Google employees scramble for answers after long layoffs

Google employees scramble for answers after long layoffs

Google employees are scrambling for answers from management and co-workers as the company undergoes a massive layoff. Friday, AlphabetGoogle, owned by Google, announced the cut of 12,000 employees, or about 6% of the full-time workforce. As employees prepared for a possible layoff, they questioned management about the criteria for layoff, which surprised some employees, who … Read more

Feds seized nearly $700 million from FTX founder Bankman-Fried

Feds seized nearly 0 million from FTX founder Bankman-Fried

Jan 20 (Reuters) – Federal prosecutors seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, much of it in the form of Robinhood stock, according to a court filing on Friday. Bankman-Fried, who was accused of stealing billions of dollars from FTX clients to pay debts incurred by his crypto-focused hedge … Read more

Elon Musk defends tweets in San Francisco securities fraud lawsuit

Elon Musk defends tweets in San Francisco securities fraud lawsuit

Alex Spiro, attorney for Elon Musk, center, leaves court in San Francisco, California, U.S., Tuesday, January 17, 2023. Benjamin Fanjoie | Bloomberg | Getty Images You’re here CEO Elon Musk appeared in federal court in San Francisco on Friday to defend tweets he posted to his tens of millions of followers in August 2018. The … Read more

Amazon’s AWS to invest $35 billion in Virginia

Amazon’s AWS to invest  billion in Virginia

WASHINGTON, Jan 20 (Reuters) – The cloud services division of Amazon.com Inc (AMZN.O) said on Friday it plans to invest an additional $35 billion by 2040 to expand data centers in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Republican Virginia Governor Glenn Youngkin said AWS will establish multiple data … Read more

Elon Musk speaks out in class action lawsuit over controversial tweet

Elon Musk speaks out in class action lawsuit over controversial tweet

CNN — Tesla CEO Elon Musk spoke in a California courtroom on Friday to testify in the trial over his controversial 2018 “funding secured” tweet. Tesla (TSLA), Musk and corporate leaders are facing a shareholder lawsuit over his infamous 2018 tweet, which said he was considering taking Tesla (TSLA) private for $420 a share. It … Read more

Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI

Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI

Jan 20 (Reuters) – Google’s parent company Alphabet Inc (GOOGL.O) is cutting around 12,000 jobs as it faces “a different economic reality”, it said in a memo, doubling down artificial intelligence (AI) and removing staff who support experimental projects. The job cuts affect 6% of its workforce and follow thousands of layoffs at tech giants … Read more

Google, Amazon, Microsoft, Meta, Twitter severance pay comparison

Google, Amazon, Microsoft, Meta, Twitter severance pay comparison

Google’s headquarters are seen in Mountain View, California, U.S., September 26, 2022. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images) Anadolu Agency | Anadolu Agency | Getty Images Tech companies have laid off tens of thousands of workers in recent months as the industry grapples with reduced risk appetite from investors and rising borrowing costs. … Read more

Genesis Crypto Lending Unit Files For Bankruptcy In The US

Genesis Crypto Lending Unit Files For Bankruptcy In The US

Jan 20 (Reuters) – The loan unit of crypto firm Genesis filed for bankruptcy protection in the United States on Thursday, owing its creditors at least $3.4 billion, after being knocked down by a rout market with companies like FTX exchange and lender BlockFi. Genesis Global Capital, one of the biggest crypto lenders, froze client … Read more

Google cuts 12,000 jobs and layoffs spread across tech sector

Google cuts 12,000 jobs and layoffs spread across tech sector

LONDON (AP) — Google is laying off 12,000 workers, about 6% of its workforce, becoming the latest tech company to cut staff as the economic boom the industry has experienced during the COVID-19 pandemic wanes. . Google CEO Sundar Pichai, who also heads its parent company Alphabet, told staff at the Silicon Valley giant on … Read more

Indonesia: warning about the trend of viral videos to “dragon’s breath”

Indonesia: warning about the trend of viral videos to “dragon’s breath”

CNN — Indonesia warns people against consuming liquid nitrogen after more than 20 children were injured eating a street snack known as ‘dragon’s breath’ which is at the center of a new video trend dangerous virus. Children have suffered burns to their skin, severe stomach pains and food poisoning after consuming the colorful candies, according … Read more