CNN — Yahoo said Thursday that it will cut 20% of its total workforce by the end of this year as it restructures its advertising unit, just the latest example of the layoffs spreading throughout the tech and media industries. A Yahoo spokesperson told CNN that the company’s legacy ad tech division, Yahoo for Business, will be overhauled and transformed into a new division called Yahoo Advertising. As part of that change, Yahoo plans to cut nearly 50% of the division this year, “including nearly 1,000 employees this week,” the spokesperson said. “These decisions are never easy, but we believe these changes will simplify and strengthen our advertising business for the long run, while enabling Yahoo to deliver better value to our customers and partners,” the spokesperson said in a statement. Axios, which was first to report the news, said the job cuts will impact more than 1,600 people in total. Yahoo did not immediately respond to a request for comment on the matter. Yahoo CEO Jim Lanzone told Axios in an interview that these changes will be “tremendously beneficial for the profitability of Yahoo overall,” and will allow the company “to go on offense” and invest more in […]

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Kotler said that every significant move the state makes will also be scrutinized by foreign investors. The logo of Bank Hapoalim, Israel’s biggest bank, is seen at their main branch in Tel Aviv, Israel July 18, 2016. Dov Kotler, Bank HaPoalim CEO, warned of the consequences of the proposed judicial reforms on the business market in a viral social media post late last month. Kotler said that every significant move the state makes will also be scrutinized by foreign investors . Yes, Israeli citizens own lots of property and companies, but these are also owned by important foreign investors. Over 50,000 people viewed the post, which received hundreds of comments. He warned about the business consequences that may follow the proposed reform and the impact of developments regarding the "legal revolution" on the largest bank in Israel, whose branches are spread all over the country. In the post, Kotler called not to take unilateral measures and explained his position in detail. He stated that he thought it was appropriate to write a personal post, both as a citizen and as a CEO who manages thousands of employees. Kotler said he heads an organization where partnership is a central value […]

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A new BJ’s Wholesale Club will open next week in Davenport, just west of ChampionsGate in the 100-acre Posner Park mixed-use development. Peter Frangie , vice president for corporate communications for Marlborough, Massachusetts-based BJ’s Wholesale Club Holdings Inc. (NYSE: BJ), confirmed to Orlando Business Journal the new store will open Friday, Feb. 17 and will employ 150 workers. Why this matters: In addition to the jobs the new BJ’s Wholesale Club location has created, its opening may drive additional foot traffic and attract further investment to the area around Posner Park and ChampionsGate. BJ Wholesale Club’s job listings online currently reveal at least two positions for opticians the popular wholesaler still is looking to fill at the new Davenport location which, at 6360 Grandview Parkway, fronts Interstate 4 near its interchange with U.S. 27 in Orlando’s Four Corners region. BJ’s Wholesale Club Inc. bought the 11-acre property $5 million in April 2022 from City Center Property Holdings LLC, an entity related to Stamford, Connecticut-based Westport Capital Partners LLC, Polk County records show. The Davenport store joins a new BJ’s in McDonough, Georgia, outside of Atlanta, in opening this month, and the wholesale club will open its first Tennessee store […]

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Automated Control Concepts appoints Michael Stephens as Executive Vice President Sales & Business Development – Manufacturing Digital Transformation in a strategic hire to support an increase in demand for the company’s digital transformation solutions. NEPTUNE, N.J., Jan. 19, 2023 /PRNewswire-PRWeb/ — Automated Control Concepts (ACC) , a provider of digital transformation solutions and consulting services to life sciences and manufacturing companies, today announced the strategic hire of Michael Stephens as Executive Vice President Sales & Business Development – Manufacturing Digital Transformation. Working together with ACC’s executive team, Stephens will focus on business development and strategy for ACC’s digital transformation and smart factory solutions for the manufacturing industry. Based out of California, Stephens will support the company’s growing client base across the U.S. and globally in manufacturing intelligence solutions. "Mike’s depth of experience, approach to solving operational problems and history of successfully leading his customers on their digital transformation journey aligns perfectly with ACC’s vision to enable our customers’ success by using technology and data," said Kevin Hannigan, CEO of Automated Control Concepts. "I’m excited to see Mike’s thought leadership help sharpen the focus of our team to deliver exceptional solutions to our customers." With more than three decades of […]

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With AWS as its preferred cloud provider, global insurance leader will use AWS capabilities and the AWS Europe (Zurich) Region to speed innovation and meet regulatory and security requirements SEATTLE–(BUSINESS WIRE)– Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Zurich Insurance Group (Zurich), a leading multi-line insurer providing property, casualty, and life insurance solutions globally, is moving its enterprise information technology (IT) infrastructure to AWS. Zurich will use AWS’s reliable global infrastructure, advanced analytics, and machine learning technologies to deliver new digital customer experiences and drive automation at scale, in support of its worldwide digital strategy. As part of the multiyear strategic collaboration, Zurich will move 1,000 applications to AWS by 2025, including core insurance and SAP workloads. Zurich will move its critical applications to AWS, simplifying, modernizing, and automating the company’s infrastructure. This approach will provide flexible and scalable application environments, enabling agile product development. Using Amazon Relational Database Service (Amazon RDS), Amazon Aurora (AWS’s fully managed MySQL and PostgreSQL-compatible relational database built for the cloud), and AWS App Runner (AWS’s service to quickly deploy containerized web applications and APIs), Zurich will develop and bring new products to market quicker, saving approximately $30 […]

