Reuters Technology Roundup

"Cisco to lay off thousands more in second job cut this year."

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Russ Roberts (https://hawaiisciencejournal.blogspot.com).

 

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Cisco to lay off thousands more in second job cut this year, sources say  Cisco will cut thousands of jobs in a second round of layoffs this year as the U.S. networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said.

Russian users report glitches with secure messenger app Signal  Hundreds of Signal users in Russia on Friday reported glitches with the messenger app, a secure communications tool used by up to a million Russians to encrypt messages and conversations.

India's Ola Electric surges 20% on debut on EV optimism  Ola Electric Mobility's shares surged 20% on their trading debut in Mumbai on Friday, valuing the company at $4.8 billion, as investors bet on increasing adoption of electric vehicles in the world's largest market for two-wheelers.

ByteDance to seek refinancing of $5 bln loan, Bloomberg News reports  Tiktok-owner Bytedance is preparing to refinance a $5 billion loan by another three years, Bloomberg news reported on Friday, citing people familiar with the matter.

Microsoft researchers report Iran hackers targeting US officials before election  Microsoft researchers said on Friday that Iran government-tied hackers tried breaking into the account of a "high ranking official" on the U.S. presidential campaign in June, weeks after breaching the account of a county-level U.S. official.

Moody's downgrades Intel's senior unsecured rating  Moody's downgraded Intel's senior unsecured rating on Thursday to BAA1 from its earlier A3 rating, citing concerns about the chipmaker's profitability.

Delta rejects CrowdStrike criticism, sees $500 mln hit from cyber outage  Delta Air Lines said on Thursday it is pursuing legal claims against CrowdStrike and Microsoft after a global outage last month caused mass flight cancellations, disrupting travel plans of 1.3 million customers and costing it at least $500 million.

DXC Technology forecasts Q2 revenue above estimates on demand for cloud services  DXC Technology forecast second-quarter revenue above Wall Street estimates on Thursday, driven by steady demand for its cloud-based services from businesses looking to incorporate AI features.

Expedia beats second-quarter profit estimates on sustained international travel demand  Online travel agency Expedia beat analysts' expectations on Thursday for second-quarter profit, helped by sustained demand for international travel, sending its shares up 7% after the bell.

Trade Desk forecasts quarterly revenue above estimates on strong ad demand  The Trade Desk forecast third-quarter revenue above analysts' estimates on Thursday, signaling strong demand for automated ad-buying technologies from connected TV companies, sending the ad tech firm's shares up 5% in extended trading.

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