LinkedIn Lays Off 3% of Staff
Microsoft has cut more than 10,000 jobs across its divisions this year in an effort to reduce costs.
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U.S. Plans More Restrictions on China’s Access to Advanced Chips
The move is part of the U.S. government's efforts to further limit China's access to critical technology amid rising geopolitical tensions between the two superpowers.
Meta Details Efforts to Remove War-Related Disinformation
The company says it has set up a "special operations center" to monitor its platforms for content related to the conflict that violates its policies.
Lütke Confidant Takes Top Shopify PR Role
Alexandra Clark has returned to Shopify as VP of communications and public affairs.
Dimon Warns of Global Danger; JPMorgan’s Quarterly Profit Surges
Citi and Wells Fargo also posted higher third-quarter profits.
Microsoft Closes $69 Billion Activision Acquisition
The deal is Microsoft’s largest acquisition ever.
China’s Didi Global Plots Hong Kong Listing in 2024
The ride-hailing giant last year delisted its shares in the U.S. after it ran afoul of Chinese regulators and became a major target of Beijing's crackdown.
Qualcomm to Lay Off More Than 1,200 Employees
The cuts represent about 2.5% of the company workforce, according to the company’s latest annual report.
Flexport to Lay Off 20% of Staff, CEO Says
The cuts come five weeks after Petersen abruptly ousted former CEO Dave Clark amid a collapse in the freight market.
Caroline Ellison Testifies SBF Persuaded Her Not to Resign
Ellison said that she ultimately did not resign as CEO before Alameda collapsed because she trusted Bankman-Fried.
Atlassian to Buy Loom for $975 Million, a 36% Discount to Last Valuation
Andreessen Horowitz, Kleiner Perkins, and Sequoia participated in a $130 million funding round in 2021 that valued Loom at $1.53 billion.
European Commission Opens Probe Into X over Content Moderation
The investigation comes as X has slashed its capabilities for responding to misinformation in recent weeks and months.
Sequoia China Plans Global Push Following Split With U.S. Arm
HongShan is led by star dealmaker Neil Shen. The firm raised $9 billion in new funds last year.
Netflix Co-CEO Ted Sarandos Acknowledges Ad Challenges, Talks Actors’ Strike
Sarandos said the streaming service's ad tier is "not at the scale we want it to be yet," which is why it installed a company veteran to head up the unit.
Olaplex CEO Steps Down Amid Slumping Share Price and Consumer Backlash
The hair care brand went public in 2021 in a $1.5 billion IPO.
Ellison Created Seven Different Alameda Balance Sheets at SBF’s Direction
Bankman-Fried sent crypto lender Genesis a balance sheet that hid billions of customer funds taken from FTX.
DeepMind Cut 20% of Its Expenses Before Merging with Google
The former Alphabet unit also turned a $123 million operating profit.
Microsoft Contests IRS’ Claim It Owes $29 Billion in Unpaid Taxes
Microsoft and the IRS have sparred in recent years, dating back to an IRS probe beginning in 2012.
Goldman Sachs Strikes Deal to Sell Greensky, Details Earnings Hit
Move is part of the Wall Street bank’s unwinding of its consumer banking strategy .
J.P. Morgan Facilitates Its First Blockchain-Based Settlement Trade
The trade is the latest advancement by a big bank into commercial blockchain services.
Weekday mornings
The Information AM by The Information Staff
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