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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] SAN FRANCISCO (AP) — Internet networking pioneer Cisco Systems is jettisoning more than 4,000 employees, joining the parade of technology companies in a trend that has helped boost their profits and stock prices while providing a sobering reminder of the job insecurity hanging over an industry increasingly embracing artificial intelligence. The mass layoffs announced…
[ad_1] TOKYO (AP) — Asian shares mostly rose Friday, helped by optimism about technology shares following a Wall Street rally led by big tech stocks. Japan’s benchmark Nikkei 225 added 0.8% to 36,283.49. Australia’s S&P/ASX 200 jumped 1.3% to 7,688.10. South Korea’s Kospi surged 2.2% to 2,596.79. Hong Kong’s Hang Seng added 0.8% to 15,685.21,…
[ad_1] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 29, 2024. Brendan Mcdermid | Reuters The S&P 500 rose Monday and closed at a fresh record high as Wall Street looked toward several mega-cap tech earnings reports and the Federal Reserve’s rate policy decision. The…
[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] One of Turkey’s biggest e-commerce companies plans to launch operations in Ukraine even as Russia’s invasion nears the two-year mark with no end in sight. Hepsiburada.com aims to start selling goods in Ukraine if a trial run is deemed successful. It’s part of a longer-term strategy for the online group, which is battling 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,…