In the past few weeks, a number of high-profile US tech companies have announced layoffs. Meta is laying off 11,000 workers and Amazon 10,000. The ongoing purge at Twitter could see its employee base of 7,500 shrink by about 75%. About 42,000 workers in US tech companies lost their jobs in November alone, according to … Read more
The plunge in startup valuations could last years, say VCs at the firm Redpoint Ventures. The situation is similar to the dot-com bust after the 1999’s tech boom, they say. But one big difference from two decades ago is the record piles of cash VCs are sitting on now. Venture capitalists were partying like it … Read more
Doing business together under a networked ecosystem is key: SAP global CEO, Christian Klein. SAP’s new vision is to build the world’s largest business community, enabling customers to easily connect with companies across supply chains to create networked economies around industries, said its global CEO, Christian Klein. “During this unprecedented year, the importance of the … Read more
Major chip manufacturer Qualcomm introduced an updated laptop processor, the Snapdragon 7c Gen2. Designed to power entry-level laptops, it will yield better performance and battery life. Although it’s not challenging Apple yet, Qualcomm is helping improve both PC hardware and software. See more stories on Insider’s business page. On Monday, major chip manufacturer Qualcomm introduced … Read more
The company, which automates mundane office tasks with robotic software, filed Securities Exchange Commission paperwork on Friday to sell stock on the New York Stock Exchange under the ticker symbol PATH. More than three-dozen investors – including Accel Partners, CapitalG (formerly Google Capital), Sequoia Capital, and Kleiner Perkins – have put nearly $2 billion into … Read more
Investors have shifted into cyclical assets lately as COVID-19 vaccines are on the way and the economy gets set to recover. But Morgan Stanley’s Mike Wilson is warning that valuations are getting too high, and that a near-term pullback may in the cards. He laid out four strategies to still find returns in cyclicals. Visit … Read more
The popular momentum trade that involves buying market winners and selling losers suffered its largest one-day outflow in over three decades last week Monday. This dramatic shift marked a departure from stocks geared towards working from home, and reflected investors’ excitement about an effective vaccine. But Peter Tchir, the head of macro strategy at Academy … Read more
Reliance Industries, India’s most valuable company, will hold its first online AGM on Wednesday and it promises to be a much bigger affair with a brand-new virtual platform that can log more than 1 lakh shareholders from 500 locations simultaneously. Reliance had so far held all in its annual general meeting (AGM) physically with shareholders … Read more
In what could be a big thing for mobile processors, Qualcomm today announced the Snapdragon 865+ chipset. While the chipset doesn’t make big changes to existing technologies, it is the first time a mobile chipset is capable of over 3GHz frequencies. It’s important advertisement for Advanced RISC Machine (ARM), which creates the architectures for almost … Read more