Amazon begins mass layoffs among its corporate workforce
Amazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising fears about the wider economic environment.
Nov 16, 2022
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Business
News tagged with revenue growth
Business
Amazon posts weaker-than-expected 3Q revenue, stock tumbles
Amazon returned to profitability over the summer after two consecutive quarters of losses, but its stock fell sharply in after-hours trading due to weaker-than-expected revenue and disappointing projections for the current ...
Oct 28, 2022
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Business
E-commerce giant JD.com posts slowest quarterly revenue growth
Chinese e-commerce giant JD.com reported its slowest revenue growth so far in the second quarter, the company said Tuesday, the latest in a series of gloomy numbers as China's economic growth slows.
Aug 23, 2022
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Business
Alibaba quarterly revenue flat for first time ever in June
Chinese e-commerce giant Alibaba reported flat revenue growth on Thursday for the first time ever, as the country grappled with an economic slowdown and COVID-19 resurgences kept consumers jittery.
Aug 4, 2022
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Business
Texas Instruments braces for 10% revenue hit from China lockdowns
Dallas-based Texas Instruments said COVID-related lockdown policies in China will cause the semiconductor chipmaker's revenue to take a 10% hit this spring.
Apr 27, 2022
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Business
Huawei posts record profit but US pressure, pandemic hit revenue
Chinese telecom giant Huawei said Wednesday it achieved the latest in a string of record profits last year, but revenue growth slowed sharply because of the pandemic and tightening US pressure that has pushed it into new ...
Mar 31, 2021
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Business
Twitter stock slips amid pandemic-caused revenue uncertainty
Twitter's stock tumbled Thursday after the company failed to show that it's weathering the pandemic-borne digital advertising slump the same way its bigger rivals Facebook and Google are.
Apr 30, 2020
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Profits dip at India's Infosys
India's second-largest IT outsourcing firm Infosys on Friday reported a 2.2-percent dip in quarterly net profits, hit by slowing demand for its software services in Western markets.
Oct 11, 2019
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