Discord cuts 17% of workforce, joining growing list tech companies downsizing to start 2024

Discord cuts 17% of workforce, joining growing list tech companies downsizing to start 2024

The Discord app is seen on an iPhone in this photo illustration in Warsaw, Poland on April 3, 2021. Jaap Arriens | NurPhoto | Getty Images Discord will lay off 17% of the company’s workforce, which equates to 170 employees, a spokesperson confirmed on Thursday. The company, which provides a popular messaging service used by…

Bitcoin mining stocks tumble after the cryptocurrency briefly touches $49,000

Bitcoin mining stocks tumble after the cryptocurrency briefly touches $49,000

Bloomberg | Bloomberg | Getty Images Bitcoin miners fell Thursday, giving back earlier gains, as the price of the cryptocurrency retreated in volatile trading following the U.S. Securities and Exchange Commission’s approval of the first U.S. spot bitcoin exchange-traded funds. The two biggest mining stocks, Marathon Digital and Riot Platforms, lost 12% and 15%, respectively. Iris Energy fell 6% and CleanSpark…

Microsoft briefly tops Apple as most valuable public company

Microsoft briefly tops Apple as most valuable public company

Apple CEO Tim Cook, left, and Microsoft CEO Satya Nadella. Reuters Microsoft on Thursday briefly yanked the title of most valuable publicly traded company from Apple in early trading. But Apple returned to the top spot at market close. The development follows a series of obstacles Apple has encountered at the start of the year….

Google cuts hundreds of jobs across engineering, hardware teams

Google cuts hundreds of jobs across engineering, hardware teams

The Google headquarters in Mountain View, California, Jan. 30, 2023. Marlena Sloss | Bloomberg | Getty Images Google cut several hundred jobs across the company late Wednesday night as it continues to push for efficiency and focus on its “biggest product priorities,” a spokesperson confirmed to CNBC. The layoffs will impact employees within Google’s hardware…

Bitcoin rallies to 2-year high of $49,000 then fizzles as crypto ETFs debut

Bitcoin rallies to 2-year high of $49,000 then fizzles as crypto ETFs debut

Bitcoin rose in volatile trading Thursday after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected. The cryptocurrency was last up 1% at $46,289.15, according to Coin Metrics. Earlier, it punched above $49,000, reaching levels not seen since December 2021. Meanwhile, the…

Microsoft briefly outshines Apple as world’s most valuable company

Microsoft briefly outshines Apple as world’s most valuable company

Microsoft, Google integrate AI into products Microsoft, Google integrating more AI into products 03:20 Microsoft briefly dethroned Apple as the world’s most valuable company, as its foray into generative AI continues to push up its stock price. The software giant’s stock on Thursday jumped as much as 2%, putting the firm’s market valuations at $2.903…

Google Cloud launches new generative AI tools for retailers

Google Cloud launches new generative AI tools for retailers

Sopa Images | Lightrocket | Getty Images Google launched several new tools for retailers using generative artificial intelligence to improve online shopping experiences and other retail operations, its cloud business announced in a release Thursday.  The suite of new products includes a generative AI-powered chatbot that retailers can use on websites and mobile apps. The…

Amazon’s Audible unit lays off about 5% of staff

Amazon’s Audible unit lays off about 5% of staff

Amazon‘s Audible division is cutting approximately 5% of its staff in an effort to position the unit “for continued success,” the executive overseeing the division told employees Thursday. “We did not take this route without considerable thought,” Audible CEO Bob Carrigan wrote in a memo to staffers that was viewed by CNBC. “But getting leaner…