Dell Technologies Inc. is an American multinational technology company. It is headquartered in Round Rock, Texas and was established in 2016 after a merger with the EMC Corporation. Dell’s products include personal computers, servers, monitors, computer software, etc. According to reports, Dell has announced plans to lay off 6,000 employees in a bid to cut…
Stellantis to Layoff 400
Stellantis N.V., the multinational automotive company, has announced plans to lay off about 400 employees in the engineering, technology, and software division in the US as part of a restructuring initiative aimed at reducing costs as the company transitions from combustion engines to electric vehicles. The report further mentions that Stellantis plans to launch 18…
Intel: $8.5 Billion Semiconductor Investment
The CHIPS and Science Act is a U.S. federal statute enacted by the 117th United States Congress and signed into law in 2022. The act provides around $53 billion in funding to support the growth of domestic research and manufacturing of semiconductors in the United States. According to recent reports, the division will make an…
Google: $270 Million Fine
Google has been fined a total of $270 million USD by the competition authorities in France, over the unlawful use of contents from news publishers. The Autorité de la concurrence (Competition Authority) is the national competition regulator in the country that prevents anti-competitive practices. The report further mentions that the country’s competition authorities discovered that Google…
Apple: $490 Million Settlement
Apple has supposedly agreed to an out of court settlement of about $490 million USD with its shareholders over a 2018 operational decline in China. The report claims that the multinational technology company issued false statements about the state of their business affairs in the region. The report further mentions that Apple’s executives, including Tim…
Apple: Web Distribution for iOS Apps
Apple has announced major changes to its mobile application distribution offering in response to various developer backlash and scrutiny by European Union’s laws. This new update will allow developers in the EU publish their iOS applications from the developers private website. According to the report, Apple will provide an Application Programming Interface (API) to enable…
Nikon Acquires RED
Nikon Corporation is a Japanese company that specializes in optics and imaging. It was founded in 1917 with its headquarters in Tokyo, Japan. Nikon produces cameras, camera lenses, binoculars, microscopes, rifle scopes, and other related gear. It is the world’s second-largest optics manufacturer. According to reports, Nikon has announced that it acquired RED digital cinema…
Sorare to Layoff 22
Sorare is a sports management video game that was founded in 2018 with its headquarters in Paris. The game offers a fantasy sports and marketplace experience powered by the blockchain technology. Boasting of over 3 million users, the company was valued at over $4 billion USD as of 2021. According to recent reports, Sorare has…
Accenture to Acquire Udacity
Accenture plc is an Irish-American company that specializes in information technology (IT) services and consulting. It was founded in 1989 with its headquarters in Dublin. Accenture was the largest consulting firm in the world by number of employees as of 2022. According to reports, Accenture has announced plans to acquire the online learning platform Udacity,…
Apple: $1.95 Billion Antitrust Fine
Apple, the multinational technology company, has been fined a total of $1.95 billion USD (€1.8 billion Euro) by the European Commission. This fine was imposed on the technology giant for supposedly abusing its dominant position in the music streaming distribution market. According to the report, Apple restricted iOS application developers from informing users about other…