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Social media site with 1.3 billion users sends harsh layoffs message
TheStreet83d agobearish
Social media site with 1.3 billion users sends harsh layoffs message

LinkedIn built its business around helping people find jobs, grow their careers, and connect with employers. Now, the Microsoft-owned professional networking platform is delivering difficult news to some of its own workers. This comes within weeks of Microsoft’s voluntary buyouts for its ...

AI Causes Another 4,000 Layoffs
24/7 Wall St.84d agobearish
AI Causes Another 4,000 Layoffs

Cisco (NASDAQ: CSCO), one of the older big tech companies in America, said in its earnings announcement that it would cut 4,000 jobs as it moves its businesses toward AI. Cisco calls itself “The critical infrastructure for the AI era.” That is a way to drive a stock up without really saying much. Cisco’s results ... AI Causes Another 4,000 Layoffs

Exclusive-LinkedIn planning to lay off 5% of staff in latest tech-sector cuts, source says
Reuters85d agobearish
Exclusive-LinkedIn planning to lay off 5% of staff in latest tech-sector cuts, source says

LinkedIn planned to inform staff of layoffs on Wednesday, two people familiar with ‌the matter told Reuters, in a widening of technology sector ‌cuts this year. LinkedIn employs more than 17,500 full-time workers globally, its website says. The cuts come as ⁠revenue at LinkedIn, which sells recruiting tools and subscriptions, rose 12% in the just-ended quarter from a year ⁠prior, in an acceleration of growth in 2026, according to Microsoft's securities filings.

Bloomberg86d agobearish
Amazon Kicks Off Debut Swiss Franc Bond Sale in Record Six Parts

(Bloomberg) -- Amazon.com Inc. has begun the sale of its first Swiss franc bonds as it looks to raise a record six-part deal in the currency.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyEpstein's Black Card: How He Moved Women With His AmexTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’The company is selling debt due in three, six, nine, 12, 18 and 25-years, according to a person f

Bloomberg87d agobearish
Amazon Prepares to Issue Its First Swiss Franc Bond in AI Push

(Bloomberg) -- Amazon.com, Inc. is preparing to issue Swiss franc bonds for the first time, as Big Tech hyperscalers turn to new debt markets to fund artificial intelligence spending.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysTrump Rejects New Iran Peace Offer as ‘Totally Unacceptable’Inside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyDrone Hits Ship Near Qatar as US Awaits Iran Peace Plan ResponseJudge to Review Musk, SEC Settlement Deal in

Nvidia Is Facing More Competition and It’s Spooking Investors
Bloomberg92d agobearish
Nvidia Is Facing More Competition and It’s Spooking Investors

(Bloomberg) -- This earnings season has delivered plenty of good news for the artificial intelligence trade, but instead of bidding up Nvidia Corp. shares, investors have been dumping them.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksTrump Pauses Plan to Guide Ships While Seeking Iran DealWhite House Weighs AI Working Group, Model Testi

eToro CEO talks Coinbase layoffs & AI's labor force impact
Yahoo Finance Video92d agobearishVIDEO
eToro CEO talks Coinbase layoffs & AI's labor force impact

Leaders in finance, technology, and politics are gathered at the Milken Institute Global Conference this week to discuss the most pressing social and economic challenges. eToro (ETOR) co-founder and CEO Yoni Assia sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss the impact of artificial intelligence (AI) on the labor force.

eToro CEO talks Coinbase layoffs & AI's labor force impact
Yahoo Finance Video92d agobearishVIDEO
eToro CEO talks Coinbase layoffs & AI's labor force impact

Leaders in finance, technology, and politics are gathered at the Milken Institute Global Conference this week to discuss the most pressing social and economic challenges. eToro (ETOR) co-founder and CEO Yoni Assia sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss the impact of artificial intelligence (AI) on the labor force.

S&P 500 Faces Oil-Fueled Sell-off Pressure in Possible Return to Merger Monday Deal
24/7 Wall St.94d agobearish
S&P 500 Faces Oil-Fueled Sell-off Pressure in Possible Return to Merger Monday Deal

The S&P 500 (^GSPC) opened the week lower as oil prices spiked on renewed Iran tensions, with index futures slipping 0.1% after conflicting reports about a U.S. warship near the Strait of Hormuz. WTI crude futures jumped 3% to trade above $105 per barrel, and Brent climbed 3% to above $111, pulling capital into energy names. Futures recovered once ... S&P 500 Faces Oil-Fueled Sell-off Pressure in Possible Return to Merger Monday Deal