Technology Companies Are Cutting Jobs and Wall Street Likes It

Tech giants are set to report quarterly earnings, starting on Tuesday with Alphabet and Microsoft. Wall Street is expecting good news, including more progress on artificial intelligence. Read More

Losses for Big Tech companies lead Wall Street lower

NEW YORK — Stocks on Wall Street closed lower Wednesday as a pullback in big technology companies outweighed gains elsewhere in the market. The Standard & Poor’s 500 fell 0.6%, weighed down by ... Read More

Microchip Technology to Cut Jobs, Sees Revenue Near Low End of Views

Microchip Technology MCHP 2.06 % increase; green up pointing triangle said it plans to cut its workforce following slower-than-expected turns orders and manufacturing restructuring plans. Read More

Stock market today: Microsoft, Meta and the burden of high expectations ...

NEW YORK (AP) — Wall Street is feeling the downside of high expectations on Thursday, as Microsoft and Meta Platforms help drag U.S. stock indexes lower despite delivering strong profits for the ... Read More

Weak profit reports from big tech companies send stocks tumbling on ...

The problem for Wall Street is that even if more stocks were to rise, they’ll need to do so by more than Big Tech stocks are falling because of how much influence that small group carries ... Read More

Walmart layoffs today: Memo blames technological changes - Fast Company

The Wall Street Journal first reported the retailer’s plans to cut jobs on Wednesday. Walmart stock (NYSE: WMT) was mostly flat in late-morning trading on Thursday. Shares have increased roughly ... Read More

Walmart Is Cutting 1,500 Jobs, Report Says - MSN

Walmart is about to undertake a massive staffing change. The company is planning to lay off 1,500 employees in its technology division, according to Bloomberg. Reuters obtained a memo documenting ... Read More

Marvell Technology slides as Wall Street weighs in on results, guidance

Marvell Technology (MRVL) was in focus on Friday after the specialty semiconductor company's first-quarter results and guidance showed its custom AI business is on track. Read for more. Read More

Inside the Rise of Open Source on Wall Street - Business Insider

Wall Street's embrace of open source could be coming at a good time. Global technology spending in banking ballooned to $650 billion in 2023 — roughly the GDP of Belgium or Sweden — an October ... Read More