LinkedIn announced it will lay off 606 employees across several offices, effective July 13, as part of a strategic shift to focus on high-priority projects and improve return on investment. The largest cuts will occur in Mountain View, California, with additional layoffs in San Francisco, Sunnyvale, and Carpinteria. These layoffs follow a memo from new CEO Daniel Shapero emphasizing the need to prioritize investments and scale back in areas like marketing and office space. There may be further reductions, as reports suggest LinkedIn plans to cut 5% of its 17,500 workforce. This comes shortly after LinkedIn reported 12% revenue growth and Shapero's recent promotion to CEO. Meanwhile, parent company Microsoft is also offering buyouts to reduce its workforce without mass layoffs.
In Q2 2026, top contributors to growth included Taiwan Semiconductor Manufacturing, Alphabet, United Rentals, Apple, and Visa. Alphabet’s Google Search and Cloud segments showed robust revenue growth of 19% and 63%, respectively, boosting operating i...
Microsoft is instructing its sales team to highlight the efficiency and cost advantages of its own AI models compared to competitors like OpenAI, Google, and Anthropic. This shift comes as Microsoft replaces some third-party AI models in apps like Wo...
The SPDR NYSE Technology ETF (XNTK) has significantly outperformed the Invesco QQQ Trust (QQQ) over the past year, returning 51.65% compared to QQQ's 28.43%. XNTK uses an equal-weight approach focusing solely on about 35 tech leaders, capturing broad...
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Microsoft fixed a major security vulnerability in the remastered Age of Empires II that could let hackers take control of a victim's computer by sending a malicious game invite. The flaw, discovered with AI assistance, allowed remote code execution i...
