| Atlassian CEO Cites AI Shift When Announcing Plan To Shed 1,600 Jobs Mar 12th 2026, 16:00 by BeauHD An anonymous reader quotes a report from Bloomberg: Atlassian plans to cut 1,600 jobs or a 10th of its global workforce, joining rivals in slashing staffing to cope with the advent of AI and a broader post-Covid industry slowdown. Australian billionaire founder Mike Cannon-Brookes explained the reductions in a staff memo, while also announcing his chief technology officer was leaving the Sydney-based company. "It would be disingenuous to pretend AI doesn't change the mix of skills we need or the number of roles required in certain areas," Cannon-Brookes said. "It does." Read more of this story at Slashdot. | | Strait of Hormuz Closure Triggers Work From Home, 4-Day Weeks In Asia Mar 12th 2026, 15:00 by BeauHD Asian governments are implementing emergency measures like four-day workweeks and work-from-home mandates to cope with a fuel shortage triggered by the Iran conflict and the closure of the Strait of Hormuz. "Asia is particularly dependent on oil exports from the Middle East; Japan and South Korea respectively source 90% and 70% of their oil from the region," notes Fortune. From the report: On March 10, Thailand ordered civil servants to take the stairs rather than the elevator, and to work-from-home for the duration of the crisis. It increased the air-conditioning temperature to 27 degrees Celsius, and will tell government employees to wear short-sleeved shirts over suits. (Thailand has about 95 days of energy reserves left, according to Reuters). Vietnam also called on businesses to let people work-from-home to "reduce the need for travel and transportation." The Philippines is pushing for a four-day work week, and has ordered officials to limit travel "to essential functions only." South Asia is getting hit hard too. Bangladesh brought forward the Eid-al-fitr holiday, allowing universities to close early in a bid to save fuel. Pakistan also instituted a four-day week for government offices and closed schools. India suspended shipments of liquefied petroleum gas to commercial operators to prioritize supplies for households, leading to worries from hotels and restaurants that they may be forced to close without fuel supplies. Countries across the region are also considering price caps, subsidies, and tapping strategic oil reserves. On Wednesday, the International Energy Agency "unanimously" agreed to release 400 million barrels of oil and refined products from its reserves. The Associated Press offers a look at the energy supplies that countries hold and when they tap them.   Read more of this story at Slashdot. | | Reducing Europe's Nuclear Energy Sector Was 'Strategic Mistake', EU Chief Says Mar 12th 2026, 14:00 by BeauHD An anonymous reader quotes a report from Reuters: Reducing Europe's nuclear energy sector was a "strategic mistake," European Commission chief Ursula von der Leyen said on Tuesday, as governments grapple with an energy crunch from the Iran war. Europe produced around a third of electricity from nuclear power in 1990 but that has fallen to 15%, she told an event in Paris, leaving it reliant on oil and gas imports whose prices have surged in recent days. Being "completely dependent on expensive and volatile imports" of fossil fuels puts Europe at a disadvantage to other regions, von der Leyen said in a speech. "This reduction in the share of nuclear was a choice. I believe that it was a strategic mistake for Europe to turn its back on a reliable, affordable source of low-emissions power." The report notes that the EU does not directly fund nuclear energy projects because all 27 member states have not unanimously supported the technology. However, von der Leyen said the Commission plans to provide a 200-million-euro guarantee from the EU's carbon market to help attract private investment in innovative nuclear technologies. Read more of this story at Slashdot. | | Only Half of Americans Went To a Movie Theater In 2025, Study Finds Mar 12th 2026, 11:00 by BeauHD A Pew Research Center survey found that only 53% of U.S. adults went to a movie theater in the past year, while 7% said they've never seen a movie in a theater at all. "The findings reflected a domestic box office still fighting to regain its footing since the COVID-19 pandemic, when ticket sales collapsed 81% in 2020 due to theater closures," reports Variety. From the report: In 2025, moviegoers in the U.S. and Canada bought 769.2 million tickets, less than half of the all-time peak of roughly 1.6 billion tickets sold in 2002, according to data from Nash Information Services. However, an August 2025 study field by NRG/National Research Group showed that 77% of Americans ages 12-74 went to see at least one movie in a theater in the previous 12 months. Box office revenue peaked at an inflation-adjusted $16.4 billion in 2002, and annual ticket revenue held relatively steady through the 2000s and 2010s before falling to under $3 billion in 2020 when theaters closed for months. Last year, U.S. theaters sold just over $9 billion worth of tickets, per media analytics firm Comscore. The number represents a recovery, but nowhere near a full one, as ticket sales have been lagging around 20% below pre-pandemic levels. Read more of this story at Slashdot. | | GFiber and Astound Broadband To Join Forces Mar 12th 2026, 07:00 by BeauHD GFiber (a.k.a. Google Fiber) and Astound Broadband announced that they plan to merge into a deal backed by infrastructure investor Stonepeak Infrastructure Partners. The resulting company will be majority owned by Stonepeak, with Alphabet becoming a "significant minority shareholder." Light Reading reports: Stonepeak Infrastructure Partners teamed with Patriot Media to acquire Astound in November 2020 for $8.1 billion. Stonepeak is Astound's largest investor. The deal is expected to close in the fourth quarter of 2026. The combined business will be led by the existing GFiber executive team. GFiber is currently led by CEO Dinni Jain. Jain, a former Time Warner Cable and Insight Communications exec, took the helm of what was then called Google Fiber in 2018. "This agreement advances GFiber's mission of redefining internet connectivity and represents a major step toward its goal of operational and financial independence," the companies said. "GFiber will have the external capital and strategic focus needed to accelerate its next phase of growth, expanding its customer-first approach and pioneering fiber technology across the country." GFiber's combination with Astound represents "a strategic opportunity to scale our customer-focused approach to connect more households to a truly different type of internet service," Jain said in a statement. Read more of this story at Slashdot. | |
Comments
Post a Comment