Tech rout continues as Yahoo staff cull adds to over 30,000 job losses in sector this year Tech sector job cuts Yahoo has become the latest tech giant to announce huge job losses, as the cost of living crisis forces digital advertisers to reign back on their spending. The American web provider said it was axing over 20 per cent of its entire workforce, with the cuts expected to make 1,600 current workers redundant, including 1,000 [...]
Yahoo exits China due to challenging business environment Yahoo said it had stopped allowing its services to be accessible from mainland China as of 1st November "in recognition of the increasingly challenging business and legal environment."
What’s the point of economists? Look to America’s tech giants to find out Despite the dire predictions from the economics profession about Brexit, the UK economy is doing well. Growth continues at a steady pace. An all-time record 32.4m people are in work. Unemployment has fallen to levels not seen since the mid-1970s. In contrast, the Eurozone is on the brink of recession – and Italy is already [...]
The Bureau of Investigative Journalism secures £800,000 to fund growth January 25, 2019 The Bureau of Investigative Journalism has secured a new round of fundraising, bucking the trend after a torrid week of job cuts among digital media outlets. The not-for-profit news organisation said it has received £800,000 over two years from global charity Luminate, which was set up by eBay founder Pierre Omidyar. Read more: Buzzfeed and Verizon [...]
Buzzfeed and Verizon plan to slash hundreds of jobs in grim day for digital media January 24, 2019 Online publishers Buzzfeed and Verizon Media have announced plans to cut hundreds of staff members as digital media faces a squeeze on advertising revenues. Buzzfeed said it plans to reduce its global headcount by 15 per cent, believed to amount to roughly 200 members of staff, as it looks to cut costs. Read more: Murdoch eyes [...]
Daily Mail maintains guidance as digital revenues help offset print decline January 24, 2019 The Daily Mail’s parent company today said it maintains its full-year guidance as revenue rises for its online and TV offerings offset a decline in print sales. Daily Mail and General Trust (DMGT) said reported revenue growth slipped two per cent in the three months to the end of December, impacted by disposals in its [...]
US telecoms company Verizon announces $4.6bn writedown on Oath business December 11, 2018 US telecoms giant Verizon Communications will announce a writedown of up to $6.7bn (£5.35bn) in the fourth quarter on the value of its Oath media business and redundancy programme costs. Oath, which was formed after the merger of AOL and Yahoo in 2017, has seen a deterioration in sales and revenue leading to a $4.6bn [...]
Yahoo chief Marissa Mayer reveals she’s pregnant with twins, will take “limited time away” September 1, 2015 Yahoo president and chief executive Marissa Mayer has revealed she is pregnant with twins, but said she plans to take “limited time away”and will be “working throughout”. The Silicon Valley boss announced she and partner Zach Bogue are expecting identical twin girls “likely arriving in December” on her blog this morning. “Since my [...]
Why BuzzFeed’s Yahoo joint venture should make it big in Japan August 18, 2015 BuzzFeed is on a march. Having already expanded into nine countries, including the UK, from its US base, it now has its eye on Japan. The digital media firm has announced a joint venture with Yahoo Japan to bring its popular brand of gif-fuelled stories, native advertising content and, increasingly, more serious news coverage [...]
Apple, Yahoo, Microsoft, IBM and Twitter share prices fall as US markets open July 22, 2015 US technology shares all fell as US markets today, after disappointing results by Apple prompted a mass sell-off overnight. Read more: Apple reckons Watch sales "beat internal forecasts" The iPhone manufacturer led the fallers, with its shares falling five per cent to $124.29, after a 7.3 per cent drop in pre-market trading wiped $66bn off its [...]