Money

AI firm to cut 500+ jobs despite strong Q3

Published

2 years ago

November 7, 2023

The prominent AI company Informatica, which had recently boasted about its ‘strong’ third-quarter performance, is now set to lay off more than 500 employees.

Informatica, a cloud-based AI data company, put out a press release that quoted CEO Amit Walia touting “another strong step forward” for the company.

This abrupt decision has left both industry experts and employees puzzled, as the company had been riding high on its recent successes.

The company had been riding the wave of its third-quarter accomplishments, with executives publicly praising their impressive financial results and rapid expansion. However, the news of mass layoffs has cast a shadow over these previous celebrations, leaving many wondering about the true state of the company’s financial health and future prospects.

This unexpected move has raised numerous questions about the AI industry’s stability and the factors influencing such a dramatic decision. Is this an isolated incident, or could it be indicative of larger issues within the AI sector? What led to the sudden reversal in the company’s fortunes, and what impact will these layoffs have on the affected employees and the broader tech community?

It remains to be seen how this AI company will navigate the challenges ahead and whether it can regain its footing in the industry.

With the recent layoffs following closely on the heels of their strong Q3 performance, it’s evident that there’s more to this story than meets the eye.

Money

U.S. markets mixed as tech slumps and Fed moves spark uncertainty

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

Published

14 hours ago

February 6, 2026

Harvey Vargas

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.

Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.

We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.

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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights

Money

Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Published

14 hours ago

February 6, 2026

Harvey Vargas

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.

Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.

The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.

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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker

Money

S&P 500 dips as tech stocks struggle with AMD leading losses

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

Published

2 days ago

February 5, 2026

Harvey Vargas

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

The S&P 500 fell as technology stocks faced intense selling pressure, dragging the broader market lower. AMD shares were particularly hard hit, falling 17% after its first-quarter forecast disappointed analysts.

Software names including Oracle and CrowdStrike also struggled, although Microsoft found some stability amid the sell-off.

Investors are now focused on Alphabet, which is set to report earnings after the bell Wednesday.

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