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Alphabet-owned Google plans to reorganize a big part of its 30,000-person ad sales unit, The Information reported on Tuesday, citing a person with knowledge of the situation. Sean Downey, who oversees ad sales to big customers in the Americas, said at a department-wide meeting last week that Google plans to restructure its ad sales teams without specifying whether the move would include layoffs, according to the report. Google intended to consolidate staff, including through possible layoffs, by reassigning employees at its large customer sales unit who oversee relationships with major advertisers, the report said, citing another person briefed on Google's plans . The planned reorganization comes as Google is relying more on machine-learning techniques to help customers buy more ads on its search engine, YouTube and other services, the report added. Google did not immediately respond to Reuters request for a comment. In January this year, Alphabet announced ...

US Technology giants are likely to post their strongest quarterly revenue growth in at least a year as their legacy Business es stabilized, but investors looking for signs of a boost from artificial intelligence (AI) may be disappointed. Microsoft, Google-parent Alphabet, Facebook-parent Meta Platforms and Amazon are expected to have built on the recovery in their enterprise software and digital ads Business es as professional and consumer spending stayed resilient despite an uncertain global economy. The quartet's shares have rallied -- between Microsoft's 36% and Meta's 157% -- this year, boosting their combined market value to over $6 trillion and lifting the benchmark S&P 500 index. "After a year where enterprise spend was held down by concerns about the economy, we're heading into a year where those concerns are slowly subsiding, making for a more stable spending environment in enterprise software and advertising," said Gil Luria, senio...

Apple Inc's results beat expectations on Thursday, showing off the tech giant's resilience in a slowing global economy thanks to better-than-expected iPhone sales and notable inroads in India and other newer markets. Shares of the largest US company by market value rose 2% after Apple exceeded Wall Street's expectations for revenue and profit for the April 1 quarter. The company's results contrast with disappointing figures out of big chipmakers due to a slower-than-expected rebound in China's economic growth. Apple executives on Thursday said gross profit margins for the current quarter would be better than forecast despite an expected dip in revenue as supply-chain issues have improved. Apple said sales for its fiscal second quarter ended April 1 fell 2.5% to $94.8 billion, ahead of expectations for a 4.4% decline, according to Refinitiv data. Profit was flat at $1.52 per share, compared with estimates of $1.43 per share. IPhone sales were up 1.5% t...