Zoom to cut around 1,300 ‘zoomies’ as workers ditch wfh and head back to the office February 8, 2023 Zoom is trimming its workforce by 15 per cent as demand for online working fades into the pandemic past. Eric Yuan, chief executive of Zoom, said the company needed to “reset” and had made the “tough but necessary decision” to bid farewell to around 1,300 employees, in a memo shared with the public yesterday. In [...]
Rivian puts EV venture with Mercedes on hold to focus on US operations December 12, 2022 Rivian has put its plans to create an electric van joint venture with Mercedes on hold to focus on its US operations. The electric van maker announced today it was pressing the pause button on the project to instead focus on its existing US business – which include a contract to supply Amazon 100,000 delivery [...]
Apple suffers setback in fight against EU’s £11.3bn tax order November 9, 2023 An EU tribunal made legal errors when it ruled in favour of Apple over a €13bn tax order, an adviser to Europe's top court has said.
U-turn if you want to: Five financial policies Keir Starmer has scrapped as Labour leader February 14, 2024 City A.M. takes you through five other financial policies Keir Starmer has expressed a change of heart on since taking over his party.
UK should resist ‘over-regulating AI’: Founder of British tech start-up hailed by Sunak as ‘revolutionary’ February 12, 2024 The founder of a fast growing British tech startup, RobinAI, has said he believes the UK should resist over-regulating AI.
Slack chief says offices should be social spaces where people ‘actually enjoy themselves’ October 14, 2022 The chief executive of messaging platform Slack has said offices should be social spaces where people “come together and actually enjoy themselves” rather than a place where people take video calls. Speaking with the BBC, Slack boss Stewart Butterfield said office time was particularly important for young people starting their career. “It’s hard to imagine [...]
Caffe Nero shrugs off inflation as Brits’ coffee habits drive sales of £150m January 30, 2023 Caffe Nero generated UK sales of £150m for the first half of the financial year, averaging 104 per cent of pre-pandemic levels and an increase of 17 per cent for the same period in 2021. The coffee chain added Deliveroo and Just Eat to its delivery partner service last year, which it said helped secure [...]
Mobile games to dominate a £400bn gaming industry by 2030 September 15, 2022 Mobile games will make up half of gaming industry revenues in 2030, as tech firms continue to pump money into the sector. According to a fresh report from GlobalData, games played on smartphones and tablets will make up over 50 per cent by 2030. It also predicts that the market will swell to $470bn (£409bn) [...]
UK ‘complacent’ on data protection, OVH Cloud chief warns January 28, 2024 The UK is too complacent in its approach to data protection, the boss of French cloud provider, OVH Cloud, has said.
Exclusive: Subscribers more likely to cut video rather than music says Deezer CFO September 5, 2022 Deputy CEO of Deezer has said users are more likely to cut video streaming subscriptions than they are music as consumers are forced to tighten their belts on subscriptions.