Companies

Entire Microsoft VR team among laid off 10,000 staff

Microsoft's 10,000-person layoff may put a halt to the company's HoloLens and headset-based projects, with entire teams working on mixed reality and virtual reality...

Google layoffs 12,000 workers 

Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to cut staff as the industry's economic...

Elliott Management buys multibillion-dollar stake in Salesforce

According to people familiar with the matter, activist investor Elliott Management Corp. has made a multibillion-dollar investment in Salesforce Inc., the world's largest software-as-a-service...

Canadian digital forensics specialist taken private, to merge with US partner

With public share values of North American tech companies dropping and management laying off staff, a Canadian maker of digital investigation solutions for police has found a savior: Being bought by a private equity firm. Magnet Forensics of Waterloo, Ont. said this afternoon it has struck a deal to be bought by American-based Thoma Bravo

Capital One announces plans to lay off 1,100

Capital One, a financial services company recently announced plans to eliminate 1,100 technology positions as part of a larger cost-cutting and operational-simplification effort. The company...

New FTX CEO plans to revive bankrupt FTX

The bankrupt cryptocurrency exchange FTX is considering resuming operations, according to Chief Executive Officer John Ray. Mr. Ray stated in his first interview since taking...

Netflix co-founder Reed Hastings steps down as CEO

Reed Hastings, co-founder and CEO of Netflix, announced his retirement after more than two decades with the company. In a blog post published by the...

Amazon encrypts S3 data

Amazon has made encryption the default setting for all of its Simple Storage Service (S3) is a cloud storage service provided by Amazon Web...

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