5 major tech companies that announced massive layoffs for 2022
Like most businesses, technology companies have been affected by the global economic crisis this year, which many experts attribute to the impact of COVID 19 and the Russian-Ukraine war. This has resulted in significant industry-wide layoffs, with 1138 tech companies globally firing 182,605 employees as…
Eskom in South Africa says police are looking into the alleged poisoning of its CEO
Eskom, a South African power company, announced on Sunday that police were looking into possible attempts to poison its departing CEO, Andre de Ruyter. After failing to resolve a crisis in the organization that resulted in record numbers of power outages in Africa’s most industrialized…
Chinese billionaire Jack Ma will give up ownership of Ant Group
The Chinese fintech giant will no longer be under the control of Ant Group founder Jack Ma after the company’s shareholders approved a series of changes that will see him give up the majority of his voting rights, the company said on Saturday. The move…
Salesforce wants to reduce expenses by $3 to $5 billion – Fortune
Salesforce Inc (CRM.N), a provider of cloud-based software, said this week that it would like to cut costs by $3 billion to $5 billion, according to an audio recording of a meeting cited by Fortune. Following a pandemic of rapid hiring that left it with…
As sales decline, Tesla lowers prices in China and other Asian markets
For the second time in less than three months, Tesla lowered prices in China on Friday, fueling predictions of a wider price war amid weaker demand in the largest auto market in the world. In an effort to increase demand for the output from its Shanghai…
Tesla would benefit if Elon Musk left Twitter, according to Gene Munster of Loup
According to Loup’s Gene Munster, Elon Musk’s resignation as CEO of Twitter would increase Tesla stock because investors want Musk to concentrate more on the manufacturer of electric vehicles. “Despite all of Elon Musk’s shortcomings, investors just want him to be more involved with Tesla,…
Gambia: Strategic collaboration between Huawei and Monty Mobile begins with Comium
Monty Mobile, a fast-growing global telecommunications company that offers innovative technology and communication solutions, joined forces with Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, to improve the network of Comium, a Gambian GSM-certified mobile operator, with new…
Konica Minolta opens an Innovation Center in South Africa
Long gone are the days when there was only one way to print for everyone. Today, businesses in all fields want custom solutions for their printing, production, digital office, and document management needs. And Konica Minolta is still one of the best commercial service companies…
South Sudan’s Liquid Technologies Rebrands
Cassava Technologies’ pan-African technology company, Liquid Telecom South Sudan, has changed its name to Liquid Intelligent Technologies South Sudan. This shows that it has become a one-stop-shop for businesses and consumers in South Sudan. The rebranding also shows that Liquid is adding new business services…
Amazon will invest $5 billion to improve Thailand’s cloud infrastructure
The cloud computing arm of Amazon.com Inc (AMZN.O), Amazon Web Services (AWS), announced on Monday that it will strengthen Thailand’s infrastructure over the next 15 years by investing $5 billion there. According to a statement from AWS, the investment would go toward building data centers…