Month: April 2020
TripAdvisor will cut almost 25% of its workforce as the travel industry languishes
In a blog post, TripAdvisor CEO and co-founder Stephen Kaufer announced that the company would be reducing its workforce in light of the pandemic, which has wrought particular havoc on the travel industry. The layoffs will reduce the company by 900 employees—nearly a quarter of its workforce. Of the cuts,…
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AMD’s quarterly profits sink, and it expects weakened demand throughout 2020
AMD posted its Q1 2020 financial results, and quarter-to-quarter revenue is down by 16 percent. Its quarterly operating income also took a dive, as revenue slowed and R&D costs went up. On the bright side, it shared that its $1.79 billion year-to-year revenue is up 40 percent compared to this…
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Ford postpones autonomous vehicle service until 2022
Ford said Tuesday it will delay plans to launch an autonomous vehicle service to 2022, as the COVID-19 pandemic has prompted the company to rethink its go-to-market strategy. The news was shared as part of Ford’s quarterly earnings which was released after market closed Tuesday. Ford is a bit different…
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Zetta Venture Partners’ Jocelyn Goldfein chats about AI investing
Earlier this month, href=”https://www.zettavp.com/”>Zetta Venture Partners, a B2B, AI-focused venture outfit, announced a new $180 million fund. As new VC funds are anecdotally a bit thinner on the ground these days — and because we’re in the midst of economic upheaval, which is changing investing patterns and shaking up startup…
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iRobot’s Terra lawnmower will not launch in 2020, as company ‘reprioritizes’
In its quarterly earnings today, iRobot announced an indefinite delay of its lawnmowing robot, Terra. The Roomba maker has abandoned plans to launch to the long-awaited home robot in 2020. No surprise, the company says fallout from the COVID-19 pandemic is to blame for the uncertainty. More specifically, it blames…
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Google saw huge jumps in search usage and app downloads in March
Google parent company Alphabet just announced its financial results for the first quarter of 2020, and not surprisingly the global COVID-19 pandemic had an effect. Alphabet and Google CEO Sundar Pichai called it a “tale of two quarters” on the earnin… Source
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