Latest news with #Investopedia
Yahoo
20 hours ago
- Business
- Yahoo
Big Layoffs Keep Coming as the Remaking of Intel Rolls On
More layoffs are coming at Intel, the latest Big Tech company to make big cuts in its staff. The American chip giant on Thursday afternoon said in a letter from CEO Lip-Bu Tan, published online in concert with the company's latest financial results, that it plans to end the year with a workforce of around 75,000 after "workforce reductions and attrition,' cutting jobs by about 15%. That would mark a substantial year-over-year reduction from the nearly 10,000 employees Intel (INTC) reported at the end of 2024. Several large U.S. tech firms have taken similar steps in recent months as they've sought to cut costs, sustain profits and restructure operations: Microsoft (MSFT) in early July confirmed plans for thousands of layoffs, while Google parent Alphabet (GOOGL) was making buyout offers last month. "We are making hard but necessary decisions to streamline the organization, drive greater efficiency and increase accountability at every level of the company," Tan wrote Thursday. The company as it has sought to turn around its business and revitalize interest in its stock has taken on staffing as well as strategic questions. Earlier this year it said it expected hybrid employees to be on site at least four days a week by Sept. 1, a move Tan said today was "on track." And job cuts that happened in Q2, Tan wrote, reduced "the number of management layers by about 50%." "All of this is designed to drive organizational effectiveness and transform our culture," Tan wrote. Shares of Intel edged about 1% higher in after-hours trading. Read Investopedia's full coverage of today's trading here. Read the original article on Investopedia
Yahoo
20 hours ago
- Business
- Yahoo
Big Layoffs Keep Coming as the Remaking of Intel Rolls On
More layoffs are coming at Intel, the latest Big Tech company to make big cuts in its staff. The American chip giant on Thursday afternoon said in a letter from CEO Lip-Bu Tan, published online in concert with the company's latest financial results, that it plans to end the year with a workforce of around 75,000 after "workforce reductions and attrition,' cutting jobs by about 15%. That would mark a substantial year-over-year reduction from the nearly 10,000 employees Intel (INTC) reported at the end of 2024. Several large U.S. tech firms have taken similar steps in recent months as they've sought to cut costs, sustain profits and restructure operations: Microsoft (MSFT) in early July confirmed plans for thousands of layoffs, while Google parent Alphabet (GOOGL) was making buyout offers last month. "We are making hard but necessary decisions to streamline the organization, drive greater efficiency and increase accountability at every level of the company," Tan wrote Thursday. The company as it has sought to turn around its business and revitalize interest in its stock has taken on staffing as well as strategic questions. Earlier this year it said it expected hybrid employees to be on site at least four days a week by Sept. 1, a move Tan said today was "on track." And job cuts that happened in Q2, Tan wrote, reduced "the number of management layers by about 50%." "All of this is designed to drive organizational effectiveness and transform our culture," Tan wrote. Shares of Intel edged about 1% higher in after-hours trading. Read Investopedia's full coverage of today's trading here. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Elon Musk Says He's Bringing Back Vine. Here's What It's All About.
Elon Musk has a talent for attracting social-media attention. Can he do the same for a now-defunct, once-popular social video app? We may find out. On Thursday morning, the Tesla (TSLA) CEO and tech stalwart posted on X that "We're bringing back Vine, but in AI form." That eight-word post—he has yet to elaborate—kicked off a whirlwind of speculation. The post generated thousands of interactions on X and likely contributed to gyrations in the price of memecoin Vine (VINEUSD). It wasn't immediately clear what might happen next with Vine, the six-second video app that was discontinued in January 2017, or what "AI form" might mean. X did not respond to Investopedia's requests for further details about Vine, which then-Jack Dorsey-owned Twitter acquired in October 2012 for a reported $30 million only months after its founding. The looped short-video app showed promise, but Twitter in 2016 said it would be discontinued amid a broader restructuring. While no official explanation was provided, the shutdown was attributed to the rise of rival social media platforms Instagram and Snapchat, which at the time was amassing users while Twitter was stalling. "We didn't build the right features in time" and "didn't help creators monetize," Vine co-founder Rus Yusupov said in 2022." Musk has floated a Vine revival before. Days after he finalized his Twitter takeover in 2022, he launched a "Bring back Vine?" poll that garnered overwhelming affirmation. Axios reported that Musk's team was "working to reboot Vine" by the end of that year. And Musk earlier this year said he was "looking into" bringing back Vine as a TikTok ban was slated to take effect. Vine, which had over 200 million active users at its peak, would if revived compete with other now-established looped-video offerings—among them TikTok and Meta Platforms' (META) Reels—to say nothing of the rest of the industry leaders. That said, Musk does have a knack for throwing people for a loop. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