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Noventiq’s purpose-built unified collaboration and communication platform sets it apart from its competitors, with superior design, latency, reliability, governance model and cost savings SAN ANTONIO, Feb. 8, 2023 /PRNewswire/ — Frost & Sullivan recently researched the collaboration services market, and, based on its analysis results, recognizes Noventiq (formerly Softline) with the 2022 Latin America Product Leadership Award. Noventiq, the London-headquartered leading digital transformation and cybersecurity solutions and services provider for emerging markets, is one of Microsoft’s top global partners, empowering customers to measure and manage their voice with specificity and granular detail through continuous innovation and leadership. Hosted on Microsoft Azure, TOTAL VOICE uses a single, centralized telecommunications infrastructure to achieve significant cost savings, deliver latency and reliability, and address the challenge of cloud communications. Continue Reading Noventiq Noventiq’s TOTAL VOICE uses real-time communication protocols for customer-facing and back-end connections. The solution is compatible with digital, analog, or IP telephony and can be used with any system that combines these technologies. It also supports operations with any blend of trunking devices, such as network border controllers and gateways from diverse manufacturers, enabling routing and cost-tracking across any company’s network. The solution allows organizations to make automated routing decisions on […]

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SAN DIEGO, Feb. 08, 2023 (GLOBE NEWSWIRE) — Faro Health Inc. , a cloud-computing company that is developing digital infrastructure for smart clinical trials, today announced $20 million in additional funding. The round was led by global venture capital firm General Catalyst with participation from previous investors Section 32 , Polaris Partners , Zetta Ventures , and Northpond Ventures . General Catalyst Partner Elena Viboch will join Faro’s Board of Directors. Designing and executing clinical trials has become increasingly complex. However, the tools to support these studies have not kept up. Protocols are still drafted as long-form documents and authors have no tools to evaluate their complexity or burden on patients. At the same time, the number of endpoints measured in a clinical study has grown by 27% over the past decade and patients are asked to undergo 44% more assessments, which can range from written data collection to a blood draw. This growth also shows no signs of slowing down. Existing tools for clinical study protocol development have not evolved to handle the growing complexity of the study data required to support market access, and there are no tools to support rapid translation of a protocol into the […]

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The construction and infrastructure sector has undergone a significant transformation recently, with the COVID-19 pandemic accelerating the pace of digitalisation in the industry By 2030, digitalisation will have driven a surge in construction growth, with companies seeing increased efficiency, improved productivity, and enhanced safety. We will explore some critical technological innovations that will transform the construction industry. However, some challenges are also to be aware of, such as investing in new software and hardware and ensuring that suitable security measures are in place. Build Warranty has set its sights on being the leading digital insurer in the construction warranty market, to align itself with the digital advancements in the construction Industry. Build Warranty Group have made extensive investment in its IT department and the creation of its own `LDI Tech’ platform. It offers advanced technical auditing features for surveyors with client and partner Apps for enhanced user engagement. It is expected other providers will follow suit as the construction industry continues embracing digital transformation in the coming years. Digital Transformation in Construction: An Overview Digital Transformation in Construction refers to integrating digital technologies into the design, planning, construction, and maintenance of buildings and infrastructure. It involves the use of […]

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Although over a century old, the Tillamook County Creamery Association is staying on the cutting edge with the help of RSM. The companies have partnered to help the farmer-owned cooperative accelerate its digital transformation and streamline its back-end operations. Travis Pierce, Director of Information Technology, Tillamook “We chose RSM because of their dairy industry knowledge and tools that focused on the dairy industry,” said Travis Pierce, Tillamook’s Director of Information Technology. “They hit the ground running and already spoke our language, which really minimized the learning curve. And the RSM dairy accelerator makes Microsoft D365 a truly comprehensive ERP solution for the dairy industry.” Through this partnership, Tillamook has been able to respond quickly to recent challenges like the COVID-19 pandemic, a release explained. The dairy cooperative has even been able to connect with more customers and consumers nationally with the support of a heavily customized system created by RSM that improved its access to information for decisions and inventory visibility. This enabled Tillamook to cost-effectively fulfill demand on a nationwide scale, even during demand volatility. RSM and Tillamook have partnered to help the farmer-owned cooperative accelerate its digital transformation and streamline its back-end operations Tillamook initially partnered with […]

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Cuhaci Peterson, a nationally recognized firm of architects, engineers and designers, has taken its commitment to implementing a complete digital transformation to the next level with promotions of Joshua Inman and Patrick Gibson. MAITLAND, Fla., Feb. 9, 2023 /PRNewswire-PRWeb/ — Cuhaci Peterson, a nationally recognized firm of architects, engineers and designers, has taken its commitment to implementing a complete digital transformation to the next level with promotions of Joshua Inman and Patrick Gibson. Inman will take the title of Chief Operating Officer while Gibson will serve as the firm’s new Director of Marketing and Communications. Inman began his career at CP in 2003 and has held numerous roles in the firm, including project architect and project manager for the firm’s restaurant and food service programs. In his latest role, Inman served as the firm’s Director of Operations, leading digital system upgrades to set CP up for future success. As COO, Inman will shift focus to operational efficiency. He will be accountable for all production operations, including evaluating and updating business procedures to align with the firm’s strategic future. "I look forward to serving our teams while enhancing the opportunities before us to transform our operations for long-term, continued success," […]

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