Oracle stock fell 30% this quarter, its steepest drop since Q3 2001, when it slid ~34%, amid skepticism about its ability to open more data centers for OpenAI
Jordan Novet / CNBC :
GitHub CEO Thomas Dohmke says he will “leave GitHub to become a founder again”, with GitHub and its leadership team moving into Microsoft's CoreAI organization
once independent programming site now part of ‘CoreAI’ team Todd Bishop / GeekWire : GitHub will join Microsoft's CoreAI division with departure of CEO Thomas Dohmke Kaustubh Bagalkote / Benzinga : Mi...
In a memo, Satya Nadella addresses the “enigma” of layoffs while “Microsoft is thriving”, saying the transition into the AI era “might feel messy at times”
Satya Nadella, Chairman and CEO … Edwin Evans-Thirlwell / Rock, Paper, Shotgun : Dear Microsoft CEO Satya Nadella, please prove that an AI didn't write your insulting, vacuous blog about why you're la...
Former Intel CEO Pat Gelsinger joins VC firm Playground Global as a GP and the board of portfolio startup xLight, which develops lasers for chip manufacturing
Jordan Novet / CNBC :
Filing: Satya Nadella was paid $79.1M during the FY ending June 30, up from $48.5M YoY; compensation was reduced by $5M+ due to Microsoft's security issues
while company fired nearly 2,500 workers Derek Strickland / TweakTown : Xbox exclusives are still important for Microsoft and are used to determine ‘growth in gaming’ Heidi Nicholas / TrueAchievements...
SAP plans voluntary buyouts or job changes for 8,000 employees as part of a 2024 restructuring program but says its headcount should remain the same
Jordan Novet / CNBC :
An interview with Asana CEO Dustin Moskovitz, who became Asana's majority owner after a post-listing share buying spree, on AI's risks as a philanthropy focus
Jordan Novet / CNBC : Twitter: @mukund Twitter: Mukund Mohan / @mukund : Even after rallying 66% this year, Asana $ASAN shares are more than 80% below their record high from late 2021. https://www.cn...
Texas Instruments names COO Haviv Ilan as its next CEO, starting on April 1, replacing Rich Templeton, who was CEO for 19 years and will remain company chairman
Jordan Novet / CNBC : Tweets: @matt_cochrane7 Tweets: Matthew Cochrane / @matt_cochrane7 : “The best measure to judge a company's performance over time is growth of free cash flow per share, and we b...
California's pay transparency law came into effect this week revealing some Big Tech salaries including $253K-$327K for a software engineering director at Meta
just what it “reasonably expects,” which is a little vague. https://leginfo.legislature.ca.gov/ ... https://twitter.com/... @susannavogel1 : another day, another very useful salary range. this one fro...
Remote work and tech layoffs hollow out San Francisco, where only 43.1% of workers are back at offices, compared to LA's 46.1%, NYC's 47.6%, and Austin's 62.7%
Bloomberg : Tweets: @carnage4life , @stevecase , @emrosenberg , @romyvarghese , and @jordannovet Tweets: @carnage4life : San Francisco faces a $728M budget shortfall as layoffs and WFH means downtown...