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    Technology Companies Are Cutting Jobs and Wall Street Likes It

    The sector is laying off workers after a hiring boom during the pandemic and their share prices are soaring. Tech giants like Microsoft have continued to cut jobs, even after carrying out a wave of layoffs last year.Caroline Brehman/EPA, via ShutterstockTech giants are set to report quarterly earnings, starting on Tuesday with Alphabet and Microsoft. Wall Street is expecting good news, including more progress on artificial intelligence.But the industry has also relied on another strategy to improve financials: layoffs. The cuts aren’t as widespread as last year, when hundreds of thousands of jobs were eliminated. But they’re a reminder that the tech sector is still trying to find its footing after a boom in hiring during the coronavirus pandemic and finding ways to preserve dizzying stock gains.About 100 companies have cut 25,000 positions this year, according to Layoffs.fyi. By comparison, more than 1,000 companies eliminated about 260,000 last year.So far this month: Microsoft announced 1,900 cuts in its video game division, including at its recently acquired Activision Blizzard; Google laid off hundreds of employees, including in its engineering ranks and its hardware division; and Amazon said it was laying off hundreds, including 35 percent of the work force at its Twitch unit.Not all layoffs are the same, The Times notes:For big tech companies, job cuts have been a way to reduce spending on noncore operations and extract the kind of cost savings that Wall Street loves. Now, those cuts are more targeted: In the case of Meta, that means reducing the number of middle managers at Instagram.For smaller tech businesses, it’s more a matter of survival. Start-ups have been finding it harder to raise capital as risk-averse venture capitalists keep their wallets closed. In the words of Nabeel Hyatt, a general partner at Spark Capital, these fledgling companies “are just trying to gain runway to survive.”The cuts will probably continue so long as investors love them. Wall Street has rewarded tech companies that laid off thousands with higher stock prices. Meta’s shares have soared since it embarked on a self-described “year of efficiency” last year that has made it a third slimmer employee-wise. Those cost savings, coupled with a redoubled bet on A.I., has helped push the tech giant’s market value to over $1 trillion.And venture capitalists have told DealBook that they’re ready to invest in start-ups — but that it helps if those companies have made themselves leaner. That, the investors say, will enable them to operate better in potentially difficult times.In other layoff news: Some tech workers are filming their layoffs and posting them on social media, in the name of catharsis and transparency.HERE’S WHAT’S HAPPENING Boeing withdraws efforts to expedite safety approval for a version of its 737 Max jet. The aircraft manufacturer revoked an application it made last year seeking an exemption from a safety standard for a version of its 737 Max 7. Separately, Boeing received some good news amid its latest crisis: The European airline Ryanair, one of its biggest customers, said it would buy more planes if U.S. carriers dropped their orders.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Arkansas Authorities Capture Second Escaped Inmate

    Jatonia Bryant, 23, had been held at a jail in Pine Bluff, Ark., on a capital murder charge before he and another inmate fled last week, the authorities said. The other escapee was caught Thursday.The authorities in Arkansas on Monday captured a capital murder suspect who had escaped from a local jail with another inmate, ending a weeklong manhunt.Officers conducting surveillance in Pine Bluff, Ark., just after 11 a.m. saw the suspect, Jatonia Bryant, 23, walking down a street wearing clothes that matched a description that had been provided to the law enforcement authorities and arrested him “without incident,” the Jefferson County Sheriff’s Office said in a news release.Mr. Bryant, who is charged with capital murder in the shooting death of a man last year, and Noah Roush, 22, were discovered missing on Jan. 22 from the W.C. “Dub” Brassell Adult Detention Center in Pine Bluff, roughly 40 miles southeast of Little Rock, after a daring escape that involved bursting through holes they had made in the facility’s ceiling and roof, according to the sheriff’s office.On Thursday, officers caught Mr. Roush near an abandoned home in Pine Bluff where he had reportedly been seen. Mr. Roush had been held at the jail on burglary and theft charges.Mr. Bryant had remained at large, though the authorities expressed confidence last week that he was hiding out somewhere in the city of nearly 40,000 people.Escape charges were pending against both men on Monday, the authorities said.“Our investigators will continue to work bringing criminal charges against all the people who assisted Roush and Bryant in evading apprehension,” read the sheriff’s news release.Jatonia Bryant following his arrest on Monday morning in Pine Bluff, Ark.Captain Yohance Brunson/Jefferson County Sheriff’s OfficeThe authorities also revealed on Monday that Mr. Bryant and Mr. Roush had fled about 36 hours before jail staff members noticed that they were gone because they had earlier failed to take an accurate head count.The Jefferson County sheriff, Lafayette Woods Jr., also suggested that flaws in the design and structure of the jail had allowed the pair to break free, saying that the episode would serve as a “catalyst for further capital improvements” to the jail.Last week, Maj. John Bean, a sheriff’s office spokesman, said that surveillance footage showed the two men had worked together to make a hole in the ceiling above a shower stall and escape.Sheriff Woods added that the facility, which opened in 2007 with 310 beds to alleviate overcrowded jails in the county, faced staffing shortages and was down to 20 guards from a previous high of 48. More

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    NYT Crossword Answers for Jan. 30, 2024

