Technology News

SpaceX to lay off 10 percent of workforce

(Reuters) - Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday. The company said it will “part ways” with some of its manpower, citing “extraordinarily difficult challenges ahead.” “To continue delivering for our customers and to succeed in developing interplanetary spacecraft and a global space-based Internet, S...

12 Jan 2:45 PM 0 Read More...

India's online sellers to appeal against competition commission's Flipkart ruling

MUMBAI (Reuters) - A group representing online sellers in India will appeal against the Competition Commision of India’s (CCI’s) ruling in favour of Walmart-owned Flipkart, the group’s lawyer Chanakya Basa said in a release on Saturday. All India Online Vendors Association (AIOVA), which represents more than 3,500 online sellers, had complained that Flipkart was using its dominant position to favour select sell...

12 Jan 9:36 AM 0 Read More...

SpaceX to layoff 10 percent of workforce

(Reuters) - Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday. The company said it will “part ways” with some of its manpower, citing “extraordinarily difficult challenges ahead.” “To continue delivering for our customers and to succeed in developing interplanetary spacecraft and a global space-based Internet, S...

12 Jan 2:01 AM 0 Read More...

Apple demanded $1 billion for chance to win iPhone: Qualcomm CEO

SAN JOSE, California (Reuters) - Qualcomm sought to become the sole supplier of modem chips for Apple’s iPhone to recoup a $1-billion “incentive payment” that Apple insisted on, not to block rivals from the market, Qualcomm’s chief executive testified on Friday. The payment from Qualcomm to Apple - part of a 2011 deal between Apple and Qualcomm - was meant to ease the technical costs of swapping out the iPhon...

12 Jan 1:58 AM 0 Read More...

SpaceX to lay off about 10 percent of its workforce: source

(Reuters) - Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday. The company said it will “part ways” with some of its manpower, citing “extraordinarily difficult challenges ahead.” “To continue delivering for our customers and to succeed in developing interplanetary spacecraft and a global space-based Internet, S...

12 Jan 1:01 AM 0 Read More...

Huawei Canada executive leaves post as scrutiny of company grows

NEW YORK/OTTAWA (Reuters) - One of Huawei Canada’s top executives on Friday disclosed he was leaving his post after more than seven years with the Chinese telecommunications equipment maker, which is facing heightened scrutiny over security issues from Canada and its allies. Scott Bradley disclosed his departure as the company’s senior vice president for corporate affairs in a post on LinkedIn that did not give a...

11 Jan 10:54 PM 0 Read More...

Apple considered Samsung, MediaTek to supply 5G modems for 2019 iPhones

(Reuters) - Apple Inc considered tapping Samsung Electronics Co Ltd and MediaTek Inc along with existing vendor Intel Corp to supply modem chips for 2019 iPhones, according to an Apple executive’s testimony at the trial between Qualcomm Inc and the U.S. Federal Trade Commission on Friday. Apple for years relied on San Diego-based Qualcomm as the sole supplier of such chips, which help iPhones connect to wireless ne...

11 Jan 7:39 PM 0 Read More...

Slack 'seriously' considering direct market listing: source

(Reuters) - Slack Technologies Inc is “seriously” considering making its stock exchange debut through a direct listing, a source familiar with the matter told Reuters on Friday. The Wall Street Journal reported on.wsj.com/2CfAYGp earlier in the day that Slack, which operates a popular workplace instant-messaging and collaboration app, is likely to debut in the second quarter and currently expects to do so via a d...

11 Jan 7:16 PM 0 Read More...

Slack 'seriously considering' direct market listing: source

(Reuters) - Slack Technologies Inc is “seriously” considering making its stock exchange debut through a direct listing, a source familiar with the matter told Reuters on Friday. The Wall Street Journal reported reported earlier in the day that Slack, which operates a popular workplace instant-messaging and collaboration app, is likely to debut in the second quarter and currently expects to do so via a direct list...

11 Jan 2:26 PM 0 Read More...

Accenture CEO steps down due to health reasons

(Reuters) - Accenture Plc’s Chief Executive Officer Pierre Nanterme is stepping down due to health reasons, the consulting and outsourcing company said on Friday. Chief Financial Officer David Rowland will serve as the interim CEO, Accenture said in a statement. Nanterme, who took the helm in January 2011, was diagnosed with colon cancer in 2016. Rowland will be replaced by KC McClure, who currently heads Accenture...

11 Jan 1:24 PM 0 Read More...