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Reduced ad spends due to rising inflation and higher interest rates have battered Rupert Murdoch’s media conglomerateMedia conglomerate News Corp said on Thursday that it would cut 1,250 jobs after it missed estimates for second-quarter earnings due to…
Mexico’s inflation rate rose in January to 7.91%, leading the country’s central bank to boost its principle interest rate to 11%.
GitLab CEO Sid Sijbrandij said in a message to employees Thursday that the company is reducing headcount by 7%, or about 130 positions. From a report: “The current macroeconomic environment is tough, and as a result, companies are still spending but th…
Microsoft-owned GitHub is laying off 10% of its staff. From a report: In a message to staff on Thursday, GitHub’s CEO Thomas Dohmke said that due to “new budgetary realignments” the company must reduce the workforce “by up to 10% through the end of FY2…
Warning comes as Alphabet’s shares continue to plummet after error made by Bard AI system during demoThe type of factual error that blighted the launch of Google’s artificial intelligence-powered chatbot will continue to trouble companies using the tec…
Homeless charity Crisis say rise in repossessions shows ‘devastating impact’ of the cost of living crisis on rentersRental evictions have surged by 98% in a year, official figures show, with a charity saying this showed the “devastating impact” of the …
Zhu Su and Kyle Davies, the founders of failed crypto hedge fund Three Arrows Capital (3AC), have teamed with the co-founders of crypto exchange CoinFlex on the creation of Open Exchange, touting it as the “world’s first public market place for crypto …
Chick-fil-A is jumping on the plant-based bandwagon.
The average long-term U.S. mortgage rate ticked up slightly this week after four weeks of declines, a possible sign of stability that could draw in home shoppers with spring buying season weeks away.
Mattia Muggittu says he feels like David v Goliath as energy drink firm disputes branding on his first bottlesA small wine producer in Sardinia accused by the maker of the Red Bull energy drink of copying its logo has said he feels as if he is in a Dav…