Money

‘Sharpen focus’ – Alphabet to cut 12,000 jobs

Published

2 years ago

January 23, 2023

ticker NEWS

Google’s parent company, Alphabet, is cutting around 12,000 jobs

The company is set to be focusing its energies on artificial intelligence, and axing staff who support experimental projects.

“It is time to sharpen our focus, reengineer our cost base and direct our talent and capital to our highest priorities,” Alphabet boss Sundar Pichai said in an email to staff.

The job cuts could save Alphabet around $2.5-3 billion in costs.

The cuts follows similar moves announced by Microsoft and Amazon last week.

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.