The development underscores a rising demand for affordable wearables among consumers. In a development that signals a welcome break for wearable devices, wearable device maker Fitbit Inc reported better-than expected first-quarter results reaffirming its full-year revenue forecast. The wearable device maker was able to sell more smartwatches and wearable devices that track health at affordable…
The move is aimed at tweaking CNN’s digital and will entail more funds being sunk into it as well as changes in HR. As per a report from the Wall Street Journal, John Stankey, the AT&T executive who is the CEO of WarnerMedia, plans on revamping CNN’s digital operation, and plans on infusing more money…
The changes are seen as a restructuring of leadership at Project Titan. On Thursday, as per a report from CNBC which cites sources familiar with the matter at hand, Apple Inc has dismissed more than 200 employees from Project Titan, its autonomous vehicle group. The dismissals are seen, internally, as anticipated restructuring under the relatively…
Foxconn has attributed the development as part of its usual adjustments based on global strategy and clients’ needs. In a stock filing, Foxconn Industries, formally known as Hon Hai Precision Industry Co Ltd, stated it was in the process of recruiting more than 50,000 positions across its China campuses for the January-March quarter, midst reports…
Missing revenues forecasts and sales targets is adding pressure to Cupertino’s human resource management strategy for 2019. As per a report from Bloomberg citing sources familiar with the matter at hand, Apple Inc is set to cut hiring for some of its divisions. The development comes in the wake of Apple Inc missing its sales…
The appointment, effective immediately, sees Vishah Shah replacing Adam Mosseri who became Instagram’s head in October 2018. Facebook Inc’s owned photo-sharing app Instagram stated, it has promoted Vishal Shah, its director of product management, as the head of product, effective immediately. The position was earlier held by Adam Mosseri, who was appointed as Instagram’s head…
Imran Khan, Snap Inc’s Chief Strategy Officer is set to step down. His last day of working has yet to be disclosed. On Monday, Snap Inc statement its Chief Strategy Officer, Imran Khan, would be stepping down from the company. Khan became Snap’s Chief Strategy Officer in 2015. His last date of working for Snap…
The development sees Keith Rock, currently Salesforce.com’s COO, joining its board along with Parker Harris, a co-founder who is also its CTO. Salesforce.com Inc, a U.S. sales and marketing software company disclosed, its board has appointed Keith Block, who ic currently its Chief Operating Officer, as its joint-chief executive officer. Since joining Salesforce in 2013,…
Tim Stones had played a key role in integrating Amazon.com’s market shaping acquisition of Whole Foods. Snap Inc, Snapchat’s parent, has disclosed, Tim Stone, the Amazon.com veteran who had led the integration of Amazon.com’s $13.7-billion acquisition with Whole Foods, will replace Andrew Vollero as its chief financial officer (CFO). Stone, 51, is currently vice-president of…
Li Ka Shing, CK Hutchison Holdings Ltd’s chairman, ranked 23 on Forbe’s list and the wealthiest tycoon in Hong Kong, is set to hand over the reins of CK Hutchison Holdings Ltd to his eldest son. Victor Li. On Friday, as per a filing to the Hong Kong stock exchange, Li Ka-shing, Hong Kong’s richest…
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