Business- Page 11

April 1, 2026

Oracle Confirms Massive Layoffs: 30,000 Employees Let Go in AI-Focused Restructuring

To reallocate resources toward artificial intelligence infrastructure, Oracle has begun laying off approximately 30,000 employees globally. The tech giant initiated the job cuts on March 31, 2026, notifying affected staff via early-morning

Business·HR in Tech

March 15, 2026

Meta’s Next “Year of Efficiency”: Another Massive Tech Layoff Wave

In Silicon Valley, layoffs used to signal trouble. Today, they often signal transformation. Reports suggest that Meta could be preparing another major restructuring, potentially affecting more than 20% of its workforce, around

Business

February 9, 2026

Tremend Joins €290M European Commission Framework Powering the Next Wave of EU Digital Transformation

When the European Commission invests in the future of its digital backbone, it does so carefully and at scale. The recent award of the MAIA Lot 6 Framework Contract by the Directorate-General

OpenAI fired Co-Founder and CEO Sam Altman Amidst Allegations of Deception to Board

“Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities,”

November 18, 2023

Business

The head of OpenAI is aiming to develop superintelligence, and he needs money to do that

Financial Times reports that OpenAI intends to seek additional financial support from its major investor, Microsoft, as CEO Sam Altman advances his vision to create artificial general intelligence, aiming for computer software

November 15, 2023

Business

ANAF Released the Guidelines for IT Sector Salaries Taxation

In a recent development, Romania’s National Agency for Fiscal Administration (ANAF) has published a guide outlining new methodologies for taxing salaries in the Information Technology (IT) sector. This guide references changes in

November 15, 2023

Business

Continental Announces Major Job Cuts in Automotive Division

German car parts manufacturer Continental has announced a significant reduction in its workforce as part of a comprehensive plan to bolster financial efficiency. The company aims to cut jobs worldwide in its

November 14, 2023

Business

The Lowest Cost of Living in the EU – Romania’s Economic Edge

In the first half of the year, Romania stands out with the lowest cost of living among EU member states, recording a score of 38.4. Surpassing countries like Bulgaria (40.3) and even

November 10, 2023

Business

Breaking Boundaries: European AI Startup Secures €500 Million Funding

Significant milestone for the European tech scene, Aleph Alpha, a German startup aiming to establish a European alternative to American AI giants like OpenAI and Google, has secured a whopping €500 million (approximately

November 6, 2023

Business

iPhones made in India are set to dominate the top 20% of global shipments according to Ming-Chi Kuo

Ming-Chi Kuo, one of the most reputable Apple analysts from TF International Securities stated that, under favourable conditions, Apple plans to increase the proportion of iPhones manufactured in India to represent 20%

November 2, 2023

Business

Romania’s Shift in Taxation for IT Professionals: How About Its Impact?

It is undeniable that the IT sector has revolutionized our world, driving innovation, growth, and employment across the globe. In Romania, IT professionals, especially those who are in the senior level or

November 1, 2023

Business

What is Influence Engineering?

It’s not just about being popular or having a large social media following anymore; it’s about harnessing that influence to achieve specific goals. This evolving field is known as Influence Engineering, and

October 30, 2023

Business

Banca Transilvania Integrates Microsoft Azure OpenAI into Customer Communication

Banca Transilvania, in collaboration with Microsoft, is bringing artificial intelligence into online communication by launching the AI Search feature on the Întreb BT platform. This feature is based on Microsoft Azure OpenAI

October 30, 2023

Business

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Business- Page 11

Oracle Confirms Massive Layoffs: 30,000 Employees Let Go in AI-Focused Restructuring

Meta’s Next “Year of Efficiency”: Another Massive Tech Layoff Wave

Tremend Joins €290M European Commission Framework Powering the Next Wave of EU Digital Transformation

OpenAI fired Co-Founder and CEO Sam Altman Amidst Allegations of Deception to Board

The head of OpenAI is aiming to develop superintelligence, and he needs money to do that

ANAF Released the Guidelines for IT Sector Salaries Taxation

Continental Announces Major Job Cuts in Automotive Division

The Lowest Cost of Living in the EU – Romania’s Economic Edge

Breaking Boundaries: European AI Startup Secures €500 Million Funding

iPhones made in India are set to dominate the top 20% of global shipments according to Ming-Chi Kuo

Romania’s Shift in Taxation for IT Professionals: How About Its Impact?

What is Influence Engineering?

Banca Transilvania Integrates Microsoft Azure OpenAI into Customer Communication

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TSMC Is Already Planning for 1nm. The Race Just Got Longer.

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