Prosus and its parent Naspers are planning to cut their corporate workforce by 30%, becoming the latest companies in global tech to announce layoffs.
Browsing: Investment
Microsoft’s lacklustre quarterly outlook points to more gloom ahead for the tech sector, analysts said.
Microsoft posted results late on Tuesday that showed some strength in the face of a weak economy,
African start-ups more than doubled the amount of debt they raised last year, a surge that may continue as equity funding becomes more expensive.
Microsoft is making a $10-billion investment over several years in OpenAI, the pioneering artificial intelligence research lab behind ChatGPT.
The rand weakened early on Monday, as power utility Eskom extended scheduled electricity cuts.
US technology stocks are about to hit their next hurdle when earnings season gets under way in the coming week: vanishing profits.
Google parent Alphabet is eliminating about 12 000 jobs, or 6% of its workforce, the company said on Friday.
South Africa’s main stock exchange will probably continue haemorrhaging listings, the CEO of A2X said in an interview.
Microsoft plans eliminate 10 000 jobs and take a $1.2-billion charge as its cloud computing customers dissect their spending.