Whole Foods plans to lay off several hundred corporate employees: Read the memo here
The cuts translate to about less than half of a percent of the company's global workforce.
CNBC Technology
Twitter finally removes legacy verification check marks
After weeks of delay, the social media platform removed blue check marks from users who aren't paying subscribers.
Read the internal memo Alphabet sent in merging A.I.-focused groups DeepMind and Google Brain
Google is merging two previously separate teams as it races to advance artificial intelligence.
Tesla shares fall nearly 10% after earnings decline from year-ago quarter
Analysts are also worried about the prospect of continued price cuts alluded to by CEO Elon Musk.
Seagate hit with $300 million penalty for continuing $1 billion relationship with blacklisted firm Huawei, despite U.S. export controls
Seagate shipped over 7.4 million hard drives to blacklisted Huawei, even after the U.S. government imposed export controls on the Chinese company.
Tesla net income drops more than 20% from last year
Tesla specified in a shareholder deck that "underutilization of new factories" stressed margins, contributing to the drop in earnings from last year.
EU lawmakers approve world's first comprehensive framework for crypto regulation
The parliamentary blessing paves the way for MiCA to become law in 2024, putting the EU a step ahead of the U.S. and U.K.
Apple bets big on India, but will still rely on China for 'years' to come
For years, Tim Cook has been bullish on India. Now, he is betting on the Asian giant as it diversifies from China as Apple expands its India footprint.
Elon Musk threatens to sue Microsoft over using Twitter data for its A.I.
Twitter CEO Elon Musk threatened Microsoft with a potential lawsuit on Wednesday, claiming the software giant used his company's data to train its AI.
IBM earnings top estimates as margins expand
IBM missed on revenue, but reduced expenses contributed to better-than-expected profit
How to apply for your share of Facebook's $725 million settlement in privacy suit
Facebook users who maintained an account between May 2007 and Dec. 2022 can submit a claim for their share of a $725 million class action settlement.
From making parts with A.I. to digitally cloning cars: What factories will look like in the future
Factories are expected to become a lot smarter in the future, powered by critical technologies such as AI, cloud computing, and the metaverse.
Atlassian taps OpenAI to make its collaboration software smarter
Atlassian co-CEO Scott Farquhar says the company can stand out among businesses integrating GPT-4 by showing results about clients' extensive data collections.
Netflix delays password-sharing crackdown rollout, posts mixed results
Netflix reported earnings after the bell. Here are the results.
Meta has started its latest round of layoffs, focusing on technical employees
Meta has begun saying goodbye to some technical workers, following plans announced in March to lay off 10,000 employees.
Europe approves its $47 billion answer to Biden's CHIPS Act — here's everything that's in it
The European CHIPS Act seeks to help the bloc secure its semiconductor supplies, ensure self-sufficiency and compete with the U.S. and Asia on tech.
Amazon lays off some employees in its advertising unit
The layoffs are part of the previously announced job cuts that are expected to affect 9,000 employees.
The Swedish rival to Tesla's Semi scores a deal with PepsiCo to deliver snacks in the UK
Electric vehicle firm Einride will supply two of its trucks to PepsiCo to transport Walkers chips in central England.
Why India is so important to Apple
India is a massive market with an expanding middle class to power sales growth, and potentially a home base for the production of millions of Apple devices.
Chinese EV giant BYD says self-driving tech is more valuable for factories than cars
Fully autonomous driving is "basically impossible" and the tech would be better applied to manufacturing, said Chinese battery and electric car company BYD.
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