Etsy: Online marketplace lays off 11% of staff to cut costs
CEO Josh Silverman tells staff the cuts are needed as sales have been “essentially flat” for two years.
CEO Josh Silverman tells staff the cuts are needed as sales have been “essentially flat” for two years.
The founder of Nikola Corp. was sentenced Monday to four years in prison for his conviction for exaggerating claims about his company’s production of zero-emission 18-wheel trucks, causing investors to lose hundreds of thousands of dollars. Trevor Milton learned his fate in Manhattan federal court when Judge Edgardo Ramos announced the sentence, saying he believed…
Updated Jan. 3, 2024 1:42 pm ET Xerox Holdings said it would reduce its workforce by 15% and shake up its leadership team as it reorganizes its operating model. The printer maker said Wednesday that it had formed a global business-services unit as it aims to stabilize its core print business. Xerox also plans to…
Top Microsoft executives have reportedly debated whether to shutter a controversial artificial intelligence lab in Beijing – as the company’s cozy ties with China raise alarm bells on Capitol Hill. As The Post reported last month, prominent US lawmakers warned Microsoft that its ongoing work in China poses a potential national security risk after company…
Updated Jan. 7, 2024 12:01 am ET SINGAPORE—After U.S. regulations barred Nvidia from selling its high-performance artificial-intelligence chips to China in October, the company’s engineers quickly designed a new lineup to comply with the tightened rules. The U.S. tech company may have found some wiggle room, but it faces a bigger problem: Chinese cloud companies—some…
An entirely new form of cancer treatment has been discovered that could possibly eradicate tumors and act as a possible alternative to chemotherapy. Scientists at Rice University in Texas called the method a “new generation” of molecular machines, known as “molecular jackhammers” (MJH). It occurs by using a cyanine dye, similar to those used in medical imaging,…
After years of secrecy, the B-21 Raider emerged from its Palmdale hangar Friday morning and took its first flight, soaring through the sky and giving plane enthusiasts, contractor employees and the public its first glimpse of the futuristic-looking bomber in air. The B-21 bomber, which is being built by Northrop Grumman Corp., took off from…