EXCLUSIVE Grab sees no big layoffs despite weak market

A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 25 (Reuters) – Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, does not envisage having to undertake mass layoffs as some rivals have done, and is selectively hiring, while … Read more

Tech workers left hanging as Sea e-commerce arm Shopee rescinds job offers

The logo of Shopee, the e-commerce arm of Southeast Asia’s Sea Ltd, is pictured at their office in Singapore, March 5, 2021. REUTERS/Edgar Su/File Photo Register now for FREE unlimited access to Reuters.com Register SINGAPORE/HONG KONG, Sept 6 (Reuters) – Southeast Asia’s largest e-commerce firm Shopee has rescinded dozens of job offers in the past … Read more

Self-driving tech firm Aurora mulls sale to Apple or Microsoft – Bloomberg News

A Peterbilt 579 truck equipped with Aurora’s self-driving system is seen at the company’s terminal in Palmer, south of Dallas, Texas, US September 23, 2021. Picture taken September 23, 2021. REUTERS/Tina Bellon Register now for FREE unlimited access to Reuters.com Register Sept 2 (Reuters) – Aurora Innovation Inc (AUR.O) Chief Executive Chris Urmson recently outlined … Read more

Indonesia’s GoTo posts net loss, warns of volatile market

JAKARTA, Aug 30 (Reuters) – Indonesia’s biggest tech company GoTo posted a $954.85 million net loss for the first half of the year on Tuesday, as its CEO flagged volatile markets and sour economic conditions. PT GoTo Gojek Tokopedia Tbk (GOTO.JK) – whose businesses straddle e-commerce, on-demand apps and finance – saw its losses between … Read more

Wall St set for subdued open ahead of business activity data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, August 22, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Zoom tumbles on weak forecast Macy’s shares rise on earnings beat Futures mixed: Dow off 0.04%, S&P down 0.02%, Nasdaq up 0.02% Aug 23 … Read more

Samsung unveils new foldable smartphones, seeking to keep lead in growing market

The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, April 4, 2016. REUTERS/Kim Hong-Ji/File Photo Register now for FREE unlimited access to Reuters.com Register SEOUL, Aug 10 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in … Read more

Nintendo Q1 Switch sales slump 22% to 3.43 million units

Different models of the Nintendo Switch are seen on display in a GameStop in Manhattan, New York, US, December 7, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Maintained annual sales Switch forecast at 21 million units Forecasting second year of Switch sales decline Nintendo to release new ‘Pokemon’ titles in … Read more

Big Tech in finance? There’s a regulator for that

The logo for Amazon Web Services (AWS) is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 1 (Reuters Breakingviews) – Technology companies have stormed the heights of consumer finance, but they don’t face the regulation … Read more

Factbox: The crypto crash hit these companies the hardest

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register July 28 (Reuters) – Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap … Read more

Microsoft soothes market fears with forecast for strong revenue growth

A Microsoft logo is seen in Los Angeles, California US November 7, 2017. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register July 26 (Reuters) – Microsoft Corp (MSFT.O) on Tuesday forecast revenue this fiscal year would grow by double digits, driven by demand for cloud computing services and sending shares up 5%. … Read more