Tesla is to cut its workforce by about 7% after a difficult year for the electric car maker. “The road ahead is very difficult,” the company’s founder and CEO Elon Musk said in an e-mail to employees.
Author: Agency Staff
Netflix’s Bird Box, You and other new programmes helped attract millions more subscribers to the streaming service last quarter. But slower sales growth disappointed investors riding high on a 50% stock gain in recent weeks.
The company has forecast quarterly revenue sharply below projections, underscoring the deepening slowdown in both iPhone sales and the global economy.
Zimbabwean lawyers and a rights group are going to court to challenge the government’s shutdown of the Internet, which has yet to be fully restored after this week’s nationwide strike.
US authorities are investigating the Chinese technology giant for allegedly stealing trade secrets from US partner companies like T-Mobile US, according to people familiar with the matter.
An investigation by federal authorities into the possible theft of trade secrets by Huawei could give even more weight to a US campaign against the Chinese company.
Some of the brightest minds in America are pooling their brain power to create a cryptocurrency that’s designed to do what bitcoin has proved incapable of: processing thousands of transactions a second.
Apple will cut back on hiring for some divisions after selling fewer iPhones than expected and missing its revenue forecast for the holiday quarter, according to people familiar with the matter.
Government is pushing Eskom, the power utility with R419-billion in debt, to present a credible turnaround strategy before the 20 February budget presentation, a person familiar with the situation said.
A flaw in Epic Games’ Fortnite opened the accounts of millions of users to the risk of a malicious attack, researchers from Check Point Software Technologies said in a report on Wednesday.