Tag Archives: lead tech

Microsoft, HP Boost Tech Layoffs As Economy Adds Jobs

U.S. tech company job cuts rose by 68% in the first half of 2014 and Microsoft’s (MSFT) big layoffs announced this month ensure that 2014’s tech job losses will exceed last year’s, consultant Challenger, Gray & Christmas said Monday. The tally is ironic, given the overall job growth in the economy, including in technology. “Oddly, the rise in technology sector job cuts is occurring at a time when the economy is finally starting to regain some of

Expedia, Priceline Upping The Ante In China, Asia

It’s often hard to tell what key players will do in today’s fast-changing online travel markets, but one trend is clear: Big U.S. online travel agencies like Expedia and Priceline are keen on expanding in China and Asia-Pacific. Both Expedia (EXPE) and Priceline Group (PCLN) have redoubled efforts in the region in the past year or so. They’re focusing on pacts with local partners, as well as acquisitions, as they battle local rivals and one

China Internet Kingpins Jockey For Leadership

A recent rumor about Ctrip buying Expedia’s eLong is part of a trend that finds China’s big Internet companies looking for acquisitions. China e-commerce leaders Tencent and Alibaba are among the companies hitting the acquisition trail, with China’s business circles rife with unconfirmed reports about deals real or imagined. Alibaba is under the magnifying glass as its U.S. IPO nears. Tencent recently said it plans to take a 19.9% stake in 58.com