Topic: cost cutting
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Galaxy S26 Reportedly Loses Camera Upgrade to Cut Costs
Samsung's Galaxy S26 series will reportedly reuse the same 50MP main, 10MP telephoto, and 12MP ultrawide camera system from its predecessors, marking the fifth year with this hardware. This decision is attributed to cost-saving measures, driven by competitive pricing pressure after Apple chose no...
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Amazon Lays Off 14,000, Citing AI as Key Factor
Amazon is cutting 14,000 corporate jobs to streamline operations and invest in automation and AI as key growth drivers. The layoffs aim to reduce bureaucracy and redirect resources toward high-priority initiatives, with affected employees having 90 days to find new roles internally. This restruct...
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Microsoft's Xbox Price Hikes, Studio Closures Driven by Profit Goals
Microsoft's Xbox division is implementing price increases, studio shutdowns, and layoffs to meet a new corporate mandate for a 30% profit margin, set by CFO Amy Hood in late 2023. This target is significantly higher than the industry's typical 17-22% margin and more than double Xbox's 12% margin ...
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Why 'Hold Forever' Investors Are Buying Venture Capital Zombies
A new type of investor is acquiring "venture capital zombies"—stalled startups—by purchasing them cheaply, implementing operational improvements, and holding them long-term to generate steady cash flow rather than seeking quick exits. Firms like Bending Spoons and Curious specialize in revitalizi...
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Alphabet Shifts Focus to AI, Shuts Down Verily Medical Devices
Verily, Alphabet's life sciences division, is discontinuing its medical devices program and reducing staff to focus more on artificial intelligence and data infrastructure. This strategic pivot is part of Alphabet's broader effort to streamline operations and invest in high-growth areas, followin...
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Google Weather App for Android is Being Discontinued
Google is discontinuing its standalone Android Weather app, redirecting users to a Google Search results page for forecasts as part of a broader effort to streamline services. The change consolidates weather information into Search, offering core data like temperature and forecasts with minimal p...
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Intel Stock Dips as Panther Lake CPU Lineup Reportedly Leaks
Intel's stock declined slightly despite a leak revealing details of up to 12 Panther Lake processors, reflecting investor concerns over the company's competitive challenges in the semiconductor sector. The leaked specifications include unusual naming conventions and a downgrade in integrated grap...
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Elon Musk's xAI Offers Grok to U.S. Government for 42 Cents
Elon Musk's xAI will provide its Grok AI chatbot to U.S. government agencies for just 42 cents through an 18-month agreement, directly competing with other AI firms charging one dollar annually. The unusually low price may reference Musk's affinity for the number 420 or a nod to "The Hitchhiker's...
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