IBM to cut 3,900 jobs as it reorganizes business
IBM will slash some 3,900 jobs, slightly more than one percent of its workforce, related to businesses it has divested, a source close to the matter told AFP on Wednesday.
Jan 26, 2023
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Business
News tagged with quarterly earnings
Business
US tech titans buffeted by economic headwinds and TikTok
US tech titans looking to the future are seeing growth take a beating in the face of foreign competition and a tough economy in the here and now.
Oct 27, 2022
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Business
Amazon quarterly profit slips as shoppers seek bargains
Amazon on Thursday said that its profit in the third quarter slipped more than 9 percent to $2.9 billion, despite an uptick in sales helped by Prime day bargains.
Oct 27, 2022
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Business
Delta results show strong demand but also cost pressures
Shares of Delta Air Lines tumbled Wednesday as swelling costs pressured quarterly earnings, despite persistently robust demand that so far appears resilient amid inflation.
Jul 13, 2022
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Business
Taiwan's Foxconn says impact from Chinese lockdowns limited
Taiwanese tech giant Foxconn on Thursday said the impact on production from COVID lockdowns in China was "limited" and most of its facilities in the country were operating normally.
May 12, 2022
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Business
Airbnb says record bookings signal travel rebound
Bookings on Airbnb hit a new high in this year's first quarter, the home rental platform reported Tuesday, in a fresh signal that travel demand stifled by the Covid-19 pandemic is being unleashed.
May 4, 2022
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Business
Uber hit with loss in quarter despite rider rebound
Uber shares skidded Wednesday after the company said it was hit with a big loss in the first three months of this year despite a rebound in its ride-share business.
May 4, 2022
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Business
Shareholder sues Netflix over subscriber slip
A Netflix shareholder is seeking class action status for a lawsuit accusing the streaming television titan of not making it clear that subscriber numbers were in peril.
May 4, 2022
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Automotive
Ford confirms 2022 profit outlook despite lingering semiconductor crunch
Ford confirmed its 2022 profit outlook Wednesday despite lower quarterly auto sales as strong vehicle pricing offsets the hit from higher operating costs and the ongoing semiconductor chip shortage.
Apr 28, 2022
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Business
Twitter, in possibly last quarterly report, sees user growth
Twitter's quarterly profit, revenue and the number of daily users on its platform are rising but its quarterly report, released days after agreeing to be sold to billionaire Elon Musk, offered scant details about what it ...
Apr 28, 2022
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