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Amazon begins to cut jobs, with layoffs hitting Alexa unit and cloud gaming division

Amazon begins to cut jobs, with layoffs hitting Alexa unit and cloud gaming division

Andy Jassy, ​​CEO of Amazon.Com Inc., speaks at the GeekWire Summit in Seattle, Washington, U.S. on Tuesday, October 5, 2021. david ryder | Bloomberg | Getty Images Amazon began laying off employees from its corporate and technology staff on Tuesday as CEO Andy Jassy steps up efforts to control costs. The company notified workers in …

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Disney announces upcoming layoffs, hiring freeze to cut costs in internal memo from CEO Bob Chapek: report

Disney announces upcoming layoffs, hiring freeze to cut costs in internal memo from CEO Bob Chapek: report

Find out what clicks on FoxBusiness.com The Walt Disney Co. plans to freeze hiring and cut some jobs ahead of winter vacation after a disappointing quarter, according to a report. In the memo sent to employees, Disney CEO Bob Chapek said the company was moving forward with prioritizing cost-cutting measures, including “some staff reductions.” “I …

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USMNT World Cup buzz: Zack Steffen not on 26-man squad;  Ethan Horvath, Sean Johnson and Matt Turner are cut

USMNT World Cup buzz: Zack Steffen not on 26-man squad; Ethan Horvath, Sean Johnson and Matt Turner are cut

The roster of the United States Men’s National Team for the FIFA World Cup 2022 in Qatar, to be announced Wednesday, is not expected to include goaltender Zack Steffen’s name on the list, sources tell CBS Sports. While the the announcement is set to take place Wednesday night at an event in New YorkCBS Sports …

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Fed expected to raise rates another 75bps, then 'set the stage for a cut'

Fed expected to raise rates another 75bps, then ‘set the stage for a cut’

The Federal Reserve is expected to raise its benchmark interest rate by three-quarters of a percentage point for the fourth consecutive meeting on Wednesday after two days of Federal Open Market Committee meetings. And after that, markets expect the central bank to back down from its hawkish stance to curb inflation and slow the pace …

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Credit Suisse will cut 9,000 jobs and seek billions in new investment

Credit Suisse has unveiled sweeping plans to cut 9,000 jobs and raise billions of pounds from investors in a Saudi-led funding round as part of a scaled overhaul company intended to draw a line under a series of scandals and help it recover from a £3.5 billion loss. The announcement follows months of speculation over …

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Aaron Donald with his family after Super Bowl 56.

Aaron Donald and Jaylen Brown cut ties with Kanye West’s Donda Sports

Aaron Donald and Jaylen Brown are the latest people to cut ties with Ye, the controversial rapper formerly known as Kanye West. Los Angeles Rams defensive tackle announced Tuesday Twitter that he is parting ways with Ye’s marketing agency, Donda Sports, following the rapper’s “irresponsible” anti-Semitic remarks. “Our family has made the decision to part …

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Apple Demands 30% Cut of Promoted Social Posts in Another Blow to Meta

Apple Demands 30% Cut of Promoted Social Posts in Another Blow to Meta

Monopoly is a fun board game you can play where you try to outrun your competitors.Photo: LightField Studios (Shutterstock) Apple has released an update to its payment directives on Monday, requiring that applications use the In-App purchase tool for “boosts” and promoted posts, which means Apple will take a 30% cut of sales. This move …

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Adidas faces pressure to cut ties with Kanye West over anti-Semitic remarks

Adidas faces pressure to cut ties with Kanye West over anti-Semitic remarks

Adidas on Tuesday became the latest company after Balenciaga and prominent talent agency CAA to sever ties with Ye, formerly known as Kanye West, over his anti-Semitic remarks. Social media users began calling out to the German sports brand after an anti-Semitic hate group hung a banner on a Los Angeles freeway on Saturday that …

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