Tag: Costcutting measures
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Google Cuts Hundreds of Jobs, Fitbit Co-Founders Depart in Latest Tech Layoffs
Google's job cuts signal cost reduction in the tech industry. Layoffs impact various teams, including Fitbit's co-founders, reflecting a push for streamlined operations and financial sustainability.
Paytm Implements AI, Cuts Staff, and Plans to Hire 15,000 Salespeople, India
Paytm embraces AI, cuts jobs, and plans to hire 15k salespeople. Despite challenges, the Indian fintech company focuses on innovation and growth.
News Corp’s Q1 Revenue Hits $2.5B, Profits Rise Amid Cost Cuts & Content Deals
News Corp reports solid Q1 growth despite tough market conditions, with increased revenue and profitability. AI and premium content play key roles.
Google Cloud Struggles as Customers Cut Costs, Revenue Up 11%
Google Cloud faces challenges as customers cut costs, impacting profitability. Despite this, Alphabet remains optimistic about future growth opportunities.
SenseTime Struggles to Stem Losses, Faces Layoffs Again
SenseTime Group Inc. faces layoffs and financial challenges as it grapples with losses. Despite setbacks, the Chinese AI developer remains committed to advancing technologies and regaining stability.