Alphabet announces 12,000 job cuts

Published

4 months ago

January 20, 2023

editor

Google’s parent company Alphabet will cut 12,000 jobs, in the latest staff redundancies to hit the tech industry.

Google and Alphabet CEO Sundar Pichai said he took “full responsibility” for the cuts, in an internal email.

The cuts will affect 6% of Alphabet’s workforce worldwide, in teams including recruitment and engineering.

This comes days after Microsoft announced 10,000 jobs would be lost, and weeks after Amazon announced 18,000 job cuts.

Mr Pichai thanked staff for “working so hard” in their roles, adding that their “contributions have been invaluable”.

He wrote: “While this transition won’t be easy, we’re going to support employees as they look for their next opportunity.

“Until then, please take good care of yourselves as you absorb this difficult news. As part of that, if you are just starting your work day, please feel free to work from home today.”

According to a recent filing with Companies House, Google has more than 5,500 staff in the UK. But it is unclear how many of these will be affected by the cuts.

Urea price to drop in mid June

Published

6 hours ago

May 31, 2023

editor

The price of Urea fertilizer is to be reduced.

According to Minister of Agriculture Mahinda Amaraweera, the price of a 50kg Urea fertilizer bag sold to farmers by the two state-owned fertilizer companies will be priced at Rs. 9,000 from June 15.

“A bag of urea is sold by the private sector at Rs. 42,000 during the last yala season, has now been brought down by the private sector to Rs. 11,000. The reason for this was that the government took steps to provide a bag of urea to the farmers at a minimum price of Rs. 10,000,” the minister said.

BIZ

CBSL names 8 entities that conducted prohibited schemes

Published

9 hours ago

May 31, 2023

editor

The Central Bank of Sri Lanka (CBSL) has issued a public notice naming 08 entities that have conducted prohibited schemes.

The entities named are :

Tiens Lanka Health Care (Pvt) Ltd.
Best Life International (Pvt) Ltd.
Global Lifestyle Lanka (Pvt) Ltd.
Mark-Wo International (Pvt) Ltd.
V M L International (Pvt) Ltd.
Fast 3Cycle International (Pvt) Ltd (F3C)
Sport Chain App, Sports Chain ZS Society Sri Lanka
OnmaxDT

The CBSL further stated that any person who directly or indirectly initiates, offers, promotes, advertises, conducts, nances, manages or directs a scheme in contravention of the provisions of Section 83C of the Banking Act, No. 30 of 1988 shall be guilty of a punishable offence.

The complete public notice issued by the CBSL in this regard is as follows :

BIZ

DLB ticket prices to be doubled!

Published

2 days ago

May 30, 2023

editor

The prices of Development Lotteries Board (DLB) tickets will soon be doubled following the approval received from the Ministry, DLB Chairman Ajith Gunaratne Naragala said.

He said this during the Gampaha district sales representative meeting of the series of district sales representative meetings being held under the ‘Sanwardhana Abhiman 2023’ programme at the Katunayake Eagle Lagoon Hotel premises yesterday (29).

“With the social and economic setback we suffered along with the covid-19 pandemic, all the businesses in the country were severely affected. Even amidst such an unprecedented economic and political crisis, our sales representatives worked hard to protect the development lottery business.”

“The sales representatives who have been with the DLB for 40 years are engaged in a great service on behalf of the country and the people.”

“In 2022, the DLB recorded a record income of 19 billion rupees. We have given 10 billion rupees to the people and 3 billion rupees to the government as taxes.”

“The daily sale of development lottery tickets of 2.2 million rupees has increased to 3.6 million rupees today. We have decided to make a stronger contribution to the President’s Fund and the Mahapola Trust Fund,” he said.