
LinkedIn becomes latest tech company to conduct layoffs
LinkedIn, the business-focused social media platform owned by Microsoft, announced on Monday it would be reducing its workforce by approximately 668, becoming the latest tech company to conduct mass layoffs. “Talent changes are a difficult, but necessary and regular part of managing our business,” the company wrote in a blog post adding that the changes were a result of adapting organisational structures and streamlining decision-making. The company said the roles being cut span across engineering, product, talent and finance teams. “We are committed to providing our full support to all impacted employees during this transition and ensuring that they are treated with care and respect,” LinkedIn wrote. This round of layoffs comes just months after LinkedIn laid off 716 employees in May citing a change in their Global Business Organization. In the first half of this year, tech companies like Microsoft, Google, Meta and Amazon saw massive layoffs in part because the sector struggled to keep up with salary maintenance while revenue slowed down. In January, Microsoft announced it would be reducing its workforce by 10,000 following a report showing company growth was at its slowest in six years. Part of that included advertising revenue that performed worse than expected. Microsoft’s advertising revenue partially comes from LinkedIn which makes money from ads on the platform in addition to users who pay a premium membership subscription fee. Though LinkedIn saw revenue and website membership growth over the last year, it is slower than in previous years. In Q4 of 2023, the company’s revenue increased 5 per cent year-on-year – a drop from the previous quarter at 10 per cent. The company also laid off 716 workers in May, after growing massively during the pandemic. Around 40% of LinkedIn’s almost 20,000 workers were hired during the pandemic. The cuts affect approximately 3 per cent of the total workforce at LinkedIn. The company has an estimated 21,000 employees – around 40 per cent of those workers were hired during the pandemic, according to The San Francisco Chronicle. Read More Who is hit hardest by Big Tech job cuts? Cooks and janitors Microsoft spent two years trying to buy Activision Blizzard. For Xbox CEO, that was the easy part IRS says Microsoft may owe more than $29 billion in back taxes; Microsoft disagrees
2023-10-17 04:56

SpaceX hints next Starship launch attempt could be soon
SpaceX has hinted that flight tests of its Mars-bound Starship rocket system could begin to occur on a more frequent basis following a successful launch on Saturday. The tallest and most powerful rocket ever built lifted off from SpaceX’s Starbase facility in Boca Chica, Texas, on Saturday, seven months after the first launch attempt. Unlike the first attempt, both parts of the rocket were able to separate in mid-air without immediately exploding, while the newly-built launch pad was also able to withstand the force of the 33 Raptor engines firing simultaneously. “Just inspected the Starship launch pad and it is in great condition,” SpaceX boss Elon Musk posted on X on Sunday. “No refurbishment needed to the water-cooled steel plate for next launch. Congrats to SpaceX team and contractors for engineering and building such a robust system so rapidly!” The second flight test of the fully-stacked Starship rocket was beset by delays due to the high levels of debris from the destroyed launchpad and exploded rocket following the failed first attempt. Regulators said they would be working with SpaceX before a third flight test takes place, with the US Federal Aviation Administration confirming that no injuries or property damage was reported following Saturday’s launch. The fully-stacked Starship rocket system was the first to successfully perform a hot-stage separation, which saw the upper second stage launch away from the Super Heavy Booster mid-flight. Both parts of the rocket were destroyed shortly after they achieved separation, however SpaceX already has two Super Heavy boosters and three upper-stage vehicles currently undergoing preliminary testing, according to Next Spaceflight. Mr Musk has previously outlined his plans to build a fleet of hundreds of Starship rockets, with the hope of using them to establish a permanent human colony on Mars by 2050. SpaceX has already secured a multi-billion dollar contract with Nasa to develop Starship for the US space agency’s Artemis program, which will return humans to the surface of the Moon for the first time in 50 years. Read More SpaceX launches ‘zero fuel’ engine into space SpaceX Starship rocket loses contact after reaching space: Live updates Air Force officer breaks silence over ‘red, glowing’ UFO sighting: ‘Not a joke’
2023-11-20 22:23

Can You Play Commander on MTG Arena?
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6 Games Like Little Nightmares Players Need to Try
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2023-11-28 07:21

Sidemen fans mock YouTube Allstars' Kai Cenat for mimicking IShowSpeed's signature move
Sidemen fans playfully teased Kai Cenat after a clip of his offside move went viral on social media
2023-09-10 20:56

Safire Group Awarded Additional U.S. Air Force Small Business Innovation Research (SBIR) Phase II Contract
KNOXVILLE, Tenn.--(BUSINESS WIRE)--May 25, 2023--
2023-05-25 22:49

