MSFT Plans First Voluntary Buyout In 51-Year History; Gates Foundation To Slash 20% Of Staff Summary: First CNBC reports MSFT's first-ever Voluntary Buyout in 51-Year Company History, Then a report by BBG on Meta planning 10% Workforce Cut, All Within Hours To note : Reuters First reported Meta's 10% cut late last week ( report ) Meta Layoffs First, Microsoft unveiled a voluntary buyout program, a...
MSFT Plans First Voluntary Buyout In 51-Year History; Gates Foundation To Slash 20% Of Staff Summary: First CNBC reports MSFT's first-ever Voluntary Buyout in 51-Year Company History, Then a report by BBG on Meta planning 10% Workforce Cut, All Within Hours To note : Reuters First reported Meta's 10% cut late last week ( report ) Meta Layoffs First, Microsoft unveiled a voluntary buyout program, a move that could incentivize thousands of employees to leave. Now, Meta Platforms has reportedly followed with plans to cut 10% of its workforce. Taken together, today's back-to-back announcements suggest that as Big Tech continues to spend aggressively on AI infrastructure and data center buildouts, management teams are trimming excess fat to reallocate capital toward the AI race. Bloomberg reports that Meta plans to reduce its workforce by 10%, or roughly 8,000 employees, and leave 6,000 open roles unfilled. The layoffs are expected to occur on May 20. Meta had nearly 79,000 employees at the end of last year, according to Bloomberg data. The outlet cited an internal memo written by Janelle Gale, chief people officer, in which she said, "We're doing this as part of our continued effort to run the company more efficiently and to allow us to offset other investments we're making." Meta shares are flat on the year but in-line in seasonal trends. "I know this is unwelcome news , and confirming it puts everyone in an uneasy state, but we feel this is the best path forward, given the circumstances," Gale wrote. Reuters first reported last week that Meta planned to cut 10% of its workforce ( read here ). MSFT Plans First Voluntary Buyout In 51-Year History; Gates Foundation To Slash 20% Of Staff Until early April, Microsoft shares were on track for their worst start to a year in Bloomberg data going back to 1997. Then, in late March, The Information reported that the tech giant had imposed a hiring freeze across parts of its cloud and sales divisions. Now, in yet another sign of ...
CBRE Group CEO Robert Sulentic says he is bullish on long-term growth across New York City. Speaking with Norah Mulinda on Bloomberg Television, Sulentic also says CBRE will become "net winners" thanks to AI. (Source: Bloomberg)
CBRE Group CEO Robert Sulentic says he is bullish on long-term growth across New York City. Speaking with Norah Mulinda on Bloomberg Television, Sulentic also says CBRE will become "net winners" thanks to AI. (Source: Bloomberg)
In this article TXN NVDA Follow your favorite stocks CREATE FREE ACCOUNT Haviv Ilan, president and chief executive officer of Texas Instruments (TI), speaks during a ribbon-cutting ceremony for the grand opening of Texas Instruments' (TI) new semiconductor wafer plant in Sherman, Texas, US, on Wednesday, Dec. 17, 2025. Desiree Rios | Bloomberg | Getty Images Texas Instruments headed for its best d...
