Netflix drama: Chief executive Reed Hastings quits as big leadership shake up underway January 20, 2023 Netflix co-founder Reed Hastings has stepped down as chief executive but he is staying with the company as executive chairman. The American businessman said that Greg Peters will step up from COO to join Ted Sarandos as co-CEO of the company. Hastings said he is not ready to leave Netflix entirely but is taking more [...]
Sage’s sales climb to £517m as accountancy software giant sees boom for Cloud and subscription services January 19, 2023 Sage’s profits are on track to meet its 2023 full-year guidance after recurring revenue rose 12 per cent to £517m in the three months ended 31 December. This rise was boosted by a 31 per cent rise in Cloud sales and an 18 per cent hike in software subscription sales, £390m and £422m respectively. Jonathan [...]
A crypto scam nightmare January 19, 2023 People around the world are losing millions through a "pig butchering" scam - but it's got more to do with crypto than it does our porcine pals, writes Elena Siniscalco
Microsoft confirms it will cut 10,000 jobs January 18, 2023 Microsoft will be making 10,000 job cuts by the end of the third quarter of this year, the company said today confirming earlier reports. As incomes at Big Tech firms continue to decline, Microsoft has joined giants like Google and Twitter in laying off staff. Earlier today, Microsoft issued a statement, saying that the staff [...]
Twitter in trouble? Over 500 advertisers quit the platform after Musk takeover January 18, 2023 Over 500 advertisers have reportedly either pulled or paused their presence on Twitter following Elon Musk’s takeover of the website last autumn, according to a report by The Information. Major spenders including General Mills, Pfizer, Audi, Volkswagen and Mondelez are among some of the big names to have stopped advertising on Twitter since Musk’s took [...]
UK’s data watchdog to shift away from big fines to focus on prevention January 18, 2023 The UK’s data watchdog has vowed to shift away from simply hitting companies with big fines for breaching data privacy rules and instead will look to adopt a more preventative approach. John Edwards, head of the Information Commissioner’s Office, said today that he will focus on preventing data breaches from happening in the first place [...]
UK ‘cleantech’ firms set for funding boost amid net zero drive, KPMG predicts January 18, 2023 Venture capital investors are turning their gaze towards the UK’s so-called cleantech sector this year as net zero targets move closer, analysts from KPMG have predicted. Last year, global venture investment slumped by almost a third last year as soaring inflation and sharp rate hikes caused investors to turn off the taps following a funding [...]
Currys’ share price up after ‘better-than-expected’ Christmas trading January 18, 2023 Currys’ share price has spiked more than seven per cent, after it told investors this morning its Christmas profits were better than expected. The technology retailer reported better than forecast profits over the Christmas period, with sales in the UK offsetting a slow down in Scandinavia. The company said UK trade rose in the 10 [...]
Microsoft to cut 11,000 jobs worldwide – reports January 17, 2023 Microsoft is likely to become the latest tech giant to slash thousands of jobs worldwide after reports emerged today. Sources told Sky News’ Mark Kleinman the Seattle-based powerhouse could announce plans to cut five per cent of its global workforce within the next few days. This means that over 11,000 people would be made redundant, [...]
UK data agency plays down privacy risks of connected tech, as demand for Amazon Alexa and Google Nest show consumer trust January 17, 2023 The UK’s data watchdog has played down potential privacy concerns linked to connected technology, arguing that strong demand for devices like the Amazon Alexa and Google Nest suggest British consumers are not that worried. MPs from the Digital, Culture, Media and Sport Committee (DCMS) yesterday quizzed the Information Commissioner’s Office, as well as Amazon and [...]