The company's decision to let go of a few hundred employees is not part of a wide-scale layoff and will retain a significant majority of the team for hiring critical roles. Alphabet is the first 'Big Tech' company to lay off employees this quarter, after peers like Meta, Microsoft and Amazon downsized aggressively earlier in 2023 as a weak economy put an end to their pandemic-led hiring sprees. Layoffs in the U.S. rose more than threefold in August from July and nearly fourfold compared with a year ago, according to a report by employment firm Challenger, Gray & Christmas.
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingVictoria Wells: The Great Resignation — and the rage applying that followed in its wake — might now be well and truly overBritain's labour market has been cooling in recent months, with rising unemployment, less hiring and fewer job vacancies - but wage growth has shown much less sign of following suit.
A bill that would provide unemployment insurance to striking workers in California passed the state Assembly on Monday and now is headed to the Senate Labor Committee and then to the Senate floor. If passed there, Senate Bill 799 would go to Gov. Gavin Newsom for his signature. A similar bill passed the Assembly in 2019 …Had she accepted it, Kevin Costner's offer would have provided his soon-to-be ex-wife with an additional $11,791 a month in child support.COQUITLAM, B.C.
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Stock market today: Asian shares trade mixed after Big Tech rally on Wall StreetTOKYO (AP) — Asian shares were trading mixed Tuesday following a Big Tech rally on Wall Street, as investors awaited an update on U.S. consumer prices set for later in the week. Japan's benchmark Nikkei 225 surged 1.0% to 32,776.37. Australia's S&P/ASX 200 added 0.2% to 7,206.90. South Korea's Kospi shed 0.8% to 2,536.80. Hong Kong's Hang Seng dropped 0.2% to 18,056.17, while the Shanghai Composite fell nearly 0.2% to 3,137.73. The Federal Reserve is weighing whether to keep raising interest rat
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Book Review: Novelist and blogger Cory Doctorow pens a manual for destroying Big TechAs a leading blogger in the pre-Substack era, novelist and public-interest technologist Cory Doctorow often warned that Big Tech was rendering of cyberspace a polluted, dystopian, crassly commercial and often hostile world of limited options. Now it's happened. Facebook, Instagram and other walled fiefdoms of surveillance capitalism distract discourse with scrolls of targeted ads and trending video reels. More genteel competitors were long ago muscled out. Hateful trolls, violent speech and addi
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Google antitrust trial could lead to major changes for Big TechThe Department of Justice looks to back its claims that Google (GOOG, GOOGL) holds a monopoly in the search engine space.Yahoo Finance’s Brad Smith and Julie Hyman speak with Bill Baer, Former Assistant Attorney General of the Antitrust Division, who addresses how the outcome of this case could impact the future of internet platforms.“The implications really are huge,” Baer says, pointing out Google could face significant restrictions or be forced to divest certain business segments if the judge finds evidence of monopolization to be true.Referencing a similar suit aimed at Microsoft (MSFT) over 20 years ago, Baer believes Google could become “much more antitrust-sensitive” as the government prepares “backward-looking” and “forward-looking” arguments.
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Amazon, Alphabet, Microsoft, Meta Probed by Lawmakers on Use of AI ‘Ghost’ StaffDemocratic lawmakers are pressing the top tech firms to open up about the conditions of their “ghost work” — unseen laborers like those labeling data and rating responses who have become pivotal to the artificial intelligence boom.
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AI forum possibly missing many important voicesSenate Majority Leader Chuck Schumer (D-NY) is holding the first of a series of closed-door AI Insight forums with the biggest names in tech. Appian Founder and CEO Matt Calkins joins Yahoo Finance's Rachelle Akuffo to weigh in on the need for inclusivity in the conversation surrounding AI.“This is not the right group”, states Calkins, who fears that the interests and viewpoints reflected at the forum will not include consumers and other smaller players in the field of tech. “AI is not necessarily a big company’s game”, insists Calkins.Calkins also shows concern over Senator Schumer’s blueprint for an AI Bill of Rights, fearing an “anti-proliferation” system that would really only benefit Big Tech. “What we really need is wide open innovation” and the only way to do that is by expanding the conversation, Calkins explains.
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Asia Futures Mixed After Tech Stocks Lead US Rally: Markets WrapAsian stocks look set for a mixed opening, after Wall Street rose ahead of key US data that’s expected to show how close the Federal Reserve is from ending its rate hikes.
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