Workday to Lay Off Roughly 400 Customer Support Staff

SaaS provider says layoffs target non-revenue roles as it retools priorities, with costs weighing heavily on near-term financial results.
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CNBC Daily Open: Alphabet could more than double its capex in 2026, unsettling investors

Alphabet expects capital expenditure for 2026 to come in between $175 billion and $185 billion — at the higher end, capex will more than double from last year.

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China’s EV slowdown persists as BYD posts near two-year low in sales

At least six major Chinese electric car brands reported a sharp sales drop in January from December, according to CNBC’s analysis.

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U.S. proposes critical minerals trade bloc aimed at countering China’s grip

The U.S. is mobilizing allies into a preferential trade bloc for critical minerals as part of efforts to counter China’s dominance in the market.

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China’s Hong Kong-listed tech stocks enter bear market as tax and AI fears take hold

Chinese technology stocks have slid into bear market territory, marking a sharp reversal from last year’s rally.

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Sony profit jumps 22% in December quarter, beating expectations and lifting full-year outlook

Sony posted a stronger-than-expected rebound in operating profit for the December quarter and lifted its full-year forecast.

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Shares of Arm plunge 8% after licensing revenue misses estimates, Qualcomm outlook adds pressure

Shares of UK-based semiconductor designer Arm Holdings fell in aftermarket trading, despite the company posting record revenues amid AI demand.

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CNBC Daily Open: Alphabet capex plans spook investors, while AMD has a brutal day in markets

Alphabet expects capital expenditure for 2026 to come in between $175 billion and $185 billion — at the higher end, capex will more than double from last year.

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Alphabet resets the bar for AI infrastructure spending

The search giant’s proposed capex spend for 2026 exceeds that of its hyperscalers peers.

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US pitches plan to counter China’s dominance of critical mineral supply

An event was attended by representatives of at least 50 countries, the White House said.

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