Big Tech companies are taking a heavy beating this week, to the tune of more than $255 billion in lost market capitalization that’s helped make a bad year even worse for the once-beloved sector. The five tech giants that posted results this week have now lost a combined $3 trillion in market cap on the…
Google CEO Sundar Pichai reportedly grew agitated during a “heated” all-hands meeting in which an employee asked why the search engine was nickel-and-diming workers by taking away perks and benefits. One worker summoned the nerve to ask Pichai why Google was “nickel-and-diming employees” when the company reported “record profits and huge cash reserves,” according to audio…
Three electricians working at a Google data center in Iowa were “critically injured” after an electrical explosion occurred at 11:59 am local time Monday. The company issued a statement to SFGATE: We are aware of an electrical incident that took place today at Google’s data center in Council Bluffs, Iowa, injuring three people onsite who…
The CEOs of Alphabet, better known as the Google family of online services, and Meta, better known as the Facebook family of same, have each warned their massive employee rosters that diminishing profits in the past quarter will result in the companies taking a hard look at everyone on board, to see if they are…
Pinterest Inc.’s incoming new chief executive Bill Ready will face some major challenges in his new gig, in which he is clearly being tasked with remolding the scrapbooking/pinning site into more of an ecommerce player. Earlier on Tuesday, Pinterest PINS, -4.97% co-founder Ben Silbermann said he was stepping down as the company’s chief executive, a…