Scientists confused after black holes 'burp up' previously destroyed stars
It feels like every time black holes are discussed and studied by the scientific community, there are new findings that blow our tiny minds. It’s been revealed that black holes actually regurgitate or “burp up” the stars that they eat years after the event. Experts made the discovery by studying tidal disruption events (TDEs). These events take place when stars are close enough to supermassive black holes, to be destroyed by the process of spaghettification. Studying these moments over a number of years after the black holes seemingly swallowing stars with no trace, the experts found that up to 50 per cent of them "burp up" the remains. Yvette Cendes is a research associate at the Havard and Smithsonian Center for Astrophysics and head author on the study. Speaking to Live Science, she said: "If you look years later, a very, very large fraction of these black holes that don’t have radio emission at these early times will actually suddenly 'turn on' in radio waves. "I call it a 'burp' because we’re having some sort of delay where this material is not coming out of the accretion disk until much later than people were anticipating." The material was re-emitted between two and six years from 10 out of 24 black holes which were studied by Cendes and the team. It has the potential to change the way the scientific community thinks about black holes. "There was a second peak, the two black holes re-brightened, and that's completely new and unexpected," Cendes said. "People were thinking that you'd have one outflow, and then it's kind of done. So this observation means these black holes can 'turn on' and then 'turn on' again." Meanwhile, a low intergalactic grumbling is emanating from deep space, according to scientists – and again, it’s black holes that are providing us with new discoveries. Astronomers say they detected the first-of-their-kind low frequency ripples, described as a “cosmic bass note” of gravitational waves, which is thought to be caused by supermassive black holes merging across the universe. Sign up for our free Indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings
2023-09-07 00:29

SK Hynix’s $24 Billion Rally Unraveling on US-China Tech War
SK Hynix Inc.’s $24 billion rally this year is unraveling fast as the South Korean chipmaker finds itself
2023-09-11 11:29

DMs may come to Threads soon as Meta’s app now has one-fifth of Twitter’s user base
Direct messaging is reportedly coming to Threads soon as the Twitter rival app’s user base grows to nearly one-tenth of the Elon Musk-owned platform. A leaked internal report from Meta suggests DMs will be “coming soon” to Instagram’s Threads, along with other exciting features, Business Insider reported. Initially, Instagram’s chief Adam Mosseri had said DMs are not in Threads’ immediate roadmap, but the new leaked memo suggests the Twitter competitor could offer the messaging feature much sooner than expected. This expected update to the platform comes as Threads now has over 100 million user sign ups just within days of its arrival, boasting a weekly active user base that is nearly one-fifth of competitor Twitter’s. Within just its first week of launch, Threads racked up about 93 million active users globally and on 10 July, Meta announced that the app had reached 100 million signups. The app now has more than 150 million downloads, reaching this milestone “5.5 times more quickly than the second-fastest app to do so”, according to the app intelligence firm data.ai. Niantic’s Pokémon GO held the top spot as the most rapidly downloaded app for years since its debut in July 2016. Among Threads’ userbase, data.ai’s report suggested India accounts for nearly a third of the app’s downloads, followed by Brazil, with 22 per cent of overall Threads’ installs, and the US representing about 16 per cent of the total. Now, with the anticipated inclusion of a direct messaging feature, people on Threads can stay longer and chat privately without having to leave the app. Other features such as improved search, trends and topics are also reportedly coming soon, along with a feed in chronological order. It is unclear when these new updates will come. The new changes could put more pressure on Twitter and its owner Elon Musk, who said the platform continues to lose cash as advertising has dropped by half. “We’re still negative cash flow, due to (about a) 50 per cent drop in advertising revenue plus heavy debt load,” Mr Musk tweeted on Saturday. “Need to reach positive cash flow before we have the luxury of anything else,” he said. Read More $44 billion and eight months later. It’s finally all over for Elon Musk Twitter changed my life – I’ll never forgive Elon Musk for what he’s done to it Twitter is in negative cash flow due to 50% drop in advertising revenue, says Elon Musk Twitter in negative cash flow due to 50% drop in advertising revenue, says Elon Musk Twitter starts making payments to its most controversial users Elon Musk posts series of explicit tweets about Mark Zuckerberg
2023-07-17 12:27

Warzone 2 Ranked Patch Notes: New SR and Restrictions
The latest Warzone 2 Ranked Play Patch Notes increased placement SR to combat Deployment Fees and restricted broken Thermal Optics.
2023-05-26 03:54
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