Aussie company sacks 17% of staff
The social media company raised $157 million earlier this year, but its co-founder was “heartbroken” to reveal a number of employees were being cut.
The social media company raised $157 million earlier this year, but its co-founder was “heartbroken” to reveal a number of employees were being cut.
A new economic report has found how much Aussies could have saved at the bowser if better fuel efficiency standards were adopted by the government years before.
The ASX woes show how dangerous tech overhauls are, which is why there is an in-built bias among Australian businesses to steer clear of such moves.
The company, valued at a whopping $3.5 billion, let go of 17 per cent of its staff from one division in a “devastating” decision, as the union raises concerns.
THE reports of bitcoin’s death has been exaggerated. Despite several scandals, the virtual currency is bouncing back and its value has surged in the past two weeks.
A DAY after Apple’s buyout of Beats for $3 billion, critics have come out swinging, saying the technology giant has overpaid. So, is Beats really worth all that money?
THE founder of a multi-million tech company has stepped down, after posting offensive comments on the manifesto of alleged mass murderer Elliot Rodger.
‘PRISSY European sensibilities’ which will see users have the right to edit search results have been slammed in the US as strange and unworkable.
COMPUTER giant Hewlett-Packard will cut another 11,000 to 16,000 jobs, above a target of 34,000 the company outlined in May 2012.
A SHADOWY military unit operating out of a non-descript high-rise is behind a high-stakes hacking conflict between the US and China.
OPTUS has lost 160,000 mobile customers in the last financial year and hasn’t ruled out cutting more jobs on top of the 350 already announced.
TECH giant Samsung has apologised to staff who say they suffered cancer as a result of chemical exposure in its chip factories. So far, 73 people have died.
Original URL: https://www.couriermail.com.au/business/companies/technology/page/134