Latest in AMD will lay off nearly 1,000, or 4% of staff, as AI competition heats up
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AMD will lay off nearly 1,000, or 4% of staff, as AI competition heats up
AMD said today it will lay off 4% of its global staff, or perhaps somewhat less than 1,000 of its estimated 26,000-person workforce.Tech - VentureBeat - Yesterday -
AMD to lay off 4% of workforce, or about 1,000 employees
At the end of last year, AMD had 26,000 employees, according to a U.S. Securities and Exchange Commission filing.Business - CNBC - Yesterday -
Meta lays off staff at WhatsApp and Instagram to align with 'strategic goals'
Meta says it has laid off some employees, including staff at WhatsApp And Instagram, to realign its resources with its “strategic goals.”Tech - ABC News - October 17 -
23andMe Lays Off 40% of Staff, Shuts Drug Development Business
The genetics company is closing a unit that was once seen as core to its future.Business - The Wall Street Journal - 2 days ago -
Motion picture academy lays off staff at archive and library amid broader restructuring
The Academy of Motion Picture Arts and Sciences is restructuring its archive and library, cutting 16 staff members as part of a strategic effort to consolidate preservation efforts.Entertainment - Los Angeles Times - October 31 -
23andMe Lays Off 40 Percent of its Staff, Ends All Therapy Programs
As founder and CEO Anne Wojcicki struggles to take the company private, 200 jobs are cut as part of its restructuring plan.Business - Inc. - 2 days ago -
Google's cloud outpaces rivals in third quarter as AI battle heats up
One takeaway from tech earnings reports this week is that Google's cloud business is gaining momentum.Business - CNBC - November 2 -
AI search wars heat up: Genspark adds Claude-powered financial reports on demand
Distill Web gives users the ability to look up of 300,000-and-counting public companies and generate polished financial reports.Tech - VentureBeat - 1 hour ago -
Nissan to lay off thousands of workers as sales drop
The Japanese car making giant has not yet said where in its global operations the job cuts will be made.Top stories - BBC News - 6 days ago -
AMD’s AI punches are landing where it counts — against Nvidia
Not every AI customer wants or can afford Nvidia’s powerhouse Blackwell chip.Business - MarketWatch - October 19 -
Beyond AI, AMD and Intel earnings will hit on another important trend
Next week, as the technology sector earnings reporting season begins in full force, the results from two rival chip makers, Intel Corp. and Advanced Micro Devices Inc., will give investors data on ...Business - MarketWatch - October 26 -
AMD shares fall as forecast fails to impress despite strong AI growth
AMD shares are up about 20% so far in 2024, although rivals such as Nvidia and Broadcom have had much greater gains during the same period, driven by AI chips.Business - CNBC - October 30 -
AI helps organization send poorest households impacted by Helene and Milton $1,000
AI helps philanthropic organization GiveAway provide neediest families direct cash payments, fast.Top stories - CBS News - October 25 -
Some Storm Victims Seeing $1,000 Disaster Aid Through AI
The nonprofit GiveDirectly intends to send direct payments of $1,000 to households impacted by Hurricanes Helene and Milton.Business - Inc. - October 25 -
PBM reform push heats up
Click in for more news from The Hill {beacon} Health Care Health Care The Big Story PBM reform push heats up Congress is facing pressure from outside groups to consider legislation to reform ...Politics - The Hill - Yesterday -
Google's partnership with AI startup Anthropic faces a UK competition investigation
Britain’s competition watchdog is opening a formal investigation into Google’s partnership with artificial intelligence startup AnthropicTech - ABC News - October 24 -
Kraken Lays Off 15% of Workers and Names Arjun Sethi New Co-CEO
The influential cryptocurrency exchange has undergone several reorganizations in recent years.Business - The New York Times - October 30 -
Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio
Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.Business - CNBC - November 6 -
Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio
DETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.Top stories - NBC News - 6 days ago -
Enphase to lay off workers and end some operations in Mexico
Microinverter maker Enphase aims to “better align its workforce” with its business needs and will incur in up to $20 million in charges related to a restructuring.Business - MarketWatch - 5 days ago -
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Alitalia will lay off over 2,000 remaining employees as liquidation nears
Italy’s former national carrier Alitalia has started procedures for the collective dismissal of its remaining 2,059 employeesWorld - ABC News - 4 days ago -
DNA-testing site 23andMe to lay off 40% of its workers
The once-popular general DNA-testing firm holds a trove of sensitive genetic data from its customers.Top stories - BBC News - 2 days ago -
23andMe to lay off 40% of its workforce as stock price plummets
The genetic testing company 23andMe is cutting 40% of its workforce and ending its therapeutics program as its stock price continues to plummet. CBS News correspondent Carter Evans has more on what ...Top stories - CBS News - Yesterday -
Why mortgage rates are back up to nearly 7%
The average 30-year mortgage rate has surged over the course of October, returning to highs last seen in the summer.Business - MarketWatch - October 24 -
Surviving a shake-up: is restructuring ever good for staff?
As companies from Amazon to Citi overhaul management, experts warn of consequences beyond job cutsBusiness - Financial Times - 3 days ago -
AMD’s stock stands out from other AI names. What that may say about the market.
AMD’s stock is the only one of select AI names with a lower forward multiple now than its five-year average.Business - MarketWatch - October 21 -
As AMD starts shifting focus to next year, just how high can AI revenue go?
Bullish expectations for AMD’s AI revenue came down sharply over the course of this year. Some analysts say early estimates for 2025 are already too high.Business - MarketWatch - October 28 -
Our lone oil-and-gas stock strikes 2 smart deals — plus, AMD sharpens its AI focus
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.Business - CNBC - Yesterday -
AMD Ryzen AI 300 Series processor laptops can be 75% faster on games than Intel rivals
AMD has a new batch of AMD Ryzen AI 300 Series processors with integrated graphics and the company says its thin-and-light laptops are as much as 75% faster than Intel rivals. The thin-and-light ...Tech - VentureBeat - 6 hours ago -
Palo Alto shares helped by contract news, Abbott Labs braces for lawsuit ruling
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.Business - CNBC - October 31 -
Supreme Court docket heats up with election disputes
The Supreme Court is increasingly being pulled into the upcoming presidential contest. With a week to go until Election Day, the justices now have four election-related applications on their ...Politics - The Hill - October 30 -
Sabres Need New Forward To Heat Up Now
The Sabres need this forward to break through his cold start to the season.Sports - Yahoo Sports - November 5 -
Lions top Texans despite five Jared Goff INTs; Jets, Cowboys are cooked; CFP race heating up
Jake Bates made a 52-yard field goal as time expired to lift DetroitSports - CBS Sports - 3 days ago -
Draisaitl scores in OT, McDavid closes in on 1,000 career points in Oilers' 4-3 win over Islanders
Leon Draisaitl had two goals, including the overtime winner, and Connor McDavid had a goal and three assists to move one point shy of 1,000 for his career as the Edmonton Oilers beat the New York ...Sports - ABC News - Yesterday -
Tube strikes by RMT staff called off after talks
The RMT union calls off Tube strikes by its staff after pay talks with Transport for London.Top stories - BBC News - November 1 -
Carefree England shrug off defeats but lack of competition for batters is stark | Simon Burnton
What are the repercussions of failure in England’s Test team? For the batting lineup, the answer is not always clear. “‘It’s about mindset,” Brendon McCullum said, early on Saturday afternoon, ...World - The Guardian - October 27
