Tag Archives: apple

“Tech Sector Sees Massive Layoffs in April: Over 20,000 Jobs “

In a stark indication of ongoing economic challenges, the technology sector witnessed a wave of layoffs in April 2024, with over 20,000 employees losing their jobs across various companies. This surge in job cuts reflects a broader trend of layoffs in the tech industry, with at least 271 companies having let go of 78,572 employees since the beginning of the year, as reported by layoffs.fyi.

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“EU Commences Investigations Into Apple, Google, and Meta to Rein in Big Tech: Reports”

EU Launches Investigations Into Apple, Google, and Meta Over Potential Breaches of Digital Markets Act

The European Union's antitrust regulators have initiated their first investigations under the Digital Markets Act (DMA) into tech giants Apple, Google (Alphabet), and Meta Platforms (formerly Facebook), citing potential breaches of significant EU tech regulations. This move marks a significant step in the EU's efforts to regulate and reign in the power of Big Tech companies.

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“Apple Promises AI Innovation Amid China iPhone Sales Decline; CEO Cook Highlights Record Services Revenue”

"Apple Promises AI Innovation Amid China iPhone Sales Decline; CEO Cook Highlights Record Services Revenue"

Apple's CEO, Tim Cook, reassured investors about the tech giant's commitment to artificial intelligence (AI) innovation, despite a dip in China iPhone sales. While the company reported a slight increase in overall revenue for the last quarter of 2023, concerns surrounding the Chinese market led to a more than 3 percent drop in Apple's shares in after-hours trading.

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