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.
Over 100 leading tech companies, including OpenAI, Google, Microsoft, and cybersecurity firms like Crowdstrike, have signed an open letter calling for joint efforts between private and public sectors to combat increasing AI-enabled cyber threats. The...
Dan Ives highlighted six AI stocks—Microsoft, Alphabet, Amazon, Palantir, CrowdStrike, and NVIDIA—as leaders in the next AI growth phase during a CNBC broadcast. All these stocks were already held in his Dan Ives Wedbush AI Revolution ETF, but this w...
Nvidia is enhancing its hardware support for Chinese AI models like DeepSeek and Alibaba's Qwen to stay competitive against domestic chipmakers and maintain its lead in AI infrastructure. This move comes as US lawmakers grow concerned about the risin...
Apple posted its best June quarter ever with strong iPhone 17 sales and $109.42 billion revenue, but faces supply constraints and one-time tariff benefits. Microsoft reported $90.01 billion revenue with Azure growing 43% and a massive $678 billion co...
Palo Alto Networks CEO Nikesh Arora predicts a collapse in most AI cloud companies once GPU scarcity ends but identifies Nebius as a rare 'neoscaler' with durable advantages. Nebius boasts $575 million in AI cloud revenue, a 50% adjusted EBITDA margi...
