Tag: Tech

IT company CWG Plc eyes East Africa, Middle East expansion
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IT company CWG Plc eyes East Africa, Middle East expansion

Nigerian IT services giant CWG Plc is set to expand its operations into East Africa and the Middle East after posting its first billion-naira profit in over a decade, the company announced this week. The 32-year-old tech firm, which already operates in Nigeria, Ghana, Uganda, and Cameroon, reported a 428% surge in profit to ₦3.04 […]

Cyber firm CrowdStrike to fire 500 employees, cut costs
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Cyber firm CrowdStrike to fire 500 employees, cut costs

Cybersecurity firm CrowdStrike announced plans on Wednesday to lay off approximately 500 employees—about 5% of its global workforce—to streamline operations and cut costs. The announcement came as the company reaffirmed its fiscal 2026 first-quarter and full-year financial forecasts. The job cuts are expected to cost CrowdStrike between $36 million and $53 million, primarily in severance […]

IBM to invest $150bn in US amid push for domestic manufacturing
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IBM to invest $150bn in US amid push for domestic manufacturing

IBM announced on Monday that it will invest $150 billion in the United States over the next five years, with part of the funding earmarked for expanding facilities dedicated to quantum computer production. The move aligns with a broader trend of American technology companies backing the Trump administration’s push for increased domestic manufacturing. The announcement […]

IBM shares slide nearly 7% after federal contract suspensions
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IBM shares slide nearly 7% after federal contract suspensions

Shares of International Business Machines Corp. tumbled nearly 7% in early trading on Thursday after the tech giant revealed that several United States federal contracts had been suspended, casting fresh doubts over its consulting business amid an increasingly uncertain economic environment. IBM disclosed that 15 of its government contracts—worth approximately $100 million—had been shelved due […]

Linktree unveils new monetization tools to help creators boost income
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Linktree unveils new monetization tools to help creators boost income

Link-in-bio platform Linktree is expanding far beyond simple link aggregation with the launch of a robust suite of monetization tools designed to help creators earn directly through the platform. The update includes options to sell online courses, offer digital products, earn brand commissions, and display sponsored links—all aimed at turning Linktree profiles into powerful revenue […]

Fireflies launches over 200 AI mini apps to boost team productivity
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Fireflies launches over 200 AI mini apps to boost team productivity

AI-driven note-taking platform backed by Khosla Ventures, Fireflies.ai, the has rolled out more than 200 specialized “mini apps” aimed at helping professionals extract meaningful insights from meeting transcripts instantly. These domain-specific tools are designed to serve roles across sales, marketing, recruiting, operations, and customer support. The launch comes as competition intensifies in the meeting intelligence […]

Substack introduces video feed to challenge TikTok
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Substack introduces video feed to challenge TikTok

Newsletter platform Substack is doubling down on video content with the launch of a scrollable video feed in its app, positioning itself among platforms embracing short-form video. The announcement comes amid growing uncertainty about TikTok’s future in the U.S., potentially opening opportunities for alternative platforms to capture audiences. The rollout follows Substack’s recent move to […]

Tech giant Oracle faces scrutiny over handling of data breaches
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Tech giant Oracle faces scrutiny over handling of data breaches

Tech giant Oracle is under fire for its response to two separate data breaches, one of which remains ongoing despite the company’s denial of any security compromise. The second breach involves a cybersecurity incident affecting patient data under its healthcare subsidiary, Oracle Health. The latest reported breach involves Oracle Health, a division formed after Oracle’s […]

Dropbox faces investor pressure to end founder control
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Dropbox faces investor pressure to end founder control

Cloud storage provider Dropbox is under pressure from activist investor Half Moon Capital to eliminate its dual-class share structure, which grants CEO and co-founder Drew Houston a voting supermajority, according to a report by The Wall Street Journal on Monday. Half Moon Capital, a small hedge fund, has criticized Dropbox’s slowing revenue growth and its […]

Yahoo sells TechCrunch to media investment firm Regent
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Yahoo sells TechCrunch to media investment firm Regent

Yahoo has reached an agreement to sell its long-standing technology news website, TechCrunch, to media investment firm Regent, the companies announced on Friday. TechCrunch, a widely recognized platform covering global tech companies, startups, and entrepreneurs, was originally part of the media assets owned by Verizon Communications. In 2021, private equity firm Apollo Global Management acquired […]

Michael Seibel steps back from Y Combinator after 12 years
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Michael Seibel steps back from Y Combinator after 12 years

Y Combinator co-founder, Michael Seibel announced late Wednesday on X that he is transitioning to a “partner emeritus” role, marking the end of his 12-year tenure at the renowned startup accelerator. Y Combinator CEO Garry Tan confirmed the news in a company blog post, reflecting on Seibel’s deep ties with YC. Seibel first joined the […]

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