Innovation

Amazon Rakes in Massive Profits in First Quarter, Months After Cutting 27,000 Jobs
April 28, 2023
Amazon returned to profit and recorded better than expected profit of $3.2 billion for the first quarter. This return to profits came after reporting a loss of $3.8 billion...
Microsoft and Google’s Quarterly Revenue Surges After Cutting Thousands of Jobs Citing Poor Outlook
April 26, 2023
Tech giants Alphabet and Microsoft reported higher than expected quarterly revenues and the companies' shares rose more than 5 and 9 percent respectively on Tuesday.Alphabet, Google and YouTube parent...
Disney Lays Off 7,000 Staff Despite First Quarter Revenue Beating Estimates; Shares Rise
February 9, 2023
Walt Disney Co said on Wednesday it would lay off 7,000 employees as it tries to trim costs amid souring economic conditions. The job cuts, announced by CEO Bob...