings, is a lie, No Tech for Apartheid, via statement.
Meanwhile, many of Google's workers have
reportedly quit after experiencing "mental health consequences of working at a company that is using their labor to enable a genocide," No Tech for Apartheid said.
On a personal level, I am opposed
to Google taking any military
contracts â no matter which
government theyâre with or what
exactly the contract is about. , Cheyne Anderson, a Google Cloud software engineer based
in Washington who was arrested during a sit-in, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix released a Q1 earnings report on April 18, indicating that its number of subscribers jumped 16% year-over-year to reach 269.6 million.
Analysts only expected the streamer to have about 264.2 million subscribers, CNBC reports. .
The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion. .
However, Netflix said that its membership numbers are no longer the main factor contributing to the company's growth.
As a result, the company will stop providing "quarterly membership numbers or average revenue per user" beginning in 2025, CNBC reports. .
Instead, it will divulge "major subscriber milestones as we cross them.".
Price hikes, terminating password sharing
and offering an ad-supported tier are all tactics that have boosted revenue.
Netflix is also seeking to gain traction within the video game space and recently partnered with TKO Group Holdings to offer WWE on the platform.
Weâre in the very early days of
developing our live programming and
I would look at this as an expansion of
the types of content we offer, the way
we expanded to film and unscripted and
animation and most recently games, Ted Sarandos, co-CEO of Netflix, via earnings call.
We believe that these kind of event cultural
moments like the Jake Paul and Mike Tyson
fight are just that kind of television, and we
want to be part of winning over those
moments with our members as well, so that
for me is the excitement part of this, Ted Sarandos, co-CEO of Netflix, via earnings call.
As of the morning of April 18,
Netflix's stock was up 27%
Credit: Wibbitz Top Stories Duration: 01:30Published
Amazon Cuts Hundreds , of Cloud Computing Jobs.
An Amazon Web Services (AWS)
spokesperson issued a statement about
the job cuts on April 3, CNBC reports. .
Weâve identified a few targeted areas of
the organization we need to streamline
in order to continue focusing our efforts
on the key strategic areas that we
believe will deliver maximum impact, AWS spokesperson, via statement.
We didnât make these decisions
lightly, and weâre committed
to supporting the employees
throughout their transition to new
roles in and outside of Amazon, AWS spokesperson, via statement.
Cuts are being made to the store technology division âas a result of a broader strategic shift in the use of some applications in Amazonâs owned as well as in third-party stores,â the spokesperson said.
The layoffs come after Amazon announced that it was ending its Just Walk Out technology in Fresh stores.
The cashierless technology is overseen
by teams within the AWS unit. .
Beginning in 2022, Amazon started
its largest layoffs in history by letting
go of 27,000 roles company-wide. .
So far in 2024, the retail behemoth has cut jobs at Audible, Buy with Prime, Prime Video, MGM Studios and Twitch, CNBC reports. .
This latest round of cuts will
allow U.S. employees to collect pay
and benefits for a minimum of 60 days.
They will also be offered a severance package.
Credit: Wibbitz Top Stories Duration: 01:30Published
UPS to Become US Postal Serviceâs , Main Air Cargo Provider.
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
In fiscal year 2023, USPS paid FedEx $1.73 billion
for its services, down from the $2.4 billion
FedEx received in fiscal year 2020.
The decrease in payments was partially due
to the postal service using more economical
trucks in place of planes, CNBC reports. .
The parties were unable to reach
agreement on mutually beneficial
terms to extend the contract, FedEx, via securities filing.
Since FedEx will lose nearly $2 billion in annual
business from letting go of the contract, .
hundreds of pilots will likely
lose their jobs, CNBC reports .
Following the announcement, UPS shares
increased 1.4% while FedEx stock dropped 1.6%.
FedEx's current contract is
set to expire on Sept. 29
Credit: Wibbitz Top Stories Duration: 01:30Published
Krispy Kreme to Be Sold , at McDonaldâs Nationwide.
Krispy Kreme to Be Sold , at McDonaldâs Nationwide.
Both food chains made the announcement
on March 26, CNBC reports. .
The rollout will start later this year but will take until the end of 2026 to reach McDonald's nationwide. .
That's because Krispy Kreme will have
to "more than double its distribution"
to meet demand, CNBC reports. .
We think we can service about
6,000 restaurants with our existing
infrastructure, mostly doughnut
shops, which have excess capacity, Krispy Kreme CEO Josh Charlesworth, to CNBC.
Shares of Krispy Kreme jumped 22%
following the announcement.
Krispy Kreme is also expanding distribution
to grocery and convenience stores.
That means that the overall efficiency
and productivity of our distribution network will significantly improve over time, not just
because of all those local deliveries. , Krispy Kreme CEO Josh Charlesworth, to CNBC.
Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. .
Currently, Krispy Kreme typically makes more doughnuts than it can sell, so churning out even more product will take few additional costs. .
Overall, therefore, it makes our system
more profitable to grow the deliver
fresh daily channel, and McDonaldâs
is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC.
Overall, therefore, it makes our system
more profitable to grow the deliver
fresh daily channel, and McDonaldâs
is an accelerator of that, Krispy Kreme CEO Josh Charlesworth, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
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