Samsung says second-quarter operating profit fell 95%
Samsung Electronics on Thursday reported a more than 95 percent plunge in operating profits in the second quarter owing to weak demand for memory chips.
Jul 27, 2023
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Page 9 - News tagged with cutting
Business
American, Southwest Airlines shore up finances amid pandemic
US airlines' continued efforts to rein in costs and step up safety measures so travelers will return to the skies paid off in results reported Thursday that showed carriers paring losses in the latest quarter.
Oct 22, 2020
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Salesforce to lay off 8,000 workers in latest tech purge
Business software maker Salesforce is laying off about 8,000 employees, or 10% of its workforce, as major technology companies continue to prune payrolls that rapidly expanded during the pandemic lockdown.
Jan 4, 2023
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As the online pandemic boom fades, Shopify cuts 1,000 jobs
Shopify is cutting 10% of its staff, or about 1,000 employees, as the e-commerce company reckons with an unexpected sales downturn after a pandemic-fueled explosion.
Jul 26, 2022
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Google trims Bay Area jobs at offices it had leased a few years ago
Google has revealed plans to trim dozens of jobs in the Bay Area in a fresh round of job cuts—but these most recent reductions represent a tiny fraction of the layoffs the tech titan had disclosed early this year.
Nov 1, 2023
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Amazon's Audible is laying off 5% of its workforce, marking another round of job cuts in tech
Amazon-owned online audiobook and podcast service Audible is laying off about 5% of its workforce, marking the third round of job cuts at the e-commerce giant's businesses this week as the technology industry continues to ...
Jan 12, 2024
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Finland's national carrier cuts over 10% of workforce
Finland's national carrier said Tuesday it will cut 700 jobs - over 10% of its workforce - by the end of March next year due to the impact of the COVID-19 pandemic on global travel.
Oct 20, 2020
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Spotify to cut some 600 staff as tech woes spread
Swedish music streaming giant Spotify said Monday it was cutting six percent of its roughly 10,000 employees in the latest cost-cutting announcement among technology companies.
Jan 23, 2023
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Musk and Zuckerberg call out each other for cage fight
Tech titans Mark Zuckerberg and Elon Musk are in a fierce business rivalry that has spilt over into a playground spat, with the two men offering to fight each other in a cage.
Jun 22, 2023
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New streaming app to 'Max' programming from HBO, Discovery
Warner Bros. Discovery unveiled a streaming service Wednesday combining iconic HBO programming such as "The Sopranos" with a mix of unscripted TV series in a push to reap more subscribers from what so far has been a muddled ...
Apr 12, 2023
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