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[ad_1] Toast Inc., a restaurant-focused software company, will cut about 550 employees, adding to the spate of technology industry workforce reductions since the start of 2024. The affected employees were told Thursday, according to a person familiar with the cuts, who asked not to be identified because the information wasn’t yet public. A spokesperson said…
[ad_1] Meta Platforms Inc. announced plans to buy back an additional $50 billion in shares and issue its first-ever quarterly dividend as Chief Executive Officer Mark Zuckerberg works to convince investors that his costly bets on the metaverse and artificial intelligence will pay off. The social media giant also reported strong fourth-quarter results, posting a…
[ad_1] Salesforce Inc. is cutting about 700 workers, adding to a brutal string of tech layoffs at the start of 2024. Less than 1% of workers will be cut, according to a person familiar with the plans who wasn’t authorized to discuss them publicly and asked not to be identified. A Salesforce representative declined to…
[ad_1] The largest technology stocks that lifted the broader market last year are having a less-rosy start to 2024. The so-called Magnificent Seven, which includes Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., Meta Platforms Inc., Tesla Inc. and Nvidia Corp., slipped for the last four trading days, the longest losing streak in a month,…