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Monthly Archives: January 2023

Mass tech layoffs don’t signal a recession, but this trend could

Mass layoff headlines keep piling up, and workers are understandably spooked. The labor market has been tight for the majority of the pandemic, with millions more job openings than people available to fill them, and recruiters going to the extreme to court high-earning workers in tech, finance and real estate. …

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Amazon layoffs hit workers in robotics, grocery, health, AWS units

The Amazon headquarters sits virtually empty on March 10, 2020 in downtown Seattle, Washington. In response to the coronavirus outbreak, Amazon recommended all employees in its Seattle office to work from home, leaving much of downtown nearly void of people. John Moore | Getty Images Amazon’s 18,000-plus job cuts announced …

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Snap earnings Q4 2022

Snapchat founder and CEO Evan Spiegel attends a session during the Viva Technology show in Paris on June 17, 2022. Eric Piermont | AFP | Getty Images Snap shares slid more than 14% in extended trading on Tuesday after the social media company reported fourth-quarter revenue that trailed analysts’ estimates. …

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Meta CTO Andrew Bosworth writes Facebook of old had focus in blog post

Andrew Bosworth AKA Boz, an advertising expert for Facebook, gives a talk at the Online Marketing Rockstars marketing trade show in Hamburg, Germany, 03 March 2017. Photo: Christian Charisius/dpa | usage worldwide (Photo by Christian Charisius/picture alliance via Getty Images) Christian Charisius | picture alliance | Getty Images Meta technology …

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ChatGPT maker OpenAI launches tool to detect text written by AI

Sam Altman, CEO of OpenAI, walks from lunch during the Allen & Company Sun Valley Conference on July 6, 2022, in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images Artificial intelligence research startup OpenAI on Tuesday introduced a tool that’s designed to figure out if text …

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PayPal to lay off 2,000 employees in coming weeks, about 7% of workforce

Dan Schulman, CEO, Paypal speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC PayPal on Tuesday announced plans to lay off 2,000 employees, or around 7% of its workforce, according to a release posted to the company’s website. President and CEO Dan Schulman …

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States miss deadline for deal on water cuts

The Hoover Dam water intake towers at Lake Mead, the country’s largest man-made water reservoir, formed by the dam on the Colorado River in the Southwestern United States, has dropped 2 inches every day since February (26 feet in one year), are viewed at approximately 25% capacity on July 12, …

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Tax credits vs. tax deductions: How they differ

D3sign | Moment | Getty Images It’s tax season, and households are confronted by a lot of tax jargon when preparing their returns. Two types of tax breaks stand out among all the lingo: credits and deductions. Each lowers your tax liability, which is the total annual tax owed on …

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3 key things to know before opening a home equity line of credit

HELOC use rose as cash-out refis dropped Last year, as mortgage rates climbed higher, accessing home equity by taking cash against it during refinancing (a so-called cash-out refi) became less appealing. Rates on mortgages went from close to 3% at the beginning of 2022 to a peak of above 7% …

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‘Land grab’ for lithium is just getting started with GM, expert says

Brine pools at the Albemarle Corp. Lithium mine in Calama, Antofagasta region, Chile, on Tuesday, July 20, 2021. Cristobal Olivares | Bloomberg | Getty Images General Motors’ announcement on Tuesday that it plans to invest $650 million into Lithium Americas to secure access to lithium is probably the first of many such …

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