Palo Alto Networks CEO: Cost-cutting customers are coming to us in tough economy
Palo Alto Networks reported better-than-expected fiscal first-quarter revenue and earnings Thursday after the closing bell.
CNBC Technology
Tech layoffs are not a bellwether for broader cuts in other industries, Morgan Stanley analysts say
Tech layoffs are more a matter of perception than a matter for broader concern yet, a Morgan Stanley note read, with the larger workforce still understaffed.
Emoji for expenses, penthouses and slipshod accounting: The most damning details from new FTX CEO's report
A filing from FTX's new CEO reveals a culture of permissiveness and laxity, where expenses were approved with emoji and company funds paid for employee homes.
Crypto startup Ripple is seeking a license in Ireland to drive EU expansion
Most of Ripple's business is now driven outside of the U.S. despite its large presence in the country, General Counsel Stuart Alderoty told CNBC.
Indonesia’s GoTo to cut 1,300 jobs — or about 12% of its headcount
Indonesian tech giant GoTo announced Friday that it is laying off 1,300 people, or around 12% of its total employee headcount.
Binance CEO slams Sam Bankman-Fried's behavior, takes aim at Nouriel Roubini
The chief executive of the largest online exchange for cryptocurrency, Binance, criticized the former CEO of bankrupt exchange FTX and took aim at economist Nouriel Roubini.
Microsoft wants to create more competition among game publishers, CEO Satya Nadella says
Microsoft's Satya Nadella says the tech giant wants to create more competition among game publishers, with its proposed offer to buy Activision Blizzard.
Binance exec says 'it was like a bomb went off' at FTX, compares Bankman-Fried to Madoff and Elizabeth Holmes
Binance strategy chief Patrick Hillmann said it took two hours of due diligence on FTX to determine his company couldn't save the crypto exchange.
Amazon CEO Andy Jassy says layoffs will continue into next year
Amazon will continue to lay off employees in the coming year, CEO Andy Jassy wrote in a memo to workers on Thursday.
Meta reportedly disciplined or fired more than two dozen workers for taking over Facebook user accounts
Meta Platforms fired or disciplined more than two dozen employees and contractors who took control of user accounts, according to The Wall Street Journal.
Elon Musk sets more in-office requirements at Twitter, threatens lax managers
A pair of new emails from Elon Musk to Twitter employees says managers must meet in person with employees — even exceptional ones — at least monthly.
Elon Musk says Twitter employees must commit to 'hardcore' culture by 5 p.m. Eastern time
Twitter shared a document overnight with employees, telling them they have to commit to Elon Musk's working demands or resign.
Never seen 'such a complete failure' of corporate controls, says new FTX CEO who also oversaw Enron bankruptcy
Newly appointed FTX CEO John Ray III excoriated Sam Bankman-Fried, declaring he had never seen such a failure of corporate controls or trustworthy information.
Cryptocurrency investor says he saw serious 'red flags' with FTX founder Sam Bankman-Fried
A crypto VC says he saw obvious "red flags" with Sam Bankman-Fried in 2018 when the FTX founder was seeking an investment for Alameda, his trading firm.
FTX used corporate funds to purchase employee homes, new filing shows
Corporate funds were used by FTX to purchase homes for the benefit of employees, a bankruptcy filing from new CEO John Ray III said.
Google Maps got a big update that shows where fast-charging EV stations are and more
Google Maps was updated with new features, such as the option to find fast-charging EV stations, and, starting next week, a new augmented reality search option.
Amazon is looking to trim head count through a voluntary buyout program
Amazon sent out "voluntary severance" offers to some employees this week as it looks for ways to rein in costs beyond the massive layoffs already announced.
Elon Musk demands Twitter staff commit to 'long hours' or leave: Read the email
Elon Musk gives Twitter employees one day to decide if they want to support him or take three months of severance.
World of Warcraft to go offline in China as Activision Blizzard and NetEase end 14-year deal
The Blizzard-NetEase deal is due to expire in January 2023 after the two firms were unable to agree on renewal terms.
Grab pares losses by 24% in third quarter; deliveries segment breaks even earlier than expected
Grab managed to reduce losses by 24% in the third quarter and broke even in its deliveries segment earlier than expected.
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