Opinion: Zuckerberg and Intel are shipping the proceeds of their layoffs straight to Wall Street

For years, Wall Street has complained about Silicon Valley’s refusal to pay dividends and buy back shares as tech companies become cash-generating machines. That’s no longer a problem, even though these tech companies are generating less profit than they did in previous years. In fact, some tech companies are essentially paying off Wall Street even … Read more

FedEx lays off more than 10% of its executives

fedex Corp. FDX 4.47% lays off more than 10% of its global management staff as the delivery company faces a slowdown in shipments. In an email to staff on Wednesday, Chief Executive Raj Subramaniam said the company was reducing the size of its executive and director ranks and consolidating certain teams and functions. The company … Read more