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Global monthly semiconductor sales drop as chip market takes another hit
Nov 13,2023
Worldwide semiconductor sales are down 0.5% in September, on a month-to-month basis, according to statistics released by the Semiconductor Industry Association, and down 3% compared to September 2021, as demand continues to soften in the face of mult...
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IBM, Maersk scuttle blockchain-based TradeLens supply chain platform
Nov 13,2023
Four years after IBM and Maersk first unveiled TradeLens, the companies have announced they will be withdrawing TradeLens offerings and will discontinue the blockchain-based supply chain platform. The platform will go offline by the end of the f...
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Asana to lay off 9% of its workforce to improve operating costs
Nov 13,2023
Joining other technology companies that are laying off workers to battle global economic headwinds, work management software provider Asana on Tuesday said it was laying off 9% of its total workforce in order to cut operating expenses....
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Apple must take another brick from its wall, says EU
Nov 13,2023
The European Union (EU) wants to break down the wall surrounding Apple's proverbial garden, as new laws targeting Big Tech may force the company to support third-party app stores on its devices. Another brick from the wall The EU's Digital Markets Ac...
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Stewart Butterfield announces he's stepping down as Slack's CEO
Nov 13,2023
Slack CEO Stewart Butterfield has announced he will be stepping down from the company in January. The news comes less than a week after Salesforce's co-CEO, Bret Taylor, said he would be departing the company at the end of the fiscal quarter. Salesfo...
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Zoom sales growth slows as online business slumps in post-pandemic era
Nov 13,2023
Zoom's third quarter results show that the big question for the company is whether sales to enterprises will be strong enough to compensate for slowing growth of online, or consumer, revenue as businesses bring workers back to the office in the wake ...
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Meta hit with $413 million fine in EU for breaking GDPR rules
Nov 13,2023
The Irish Data Protection Commission announced Wednesday that it would fine Meta Ireland a total of$413 million for breaches of the EU's GDPR (General Data Protection Regulation) related to the company's handling of personal information on Facebook a...
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Apple's $117.2 billion Q1 misses earnings expectations
Nov 13,2023
Apple on Thursday reported revenues of$117.2 billion in the first fiscal quarter, off 5% from a year earlier. While there were several bright spots, the financial report confirmed iPhone supply challenges plagued the company in the last three months ...
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Intel suffers double-digit revenue decline in Q4 2022
Nov 13,2023
Poor sales of PC and server chips caused Intel's revenue for the fourth quarter of 2022 to dive 32% year on year, leading to a$664 million net loss for the quarter. The outlook for Q1 of 2023 is not an optimistic one either, with CEO Pat Gelsinger te...
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Raises for some IT pros could jump 8% in 2023, exceeding inflation
Nov 13,2023
After failing miserably to keep up with inflation over the past two years, it appears salaries for IT pros are beginning to catch up, according to a new study from Janco Associates. In 2021, the mean compensation for all IT pros rose j...
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Zoom lays off 15% of its workforce after growth spurt during pandemic
Nov 13,2023
After expanding its staff by three times in the span of 24 months during the pandemic, cloud-based videoconferencing service provider Zoom on Wednesday said that it was laying off 15% of its workforce, fearing uncertain macroeconomic conditions. "We ...
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Study: When employees don't have to commute, they work
Nov 13,2023
When employees are allowed to work remotely, they most often use the time they would have spent commuting to the office working. On average, employees save 72 minutes in commute time every day when they're allowed to work from home rather than in the...
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