In this article TXN NVDA Follow your favorite stocks CREATE FREE ACCOUNT Haviv Ilan, president and chief executive officer of Texas Instruments (TI), speaks during a ribbon-cutting ceremony for the grand opening of Texas Instruments' (TI) new semiconductor wafer plant in Sherman, Texas, US, on Wednesday, Dec. 17, 2025. Desiree Rios | Bloomberg | Getty Images Texas Instruments headed for its best day on Wall Street since 2000 after the chipmaker reported better-than-expected quarterly results and gave upbeat guidance due to high demand for its analog chips that are crucial for the AI data center buildout. Shares of Texas Instruments soared 18% on Thursday and are trading at a record, up about 60% for the year. For the first quarter, Texas Instruments reported revenue growth of 19% to $4.83 billion, topping the $4.53 billion average analyst estimate, according to LSEG. Earnings per share of $1.68 also beat estimates, as analysts on average predicted EPS of $1.27. Texas Instruments said revenue in the second quarter will be between $5 billion and $5.4 billion, representing growth of 17% at the midpoint. EPS will be between $1.77 and $2.05, the company said. CEO Haviv Ilan said on the earnings call late Wednesday that revenue in the company's data center segment increased around 90% from a year ago. The industrial unit was up 30%. With hyperscalers like Meta and Amazon building data centers at a dizzying pace, Texas Instruments is a major beneficiary. "We are prepared," Ilan said. "If the market wants to grow at the same rate as Q1, we mentioned 19% year over year, we are ready. If it wants to accelerate, we are ready as well." Although Texas Instruments doesn't make the most advanced processors, like those from Nvidia and Advanced Micro Devices , its analog chips perform essential tasks such as regulating power and converting signals from the real world into data needed for other chips to execute more complex jobs. Apple is among its biggest customers. Tim Cook, Apple'...
Justin Paget/DigitalVision via Getty Images Spain, long an economic laggard, has emerged as one of Europe’s growth engines in recent years, with tourism playing a key role. I covered the iShares MSCI Spain ETF ( EWP ) back in January, and since then EWP is up about 4.5%, edging out the S&P 500 (~4%) in that same time period. Unfortunately, however, I suspect that Spain will face headwinds this sum...
Justin Paget/DigitalVision via Getty Images Spain, long an economic laggard, has emerged as one of Europe’s growth engines in recent years, with tourism playing a key role. I covered the iShares MSCI Spain ETF ( EWP ) back in January, and since then EWP is up about 4.5%, edging out the S&P 500 (~4%) in that same time period. Unfortunately, however, I suspect that Spain will face headwinds this summer, as I believe vacationing will cool off amid surging fuel prices, rising costs of living, and weakening consumer sentiments. I believe this tourism cool-off will be broad, geographically speaking, although value-oriented countries and regions may take less of a hit. With that in mind, I am downgrading my rating for EWP to a hold. EWP and Tourism First, I should note that EWP doesn’t hold a large amount of hospitality or leisure stocks. Finance, utilities, and industrials actually make up most of the portfolio. You might wonder then why I am focusing on tourism while analyzing EWP. My reasoning breaks down to some key points: Roughly 13% of employment in Spain is related to tourism. If tourism cools and unemployment rises, consumption overall will cool, and people may fall behind on loans, credit cards, etc., thus hurting the finance sector. Roughly 20% of businesses in Spain are tied to tourism (ibid.). Business loans, business consumption, utility usage, etc., could all decline substantially. Construction and government spending on infrastructure could decline, dragging down the economy and hitting firms like Ferrovial SE ( FER ). Amadeus IT Group, S.A. ( AMADF ), makes up about 4% of EWP. While this is a technology firm, it focuses heavily on tourism. A global tourism slump would have an especially outsized impact on this company. All in all, tourism accounts for about 13% of Spain’s GDP . If the tourism sector does take a hit this summer, it’ll have a broad impact on Spain’s economy, and that will all but inevitably show up in stock markets. As such, while EWP is not...
Investing.com -- Meta Platforms Inc. plans to cut 10% of its workforce, or roughly 8,000 employees, in an effort to boost efficiency and offset heavy spending on artificial intelligence, according to a Bloomberg report on Thursday.
Investing.com -- Meta Platforms Inc. plans to cut 10% of its workforce, or roughly 8,000 employees, in an effort to boost efficiency and offset heavy spending on artificial intelligence, according to a Bloomberg report on Thursday.
New Zealand all-rounder Suzie Bates will retire from international cricket after this year's Women's T20 World Cup, ending an illustrious 20-year career.
New Zealand all-rounder Suzie Bates will retire from international cricket after this year's Women's T20 World Cup, ending an illustrious 20-year career.
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. At Navios Maritime Partners, a filing with the SEC revealed that on Tuesday, See R
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. At Navios Maritime Partners, a filing with the SEC revealed that on Tuesday, See R