Google parent company Alphabet set to lay off 12,000 workers

Google’s parent Alphabet Inc said on Friday it is cutting about 12,000 jobs, or 6% of its workforce, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI). Alphabet’s shares rose almost 4% in pre-market trading. The cuts come at a delicate moment for the U.S. company, which has… Read More Google parent company Alphabet set to lay off 12,000 workers

Elon Musk puts $44billion Twitter acquisition deal on hold over fake account data

Elon Musk tweeted on Friday that his $44-billion cash deal for Twitter Inc was “temporarily on hold” while he waits for the social media company to provide data on the proportion of its fake accounts. Twitter shares initially fell more than 20% in premarket trading, but after Musk, the chief executive of electric car market… Read More Elon Musk puts $44billion Twitter acquisition deal on hold over fake account data