Tech Industry News
Latest articles and news about Tech Industry on AXL Media.
Latest Articles
- Sony to Implement Regional PlayStation 5 Price Hikes in Singapore Amid Global Economic Pressures
Published: Apr 27, 2026
Section: Asia
Recommended retail prices for PlayStation 5 consoles in Singapore will increase by up to $100 starting May 1, 2026. Sony Interactive Entertainment attributed the adjustment to pers...
- Meta Eliminates Eight Thousand Positions to Reallocate Resources Toward Artificial Intelligence Investments
Published: Apr 24, 2026
Section: Companies & Industry
Meta is reportedly cutting 10% of its global workforce, impacting 8,000 employees as part of a strategic shift toward AI development. The reduction follows a series of previous lay...
- Microsoft Announces Historic Voluntary Retirement Program Impacting Seven Percent of United States Workforce
Published: Apr 24, 2026
Section: Online Gaming
Microsoft has introduced its first voluntary redundancy initiative in over 50 years, offering a retirement package to eligible U.S. staff at senior levels or below. The program, wh...
- Meta Platforms Plans 10% Workforce Reduction to Fund Massive Shift Toward AI Infrastructure
Published: Apr 18, 2026
Section: Companies & Industry
Meta Platforms is reportedly preparing to lay off approximately 8,000 employees in May as part of an aggressive pivot toward artificial intelligence and operational automation. Des...
- OpenAI CEO Sam Altman Files Motion to Dismiss Punitive Damages in Civil Sexual Abuse Lawsuit Filed by Sister
Published: Apr 16, 2026
Section: Companies & Industry
Sam Altman has requested a Missouri federal court to dismiss claims for punitive damages in a lawsuit involving allegations of childhood sexual abuse brought by his sister, Annie A...
- Samsung Matriarch Hong Ra-hee Finalizes 3.1 Trillion Won Share Sale to Settle Inheritance Tax
Published: Apr 10, 2026
Section: Asia
Hong Ra-hee, widow of the late Samsung Chairman Lee Kun-hee, has offloaded a significant stake in Samsung Electronics to fulfill the family’s 12 trillion won inheritance tax obliga...
- Oracle Appoints New CFO With 29.7 Million Dollar Package Following Global Workforce Reduction Of 30,000
Published: Apr 8, 2026
Section: Companies & Industry
Oracle has named Hilary Maxson as Chief Financial Officer, granting her a lucrative compensation deal including a 26 million dollar equity grant and a relocation allowance. The app...
- Global Data Center Expansion Hits Local Resistance in Monterey Park
Published: Apr 6, 2026
Section: AI in Business
The aggressive global push to expand digital infrastructure has encountered a significant roadblock in Southern California, where community opposition is stalling multi-million dol...
- Samsung Electronics Projects Record Profits as Artificial Intelligence Demand Fuels Unprecedented Semiconductor Supercycle
Published: Apr 4, 2026
Section: Asia
Samsung Electronics is expected to report a staggering six fold increase in quarterly operating profit, reaching a record 40.5 trillion won driven by surging memory chip prices. Wh...
- Meta Quest Usage Hits Record Highs In 2025 As Reality Labs Reports Over 100 Titles Surpassing 1 Million Dollars In Revenue
Published: Mar 26, 2026
Section: Online Gaming
Despite a year marked by significant industry layoffs and studio closures, Meta's Reality Labs division reported an all-time high in user engagement for 2025. Data released at the...
- Foxconn Reports Fourth-Quarter Profit Decline as World’s Largest Electronics Maker Misses Market Forecasts
Published: Mar 16, 2026
Section: Asia
Taiwan’s Foxconn, a primary manufacturing partner for Apple and Nvidia, reported a 2.4% drop in net profit for the final quarter of 2025. The results fell significantly short of an...
- Amazon Commits Six Billion Dollars to Polish Infrastructure as European Investment Accelerates
Published: Mar 12, 2026
Section: Europe
Amazon has announced a massive 23 billion zloty investment in Poland scheduled for the 2026–2028 period, significantly expanding its footprint in Central Europe. This new capital i...