Amazon plans to lay off roughly 10,000 white-collar employees, The New York Times reported Monday. The cuts will mainly affect Amazon's devices, human resources, and retail divisions, the paper said. Tech companies have laid off tens of thousands of workers this year as the US economy falters. … [Read more...] about Amazon to Cut 10,000 Jobs Amid Tech Industry Layoffs: NYT Report
Deals of the day-Mergers and acquisitions
(Adds: Stellantis, Ancora Holdings Group, Intesa Sanpaolo, New Delhi Television Ltd; Updates: Ant Group, United Rentals) Nov 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2050 P.M. GMT on Monday:** Indian conglomerate Adani Group moved a step closer in its takeover of news broadcaster New Delhi Television Ltd with an approval from the … [Read more...] about Deals of the day-Mergers and acquisitions
Why You Need a Car With the Latest Safety Tech
Berlin, August 29, 2018: Photo of the image of an electric vehicle Tesla at the Tesla motor show in Berlin. A modern electric car. Almost everyone knows that car crashes are a leading cause of death in the United States. Many people also know that new safety technologies can help reduce the number of fatalities and injuries in car accidents. But why are so many people still … [Read more...] about Why You Need a Car With the Latest Safety Tech
Texas Tech Red Raiders QB Shough Shines In First Start Since Season Opener
Texas Tech may be 5-5, but the Red Raiders are undefeated this season when senior quarterback Tyler Shough gets the start. Shough made his second start of the year against Kansas on Saturday and looked like the field general who had won the job coming into the fall. Had he not suffered a shoulder injury in Tech's first game of 2022, Shough's only other start this season, the … [Read more...] about Texas Tech Red Raiders QB Shough Shines In First Start Since Season Opener
FTX Latest: Binance CEO Plans Recovery Fund, Laments Bad Actors
Zhao said the fund is intended to prop up investor confidence following the dramatic collapse of Sam Bankman-Fried’s FTX crypto exchange. Cryptocurrency prices rallied Monday after Binance Holdings Ltd.'s Chief Executive Officer Changpeng Zhao announced plans to launch a crypto recovery fund to help industry players facing a liquidity crunch. Bitcoin edged towards $17,000 … [Read more...] about FTX Latest: Binance CEO Plans Recovery Fund, Laments Bad Actors
Crypto.com CEO tries to reassure investors in rattled markets
The platform managed to recover $400 million after it had transferred the ether cryptocurrency to the wrong account. Crypto.com's CEO tried Monday to reassure investors after the company had to recover $400 million following an erroneous transfer, further shaking markets rattled by the collapse of fellow trading site FTX.Chief of the Singapore-based firm Kris Marszalek said … [Read more...] about Crypto.com CEO tries to reassure investors in rattled markets
Twitter Advertisers Worry About Extreme Posts, S4’s Martin Sorrell Says
A slew of advertisers including Volkswagen AG, Europe’s largest carmaker, Pfizer Inc. and General Mills Inc. have said they’re pausing spending on Twitter. Advertising clients are “really worried” about their promotions featuring alongside “extreme content” on Twitter Inc.'s platform, and its new owner must address moderation concerns, advertising guru Martin Sorrell said. A … [Read more...] about Twitter Advertisers Worry About Extreme Posts, S4’s Martin Sorrell Says
Crypto.com CEO tries to reassure investors in rattled markets
The platform managed to recover $400 million after it had transferred the ether cryptocurrency to the wrong account. Crypto.com's CEO tried Monday to reassure investors after the company had to recover $400 million following an erroneous transfer, further shaking markets rattled by the collapse of fellow trading site FTX.Chief of the Singapore-based firm Kris Marszalek said … [Read more...] about Crypto.com CEO tries to reassure investors in rattled markets
Infinitum Electric Got $30M, AffiniPay Appointed a CMO, and More Austin Tech News
Photo: PROPER GOOD / FacebookAustin tech companies were busy last week raising funds, acquiring back-end technology and naming new executive hires. Catch up on the latest tech news, including Samsung’s new development plans, with the Built In Austin Weekly Refresh.PROPER GOOD raised $3.5M. PROPER GOOD is a direct-to-consumer startup that sells ready-to-eat nutritious meals. … [Read more...] about Infinitum Electric Got $30M, AffiniPay Appointed a CMO, and More Austin Tech News
Musk says he has ‘too much on plate’ amid reports of more Twitter job cuts | Twitter
Elon Musk has said he has “too much work on my plate” as it was reported that Twitter has axed more than 4,000 contractors working in areas including content moderation and engineering.The Tesla chief executive and the social media platform’s new owner told the B20 business leaders’ conference in Bali that “my workload has recently increased quite a lot”, in apparent reference … [Read more...] about Musk says he has ‘too much on plate’ amid reports of more Twitter job cuts | Twitter