jobs - CybAI news

27 Sep

The Power Struggle That Imploded Megan Ellison’s Video Game Unit

stp2y0 CommentsRAG modelsbusiness, entertainment, Executives, jobs, Larry Ellison, Las Vegas, media, screentime, Technology, Video Games, Women

In February, Nathan Gary, the longtime leader of the indie video-game publisher Annapurna Interactive, was in Las Vegas for the annual DICE convention, schmoozing with old colleagues and catching up on the latest developments in gaming. One evening at dinner, Geoff Keighley, a video-game industry personality, approached Gary with an unsettling bit of news. According to people familiar with the conversation, Keighley related that he’d just seen Gary’s boss Megan Ellison — the 38-year-old owner of Annapurna and daughter of billionaire Oracle Corp. Co-Founder Larry Ellison — eating elsewhere in the same restaurant with one of Gary’s former colleagues, a…

16 Aug

Amazon’s Payment Delay Warning Stirs Panic Among Flex Drivers

stp2y0 CommentsRAG modelsAMAZON.COM INC, Americas, Consumer Discretionary, Industrials, jobs, LYFT INC-A, Mobile Phones, smartphone, social media, Technology, UBER TECHNOLOGIES INC

Amazon.com Inc. warned Flex drivers who deliver packages in their own vehicles that payments they were supposed to receive Thursday “may be delayed,” according to correspondence reviewed by Bloomberg, stirring panic among drivers who are used to prompt payment after completing a route.The Amazon message doesn’t explain the problem or say when it could be resolved, adding to the concerns. Source link lol

16 Aug

Ubisoft Entertainment Cuts 45 People From Its US Staff

stp2y0 CommentsRAG modelscareer, Culture, europe, France, jobs, North Carolina, san francisco, Technology, Tom Clancy, UBISOFT ENTERTAINMENT, Video Games, work-shift

Ubisoft Entertainment SA, maker of video games like Assassin’s Creed, cut 45 jobs this week at its offices in San Francisco and Cary, North Carolina, as the industry continues a period of retrenchment.In a statement, a Ubisoft spokesperson said the “difficult yet necessary decision was made to align these studios’ organizations with their future business and development objectives.” Affected employees will receive severance and career assistance. Source link lol

16 Aug

Texas Instruments Wins $4.6 Billion in Chips Act Grants, Loans

stp2y0 CommentsRAG modelsAsia, construction, INTEL CORP, jobs, policy, science, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Texas, TEXAS INSTRUMENTS INC, Utah

Texas Instruments Inc. is set to receive $1.6 billion in Chips Act grants and $3 billion in loans, the Biden administration announced Friday, marking the latest major award from a program designed to boost American semiconductor manufacturing. The funding will help pay for one factory in Utah and two in Texas — projects that will cost about $18 billion through 2029 — the Commerce Department said in a statement. The effort is expected to generate around 2,000 manufacturing jobs and thousands more in construction. Source link lol

16 Aug

Taiwan Turns Less Upbeat on Exports in Lowering Economic Outlook

stp2y0 CommentsRAG modelsartificial intelligence, Consumer Spending, Economic Growth, Exports, GDP, Government, jobs, taiwan, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Wealth

Taiwan revised down its estimate for economic growth in 2024 after three straight upgrades, projecting a smaller increase in exports but remaining optimistic about overseas demand for artificial intelligence-related products.Gross domestic product is set to expand 3.9% this year, down from a previous estimate of 3.94% by the statistics bureau in May, according to a statement on Friday. In the first projection of next year’s growth, it said GDP will grow 3.26%. Source link lol

15 Aug

Autodesk Executives Ignored Accounting Risks, Documents Show

stp2y0 CommentsRAG modelsAUTODESK INC, Cash Flow, Debbie Clifford, engineering, Executives, jobs, Software Company, STARBOARD VALUE LP, Steve Blum, Technology, US Securities and Exchange Commission

Autodesk Inc. continued to use a controversial sales strategy after promising investors it would stop and ignored internal warnings about the risks of doing so, according to previously unreported internal documents.The yearslong strategy involved offering discounts to certain corporate customers willing to pay up front for large multiyear contracts. In an effort to provide more predictable cash flow and wean itself off of the discounts, the engineering software company in 2021 pledged to halt the practice. Source link lol

15 Aug

Cisco Gives Upbeat Sales Forecast Even as It Cuts Jobs

stp2y0 CommentsRAG modelsartificial intelligence, Chuck Robbins, CISCO SYSTEMS INC, cybersecurity, investing, jobs, new york, R Scott Herren, software, Technology, UPBEAT

Cisco Systems Inc., the biggest maker of computer networking equipment, gave a bullish revenue forecast for the current period thanks to a rebound in orders, but announced plans to cut thousands of jobs as part of a strategy shift. Sales will be $13.65 billion to $13.85 billion in the fiscal first quarter, which ends in October, the company said in a statementBloomberg Terminal Wednesday. Analysts had estimated a number at the very low end of that range. Source link lol

13 Aug

Intel, Pinched by Losses, Sells Stake in Chip Designer Arm

stp2y0 CommentsRAG modelsEarnings, Government, INTEL CORP, IPOs, japan, jobs, Markets, regulation, SOFTBANK GROUP CORP, Technology, Utilities

Intel Corp., which is slashing jobs and expenses in a bid to turn around the business, sold its holdings in chip technology creator Arm Holdings Plc during the second quarter. The company reported in a regulatory filing Tuesday that it no longer owns the 1.18 million shares it held three months earlier. Based on the average price of Arm’s stock during that period — $124.34 — the sale would have raised about $147 million for Intel. Source link lol

09 Aug

Intel Scraps Innovation Expo as Cash-Strapped Company Makes Cuts

stp2y0 CommentsRAG modelsAmericas, artificial intelligence, california, Earnings, infrastructure, INTEL CORP, jobs, Pat Gelsinger, San Jose, Technology, Utilities

Intel Corp., which is cutting jobs and costs to preserve its shrinking cash pile, postponed an Innovation event that had been scheduled for next month in San Jose, California. The chipmaker plans to focus on other gatherings, such as webinars, hackathons and the Intel AI Summit, in lieu of the Innovation conference, the company said Friday in an emailed statement. Source link lol

09 Aug

Cisco to Cut Thousands of Jobs in New Layoff Round, Reuters Says

stp2y0 CommentsRAG modelsartificial intelligence, CISCO SYSTEMS INC, cybersecurity, future of work, infrastructure, jobs, new york, Technology, United States, Utilities

Cisco Systems Inc. plans to cut thousands more jobsBloomberg Terminal in a second round of layoffs this year, Reuters reported, as the networking equipment maker shifts its focus to faster-growing businesses such as cybersecurity and artificial intelligence.The news comes on top of the approximately 4,000 jobs the company announced in February that it would eliminate, after a slowdown in corporate tech spending wiped out its sales growth. Source link lol