American's CEO Says The Airline Won't Use AI to 'Bait and Switch' Ticket Shoppers
American Airlines wants you to know they aren't using AI in ways they say amount to "tricking" customers who are searching for tickets. CEO Robert Isom on a conference call Thursday said American Airlines Group (AAL) will use artificial intelligence to operate more efficiently and showcase amenities to customers. But "some of the things I've heard are just not good," he said in response to a question about using AI to help determine ticket pricing. 'Consumers need to know that they can trust American, okay? This is not about bait and switch. This is not about tricking,' Isom said, according to a transcript made available by AlphaSense. 'Others that talk about using AI in that way—I don't think it's appropriate.' Neither Isom nor the reporter who raised the question named Delta Air Lines (DAL), but the comparison seemed inescapable. Delta has said it would increasingly use AI to identify the highest prices it can charge without losing sales, according to President Glen Hauenstein, citing "amazingly favorable" results. The carrier plans to deploy technology offered by Israeli company Fetcherr on 20% of domestic flights by the end of the year, Hauenstein said this month. "There is no fare product Delta has ever used, is testing, or plans to use that targets customers with individualized offers based on personal information or otherwise.," Delta spokesman Andrew Post told Investopedia. "A variety of market forces drive the dynamic pricing model that's been used in the global industry for decades, with new tech simply streamlining this process." AI aside, the airlines are adopting similar strategies. American, like Delta, is prioritizing the higher income customers who tend to buy premium tickets amid sluggish main cabin sales. American plans to increase its premium capacity by 50% over the next five years and expand its international service, Isom said. Meanwhile, the carrier is reducing domestic capacity. American shares were recently down 8%, and have lost about one-third of their value so far this year. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
a day ago
- Automotive
- USA Today
Google Maps vs. Waze vs. Apple Maps: Which navigation app is best for driving in 2025?
Which app should you choose to get you to your next destination? Navigation apps get drivers to their destinations highlighting alternative routes, disruptions, speed limits, and other useful information. These apps can be integrated into the infotainment screens of your vehicle using Apple CarPlay or Android Auto, allowing for user-friendly navigation in vehicles. Android users can choose between Google Maps and Waze, while Apple users have a third option: Apple Maps. How do the three types of navigation systems compare and is there a definitive better option? Google Maps is the most popular navigation app Google's navigation web mapping service launched in February 2005 as a desktop solution to "get people from point A to point B," according to a post from Google's The Keyword blog. Two decades later, it's now the most popular navigation app in the world. Google Maps went mobile in 2007. In 2009, the app offered turn-by-turn navigation, completely changing the game. Google launched offline maps in 2015, making turn-by-turn directions accessible even without an internet connection. Google Maps was downloaded over 21 million times in 2023, according to a study by Statista. The web-based mapping service helps millions of people travel via bus, train, car, or on foot every day. Waze is a community-driven navigation app Over 9 million users downloaded the Waze app in the U.S. back in 2023, according to Statista. Waze was created in 2008 and sold to Google in 2013, said Investopedia. The navigation app sources real-time data from its community to update drivers on speed traps, accidents, and more. The app also allows drivers to store contacts and keep tabs on other users in their vicinity. It's more social than other navigation apps like Google Maps and Apple Maps because it creates a sense of community among drivers looking to avoid obstacles on their journeys. Additionally, Waze allows users to plan their drives monitoring traffic and estimated arrival times. This feature can help drivers save some time and avoid sitting in traffic. Apple Maps: The native navigation app of America's best-selling smartphone Apple Maps was later to the game than both Google Maps and Waze, released in 2012 as a part of Apple's iOS 6. The first iteration featured 3D maps, turn-by-turn navigation, and support from Siri, Apple's virtual assistant. It was initially met with some skepticism due to software bugs. In 2020, Apple redesigned its Maps app to include more advanced features. Today, the application has a loyal following of millions of die-hard iPhone fans. Which navigation app is better for drivers? American computer magazine PC Mag called Google Maps the "best overall" navigation app in 2024. That said, the magazine acknowledges Waze as the best navigation app for daily driving. While every driver may have a favorite navigation app, it can be helpful to have multiple options downloaded on your device. Each popular navigation app has its own unique quirks. The navigation app that's native to your device may provide the best user experience, but it doesn't hurt to have an additional navigation app to access different features.
