HP will lay off up to 6,000 employees over the next three years
Another tech giant is drastically reducing its headcount
Financials articles
Global DRAM revenue falls nearly 30% in biggest drop since 2008 financial crisis
Samsung, Micron, and others delay expansion and transition plans. Inventory troubles to last into 2023.
Nintendo revises Switch forecast, announces joint venture with DeNA, updates best-selling games list and more
Nintendo has sold more than 114 million Switch consoles since launch
Disney+ added 12 million subscribers last quarter but still missed revenue expectations
The ad-supported tier arrives next month
Call of Duty: Modern Warfare II's opening weekend was the best in franchise history
Title landed just shy of a making a billion dollars in three days
Sony will need a monster holiday season - and then some - to meet PS5 sales goals
Sony sold 3.3 million PlayStation 5 consoles during the most recent quarter
Apple resists tech industry slide thanks to strong Mac sales
Apple beat revenue and profit expectations
Spotify subscriber growth continues as 2023 price hike looms
Spotify finished Q3 with 456 million monthly active users
Consumer spending in the video game industry down 13 percent last quarter
MultiVersus was the best-selling game in July
Tencent and Alibaba have lost more value this year than any other company in the world
Regulators, Covid Zero, and the economy are all having an impact
Desktop CPU sales see biggest decline in 30 years as AMD gains market share
CPUs follow other industry segments in last quarter's downturn
Sanctioned Huawei keeps on losing money, just not as quickly
Revenue from its smartphone division fell 25%
CEO Jensen Huang talks of raises instead of layoffs after Nvidia issues revenue warning
Company employees are safe, at least for now
Activision Blizzard makes more money from mobile games than PC and consoles combined
King makes more money than either Activision or Blizzard
Robinhood is nearly $300 million down, lays off a quarter of its staff, and gets hit with $30 million fine
The definition of a bad week
Apple's profit dipped in the latest quarter, but iPhone revenue holds firm despite supply constraints
Apple posted a record June quarter
Sony lowers profit forecast as PlayStation game sales fall
It also revealed PS5 lifetime sales now match the GameCube's
Meta records first-ever revenue decline; metaverse business loses almost $3 billion, again
Reality Labs lost $10.2 billion in 2021, but this year could be worse
Spotify adds a record number of Q2 users, still loses money
User numbers are the company's priority
SK Hynix lowers forecast as fragile economy flattens demand
"Market growth for the year is going to be a lot lower than our expectations"
Corsair expects quarterly losses of $11 million due to faltering economy, but the outlook is positive
Tech companies are reeling as consumer confidence wanes
Twitter adds more users but makes less money, blames Elon Musk
And the economy, obviously
Seagate and Snap blame economy for weak financial reports that crash shares
This is becoming depressingly familiar