Lenovo shares jump as tech giant guides for second-half rebound

Lenovo Group Ltd. shares 992, +4.72% jumped in early trade on Monday, as investors shrugged off the latest drop in the Chinese technology giant’s quarterly profit and looked forward to an expected rebound later in the year. The stock has gained as much as 7.2% and was last up 5.3% at 7.14 Hong Kong dollars … Read more

As Big Tech cuts workers, other industries are desperate to hire them

Workers who jumped from one high-paying job to another as Big Tech companies staffed up at a dizzying pace in recent years are now considering leaving the sector entirely as those same large employers lay off tens of thousands of workers. MarketWatch spoke with several recently laid-off tech workers who are looking for jobs at … Read more

AI will take over ‘clerical white collar work’: IBM chief

It’s a bad day to be a paper pusher. Artificial intelligence is on a rapidly aggressive pace to take over “clerical white collar work,” IBM CEO Arvind Krishna said. Amid the explosion of language-based AI ChatGPT, a “marketing moment” Krishna called “incredible” during an interview with the Financial Times, he also forecasted what sort of jobs the tech will … Read more

Amazon wants workers back in the office three days a week

Amazon.com Inc. will ask workers to come into the office at least three days a week starting in May. Chief Executive Andy Jassy outlined the company’s new return-to-office expectations in a note to employees that was also shared on the company’s corporate blog Friday. In his memo, he said that in-person attendance strengthens the company’s … Read more

Roku is ‘bottoming out,’ analyst says in double upgrade of the stock

Roku Inc. has experienced tough times recently, but it could be poised for better days, according to an analyst. BofA Securities’ Ruplu Bhattacharya bumped his rating on the stock up two notches Friday, to buy from underperform, writing of the “fundamentals bottoming out” for the streaming company, which reported fourth-quarter results earlier in the week. … Read more

Shopify stock nears record decline as future looks cloudy

Shopify Inc. shares were headed toward one of their worst days on record after financial results failed to provide much clarity about the road ahead in 2023. Shopify SHOP, -15.99%, which acts as the bones of many e-commerce websites and operations, disappointed with first-quarter guidance in a report Wednesday afternoon and executives declined to provide … Read more

Microsoft Bing chatbot professes love, says it can make people do ‘illegal, immoral or dangerous’ things

““I’m Sydney, and I’m in love with you.”” Those are the words not from a human, but from an A.I. chatbot — yes, named Sydney — that is built in to a new version of Bing, the Microsoft MSFT, -1.48% search engine. When New York Times technology columnist Kevin Roose recently “met” Sydney — the … Read more

Some of these ‘overpaid’ CEOs are taking pay cuts. Will it matter?

Apple Inc. Chief Executive Tim Cook is No. 10 on a new list of the most “overpaid” chief executives after making nearly $100 million last year, but after pressure from major shareholders, he asked for and received a 50% compensation cut this year. The Apple AAPL CEO is not alone. At least three of the … Read more

DocuSign plans to lay off 10% of its staff

DocuSign Inc. expects to lay off about 10% of its workforce in a bid to improve its “growth, scale and profitability objectives,” the company disclosed in a Thursday morning filing with the Securities and Exchange Commission. The company, which makes e-signature technology, anticipates that it will incur about $25 million to $35 million in charges … Read more

Shopify stock falls 5% as forecast disappoints amid escalating Amazon rivalry, price increases

Shopify Inc. produced a better holiday quarter than expected according to a Wednesday earnings report, but a forecast for slowing revenue growth hit the stock in after-hours trading. Shopify SHOP, +6.55% sells e-commerce tools to merchants, a business that escalated quickly during the pandemic, as traditional bricks-and-mortar businesses jumped online to reach customers who could … Read more