Online furniture retailer Wayfair is planning to lay off more than 5% of its workforce, or around 1,000 employees, according to a report from The Wall Street Journal. The cuts are the Boston-based company’s second round of layoffs in six months. Wayfair has struggled to get costs under control after growing rapidly during the pandemic, when consumers stuck at home raced to purchase new...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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