Apple’s revenue fell 5% in the December quarter as the company’s iPhone sales shrank 8%, which the company said was due to supply constraints in China. Net income dropped 13% to a little less than $30 billion. Apple executives told analysts that iPhone “production is now back to where we want it to be.” But they also projected that the March quarter performance would be similar to the December...
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Amazon Takes Its Time Delivering Second Round of Job Cuts
Amazon is in the lead! The e-commerce behemoth has moved ahead of Alphabet in the contest to win this year’s IBM Cup, awarded occasionally to the most bureaucratic and slow-moving big tech company around. That’s one takeaway from Amazon CEO Andy Jassy’s explanation today for cutting another 9,000 jobs, on top of the 18,000 layoffs already announced. Jassy said in November the job cuts flowed...
FTX Sues Liquidators of Bahamas Unit
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
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