The cuts could amount to about 6,000 jobs for the San Jose, Calif., maker of computer networking technology.
Category: Company Reports
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The Big Number: $8.4 Billion
Disney’s weaker-than-expected revenue at its theme park unit.
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Warner Bros. Discovery Takes $9 Billion Write-Down on Cable Networks
David Zaslav, the company’s chief executive, said the accounting change was an acknowledgment of the pressures facing traditional media.
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New York Times Reports 13.6% Jump in Profit
The publisher added about 300,000 digital subscribers in the latest quarter, and now has more than 10.8 million subscribers.
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Disney Parks Struggle, Exposing New Trouble Spot
Companywide profit increased, the result of hit movies and streaming growth. But Disney said softening theme park demand “could impact the next few quarters.”
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Nvidia Shares Tumble After Reports of a Chip Delay
The A.I. chip maker’s shares fell in early trading, but the stock pared some of its losses.
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Berkshire’s Cash Stockpile Soars as It Cuts Its Stake in Apple
The conglomerate reported nearly $277 billion in cash in the second quarter. And while it sold about 390 million shares in Apple, it still owned about 400 million.
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Intel Will Cut More Than 15,000 Jobs
The Silicon Valley chip maker also reported a net loss and declining revenue in the latest quarter.
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Amazon Reports $148 Billion in Second Quarter Sales
The e-commerce giant’s stock dipped about 5 percent in after-hours trading after lower-than-expected guidance.
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45%
Tesla’s drop in profit in the second quarter.
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Tesla and Alphabet Earnings Prompt Big Tech Stock Decline
Disappointing earnings reports from the tech giants dragged the Nasdaq composite down 2.9 percent, amid a shift by investors to stocks of smaller companies.