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AI SPENDING REDUCTIONS
Google voluntary buyouts: What's the exit package, which teams qualify and how many employees are eligible after Microsoft's similar offer?Google Voluntary Exit Programme Details: Google has expanded its voluntary buyout programme to selected employees in five countries. The of...- Apple cuts employee AI budgets in cost-control pushApple has reduced employee budgets for AI usage as part of a broader effort to rein in costs, even as it seeks to expand the use of AI acro...
- From enterprises to SMBs: How Flashfox AI plans to change the hiring gameGetWork’s AI hiring business, now spun off as Flashfox AI, is targeting 500 enterprise clients in the next 24 months as it expands into Sou...
- Silver prices jump over 4% to reclaim $51/oz as Democrats secure US midterm victory. What’s happening?Silver prices surged over 4% to reclaim the $51/oz mark after Democrats secured a victory in the US midterm elections, weakening the dollar...
- Asian companies to ramp up investments in US amid supply-chain shiftsCiti expects investments by South Korean, Japanese and Taiwanese companies in the US to rise as global supply chains shift. The bank also s...
- American companies brace for a pivot as US midterm elections get underwayUS midterms: Corporate America is anticipating a potential shifts in Washington's power dynamics. Analysts predict that a strong Democratic...
- Big tech share buybacks plunge 83% as AI spending hits cash flowsMajor US technology companies sharply reduced dividends and share buybacks as record AI infrastructure spending pushed their combined free ...
- Nasdaq Outlook: Is the worst over for AI-fuelled tech stocks?Wall Street’s AI-led rally faced a sharp setback as the Nasdaq recorded its biggest single-day fall since June. Heavy losses in technology ...
- Fintechs fortify cyber defences; Logistics cos in the speed laneHappy Monday! Fintechs are stepping up security as AI-powered cyberattacks become more sophisticated. This and more in today’s ETtech Morni...
- US weekly unemployment claims hover near 57-year lowsInitial unemployment claims in the United States have decreased slightly to 194,000 for the week ending October 24. Labour market condition...
- Amazon layoffs to 'improve efficiency': What they mean for employees & how they compare with job cuts at Microsoft, Netflix and Oracle across Big TechAmazon layoffs: Amazon has cut around 250 jobs in its devices and services division, primarily in software development, as it looks to stre...
- IT firms navigate peak pessimism by prioritising growth in stable Q2Analysts said that artificial intelligence (AI) is becoming a significant revenue driver for the majority of Indian IT companies. However, ...
- PayPal raises 2026 profit forecast as turnaround gains tractionPayPal has raised its annual profit forecast as a multi-year turnaround begins to take effect. The company anticipates achieving significan...
- What is the difference between buyout and layoff? Microsoft offers buyout to 60,000 employees; check what it means for workersMicrosoft buyout offer to 60,000 workers: Microsoft has introduced a Voluntary Exit Offer (VEO) for eligible employees in India, the US, Ca...
- Global Market: China, Hong Kong stocks slip as technology shares extend lossesChina and Hong Kong stocks edged lower as weakness in technology and AI-related shares outweighed faster industrial-profit growth and fresh...
- Meta to create non-voting shares to fund AI expansion, retain Zuckerberg’s controlMeta Platforms plans to introduce publicly traded non-voting Class C shares to fund AI investments, acquisitions and employee compensation ...
- AI efficiencies shield Q2 IT margins from transatlantic macro headwindsHCLTech’s margin rose 131 basis points quarter-on-quarter to 18.2%, Tech Mahindra’s increased 40 basis points to 14.8%, Wipro’s climbed 50 ...
- Infosys ADRs crash 6% after Q2 results as revenue guidance cut spooks investorsInfosys ADRs fell 6.3% after the company lowered FY27 revenue growth guidance to 1-2%, despite September-quarter revenue beating estimates....
- IMF, OECD warn AI could widen rich-poor country divideRecent conversations underscore the transformative possibilities of artificial intelligence in fostering global economic growth and improvi...
- IMF, OECD warn AI could widen rich-poor country divideArtificial intelligence holds the potential to significantly enhance global economic growth and productivity rates. However, poorer countri...
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