Activists eyeing tech stocks ahead of expected M&A rebound after lull

Activists eyeing tech stocks ahead of expected M&A rebound after lull

Paul Singer speaking at the Delivering Alpha conference in New York on Sept. 13, 2016. David A. Grogan | CNBC Activist investors are circling the tech market. That’s because, after a two-year plunge in mergers and acquisitions across the industry, there are signs of life to start 2024, with expectations that many more deals are … Read more

Tech layoffs jump in January as Alphabet, Meta, Microsoft reach high

Tech layoffs jump in January as Alphabet, Meta, Microsoft reach high

Tech stocks on display at the Nasdaq.  Peter Kramer | CNBC The S&P 500 is trading at a record and the Nasdaq is at its highest in two years. Alphabet shares reached a new pinnacle on Thursday, as did Meta and Microsoft, which ran past $3 trillion in market cap. Don’t tell that to the … Read more

AI hiring frenzy to fuel layoffs in other tech segments this year

AI hiring frenzy to fuel layoffs in other tech segments this year

Stick figures image displayed on a laptop screen and a binary code displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on January 24, 2023. (Photo by Jakub Porzycki/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images As tech firms prioritize investments into artificial intelligence and go on … Read more

Google CEO says job cuts needed in 2024 to serve ‘ambitious goals’

Google CEO says job cuts needed in 2024 to serve ‘ambitious goals’

Sundar Pichai, CEO of Google and Alphabet, speaks on artificial intelligence during a Bruegel think tank conference in Brussels, Belgium, on Jan. 20, 2020. Yves Herman | Reuters Google CEO Sundar Pichai is warning employees that more job cuts are coming this year as the company continues to shift investments toward areas like artificial intelligence. … Read more

24 companies sign open letter saying Big Tech isn’t respecting EU DMA

24 companies sign open letter saying Big Tech isn’t respecting EU DMA

The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone with an EU flag shown in the background. Justin Tallis | AFP via Getty Images A raft of major technology and media companies have signed an open letter accusing tech giants of failing to bring their businesses into full compliance with … Read more

Amazon Microsoft, Meta accused of not respecting EU DMA laws

24 companies sign open letter saying Big Tech isn’t respecting EU DMA

The logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone with an EU flag shown in the background. Justin Tallis | AFP via Getty Images A raft of major technology and media companies have signed an open letter accusing tech giants of failing to bring their businesses into full compliance with … Read more

Google, Meta, other tech giants cut DEI programs in 2023

Google, Meta, other tech giants cut DEI programs in 2023

AnitaB.org CEO Brenda Wilkerson speaks on a panel with Dr. Jackie Bouvier Copeland at the 2019 Grace Hopper conference. Shortly after the murder of George Floyd at the hands of Minneapolis police in 2020, Google was among many tech companies that set up new programs aimed at supporting Black employees. The goal, CEO Sundar Pichai … Read more