earnings
Micron is cutting spending on memory chip fabrication by 50% in 2023 and slashing 10% of its workforce, or some 5,000 jobs, with the semiconductor firm’s CEO Sanjay Mehrotra warning the memory market is facing “the most severe imbalance between supply and demand in both DRAM and NAND
Cisco takes a $600m hit on layoffs, restructuring
Rising energy costs will sting Microsoft for $800 million this financial year according to the firm, as it saw slightly slower growth of its Azure cloud business in its Q1 results. In its earnings call CFO Amy Hood noted Microsoft's energy costs will escalate throughout the year, saying
Goldman Sachs wants to be a fintech, consolidates firm-wide tech offerings...
CEO Brian Moynihan: "Our technology spending will go up 15% this year"
