CNBC Technology

The job cuts were in the works for a while, the company said. On its first-quarter 2020 earnings call, IBM said it could take additional structural actions that could lead to cost savings.

SoftBank billionaire Masayoshi Son said that he can't ask for capital for Vision Fund 2 when Vision Fund 1 is performing badly.

The General Data Protection Regulation was introduced by the EU in 2018 to give people more control over their personal data.

No company "should absolutely be in a position where they pay no tax and make billions and billions and billions of dollars," Biden told CNBC.

Blue Apron's meal-kit delivery business has been up and down since its 2017 IPO, and its shares fell as low as $2 in March. Can the coronavirus delivery surge set the company on a surer path?

At its Build 2020 conference for software developers, Microsoft announced plans to bolster the Azure public cloud and make it easier for developers to build tools for the growing Teams communication app.

Private equity firm KKR has taken a $1.5 billion stake in Mukesh Ambani's Jio Platforms business a month after Facebook announced it was pumping $5.7 billion into the company.

VCs and celebrities are betting on physical events shifting online as Covid-19 has made big gatherings impossible.

Apple's iPhone sales jumped 160% month-on-month in April, according to one research firm, as data paints a picture of a bounce back for the U.S. tech giant.

Netflix will start asking customers who haven't used its platform in the past year if they want to keep their subscriptions, the company announced Thursday. If a customer doesn't respond, Netflix will automatically cancel the subscription.

The stock is up over 50% on the year, not including Thursday's after-hours move.

Zuckerberg's announcement comes as several tech companies are allowing employees to work remotely indefinitely.

Evervault CEO Shane Curran says Alex Stamos' experience at Facebook meant he knew the importance of getting privacy right.

The news illustrates how the pandemic may speed up automation in the retail industry. Companies including Gap and Amazon have long used such systems for a range of tasks, like moving items across warehouse floors. Various new technologies are capable of supplanting some cashier, box packing and item picking roles that employ millions of U.S. workers, and the pandemic is giving vendors a chance to make their case.

Facebook on Thursday announced that its Workplace enterprise software business has now reached 5 million paid users, up from 3 million in October.

DocuSign, Shopify, Twilio and Zoom have helped a grouping of smaller cloud names called the BVP Nasdaq Emerging Cloud Index outperform major indexes this year.

"The ability to mentor younger employees" and develop company culture are "very difficult to do" over videoconferencing, Boston Properties CEO Owen Thomas told CNBC on Thursday.

"There's a meaningful contrast between what we're doing and what some other companies are doing," Facebook CEO Mark Zuckerberg told NBC News in an interview. "This isn't a free-for-all.

Tesla HR told production employees in a memo obtained by CNBC that the company is returning to "normal operations," and it's resuming their regular attendance policy this week.

America's billionaires added $434 billion to their wealth between mid-March and mid-May