Apple warned that it will miss its revenue forecasts for the current quarter due to the business impact from the coronavirus. In a statement, the company said its business will suffer both because of production problems in China and weak demand among consumers in the country, where the outbreak of the virus originated. Apple said its worldwide iPhone supplies will be “temporarily constrained” as...
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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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