Tencent-backed Riot Games Lays Off 11% of Staff Amid Industry Slowdown
The layoffs add to the thousands of game developers who have already lost their jobs due to showing demand for games from pandemic highs.
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Alphabet ‘X’ Moonshot Unit Cuts Dozens of Staff, Courts Outside Funding
It’s the latest part of Alphabet to embark on cost-cutting measures this month.
Top Verizon Content Executive to Depart Company
Erin McPherson led Verizon's streaming deals for Disney+ and the Netflix and Max bundle. Verizon is bringing those functions into its wireless/consumer group.
Foundry Ventures Says It Won’t Raise a New Fund
The early-stage firm has backed tech and software companies for nearly two decades.
Nvidia CEO Jensen Huang Makes First Tour to China in Four Years
Huang visited staff and didn’t meet with government officials
Some Apple Vision Pro Deliveries Pushed to April, Demand Still Unclear
Some consumers see preorder shipments delayed to April, though demand remains unclear as supplies are tight because of manufacturing bottlenecks.
Microsoft Says Russian Hackers Breached Senior Execs’ Emails
The hack is the latest security black eye for Microsoft, the world’s largest security software seller and one of the top targets of hackers worldwide.
Mass Layoffs Put Future of Sports Illustrated in Jeopardy
Arena Group, which operates Sports Illustrated's media business, is laying off more than 100 staffers after its license to publish SI was revoked.
Altman Plots Factory Network for Chip Ambitions
OpenAI CEO Sam Altman’s plans to establish a global network of factories to manufacture semiconductors.
Wayfair Cuts 19% Of Corporate Employees
The online furniture seller also reportedly cut jobs at the end of 2023.
Amazon Web Services Names New CFO
The leadership change comes at a challenging time for the no. 1 cloud provider.
EU Plans to Block Amazon’s iRobot Acquisition
iRobot shares plummeted 40% to $14.30 during after hours trading, far below Amazon’s proposed acquisition price of $51.75 per share.
Amazon Lays Off 5% of Buy With Prime Staffers
Buy With Prime lets merchants offer an Amazon checkout option and Prime shipping on their own websites.
Meta Plans to Build Artificial General Intelligence, Zuckerberg Says
Meta is training Llama 3, which will have code-generating capabilities and focus on more advanced reasoning and planning abilities, CEO Mark Zuckerberg said in an interview.
Reddit Plans to Go Public by End of March
The social media company would make its IPO filing public by the end of February, giving investors the clearest look at Reddit's business in its 19-year history.
Peltz Says Disney Streaming Should Target Netflix-Like Profit Margins
Peltz escalated his criticism of Disney as part of his campaign for seats on the entertainment company's board.
Justice Department Could Sue Apple Over Antitrust by March
The lawsuit would be the culmination of a five-year investigation into whether Apple has unfairly shut out software and hardware competitors.
Ex-Meta COO Sheryl Sandberg to Leave Meta’s Board
Sandberg will not stand for reelection at Meta's annual meeting in May and then will become an adviser to the company, she said in a post on Facebook.
Amazon Looks to Launch for Paid Version of Alexa
The testing has hit snags, including Alexa giving inaccurate or unnecessarily long responses, according to Business Insider.
YouTube Lays Off 100 on Creator, Partner Support Team
The cuts come one day after YouTube’s owner Google laid off hundreds of people in its ad sales organization.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy