Everything there is to find on tag: recession.
IBM cuts 3,900 jobs despite promising annual results
In spite of promising annual results in 2022, IBM will cut 3,900 jobs over the next few months to reduce cost...
Tag: recession
Timeline
Activist investor Elliott Management acquires stake in Salesforce
Elliott Management acquired a significant stake in Salesforce, the Wall Street Journal reports. The activist ...
‘Google’s parent company lays off 12,000 employees’
A leaked memo suggests Alphabet will cut 12,000 jobs. The news follows shortly after the announcement of a...
Microsoft to lay off 10,000 employees, CEO confirms
Ten thousand Microsoft staffers will lose their jobs in the coming months, CEO Satya Nadella confirmed in a w...
Amazon cuts 18,000 jobs worldwide
Amazon plans to lay off 18,000 employees, citing macroeconomic circumstances as a key factor for the decision...
‘9 in 10 developers are concerned about budget and staff cuts’
Researchers from Appian suggest that nine in ten UK and EU developers are concerned about budget and staff cu...
Chipmaker GlobalFoundries warns employees of layoffs
The management of chipmaker GlobalFoundries warned employees of upcoming layoffs. Inflation and energy prices...
‘To survive economic uncertainty, CIOs should invest in personnel’
Gartner shared three pieces of advice for IT decision-makers and CIOs struggling with economic uncertainty du...
‘Huawei CEO puts company in survival mode’
Huawei's CEO reportedly sees tough economic times as a threat to the company. A focus on survival is said to ...
Microsoft books revenue growth while profits lag behind
Microsoft's revenue grew by 18 percent in the fiscal year of 2022. Nevertheless, the profit increase of 19 pe...