Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. San Francisco, California-based Dropbox is the latest tech company to tap AI as Big Tech players from Microsoft to Facebook-parent Meta Platforms battle for a … Read more
Microsoft will not raise salaries for full-time employees this year and is reducing budget for bonuses and stock awards, Insider reported on Wednesday, citing an internal email by CEO Satya Nadella. The tech giant did not immediately respond to a Reuters request for comment. “Last year, we made a significant investment in compensation driven by … Read more
Nearly all of OpenAI’s employees have threatened to quit and follow ousted leader Sam Altman to work at the company’s biggest investor, Microsoft, unless the current board resigns, leaving the future of the high-profile artificial intelligence startup increasingly uncertain. More than 700 of the AI firm’s roughly 770 employees signed a letter on Monday addressed … Read more
Microsoft will let go of 1,900 employees at Activision Blizzard and Xbox this week, it said on Thursday, the latest cuts in the technology sector that has extended massive layoffs over the past years into 2024. The cuts represent about 8 percent of the overall Microsoft Gaming division and will mostly happen at Activision Blizzard. … Read more
The European Securities and Markets Authority (ESMA) is looking to finalise some competence requirements for employees of crypto-related businesses. This week, the ESMA released a proposal that suggests guidelines in line with the EU’s MiCA regulations, seeking feedback from crypto asset service providers, investors, and financial institutions engaging with crypto assets. As part of its … Read more
Intel is working on ramping up its support for handheld gaming consoles, as demand for these compact PCs continues to increase. The chipmaker faces competition from AMD, which makes the Z1 and Z1 Extreme chips that power the Lenovo Legion Go and Asus ROG Ally X. However, the company has taken several steps to support … Read more
Meta Platforms Inc. is cutting roughly five percent of its staff through performance-based terminations and plans to hire new people to fill their roles this year, according to an internal memo sent to all employees. As of September, Meta employed about 72,000 people, so a five percent reduction could affect roughly 3,600 jobs. “I’ve decided … Read more