    Freddie Cheng assembles a body of experts.Jump to: Today’s Theme | Tricky CluesTUESDAY PUZZLE — How do you know when you’re doing too much? The question seems to plague New Yorkers more than most other people, if only because they live in a bustling metropolis that compresses their personal and professional lives into a smaller area than that of the average American. But whether we’re city or country folk, our bodies rebel against overexertion — or burnout, as it is sometimes called — in a bid to shift us back into balance. Do less, says the body. (Not now, body, I’m busy.)Freddie Cheng’s latest crossword, on the other hand, multitasks with ease. Unlike our mortal coil, his clever theme has no signs of burning out. In fact, it burns brighter as it takes on more meaning.Today’s ThemeThe New York Times Crossword likes to toy with solvers’ brains by challenging them to interpret clues as either verbs or nouns. “Check box of last resort” comes to mind as an example of a recent clue whose first words read like a directive, but were meant as a noun.In today’s puzzle, the opposite is true: To understand how “Bodies of advisory experts,” (63A) — called THINK TANKS — hint at the theme, we’re told they must be “reinterpreted as an imperative.” Think tanks? No. Just think: tanks.The theme entries represent various kinds of TANKS: a vessel that HOLDS WATER (17A); a military COMBAT VEHICLE (24A); a verb describing how an object DROPS LIKE A STONE (38A); or the shorthand for a SLEEVELESS TOP (52A).We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    D.U.P. in Northern Ireland Breaks Political Deadlock After Nearly 2 Years

    The Democratic Unionist Party walked out of government in 2022 over post-Brexit trade rules. But on Tuesday, the party said it would return to power-sharing after negotiating with the British government.The Democratic Unionist Party, the main Protestant party in Northern Ireland and one of its biggest political forces, said on Tuesday that it was ready to return to power sharing after a boycott of almost two years had paralyzed decision-making in the region.After an internal meeting that stretched into the early morning, Jeffrey Donaldson, leader of the party, known as the D.U.P., said at a news conference that he had been mandated to support a new deal, negotiated with the British government, under which his party would return to Northern Ireland’s governing assembly.“Over the coming period we will work alongside others to build a thriving Northern Ireland firmly within the union for this and succeeding generations,” Mr. Donaldson said. He added, however, that the return to power sharing was conditional on the British government’s legislating to enshrine a new set of measures that had not yet been made public.The decision by the D.U.P., which represents those who want Northern Ireland to remain part of the United Kingdom, will be welcomed by many voters frustrated by the political stalemate, as well as by the British and Irish governments, which have both put pressure on the party to end the deadlock.But it could also herald a seismic shift in the territory’s history, opening the door for Sinn Fein, the Irish nationalist party, to hold for the first time the most senior political role of “first minister” rather than “deputy first minister.”Sinn Fein is committed to the idea of a united Ireland, in which Northern Ireland would join the Republic of Ireland, rather than remain part of the United Kingdom.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Canada Delays Plan to Offer Medically Assisted Death to the Mentally Ill

    A parliamentary panel concluded that there are not enough doctors, particularly psychiatrists, in the country to properly assess patients.Canada is postponing a plan to offer people suffering from mental illnesses the option of a medically assisted death, two cabinet ministers said on Monday.The announcement by Mark Holland, the health minister, and Arif Virani, the justice minister, came after a special parliamentary committee looking into the plan concluded that there are not enough doctors, particularly psychiatrists, in the country to assess patients with mental illnesses who want to end their lives and to help them do so.“The system needs to be ready, and we need to get it right,” Mr. Holland told reporters. “It’s clear from the conversations we’ve had that the system is not ready, and we need more time.”Neither minister offered any timeline for the latest extension. Following an earlier delay, the expansion had been scheduled to come into effect on March 17.Canada already offers medically assisted death to terminally and chronically ill people, but the plan to extend the program to people with mental illnesses has divided Canadians.Some critics say the plan is a consequence of the inability of Canada’s public health care system to offer adequate psychiatric care, which is chronically underfunded and facing demand that outstrips its availability.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Colombia, Normally a Wet Country, Battles Widespread Wildfires

    Firefighters, many of them volunteers, have been confronting dozens of blazes amid high temperatures this month. The conditions have been linked to climate change.Helicopters hauling buckets of water fly toward the mountains where fires burn, a thick haze periodically covers the sky, and residents have been ordered to wear masks and limit driving because of the poor air quality.For a full week, firefighters have been battling fires in the mountains around Bogotá, Colombia’s capital, as dozens of other blazes have burned across the country, in what officials say is the hottest January in three decades.The president has declared a national disaster and asked for international help fighting the fires, which he says could reach beyond the Andes Mountains and erupt on the Pacific Coast and in the Amazon.Colombia’s fires this month are unusual in a country where people are more accustomed to torrential rain and mudslides than fire and ash. They have been attributed to high temperatures and drought exacerbated by the climate phenomenon known as El Niño.Ricardo Lozano, a geologist and former environment minister of Colombia, said El Niño was a natural phenomenon that occurred cyclically, but that with climate change, “these events are more and more intense and more and more extreme.”Heavy smoke from wildfires near the capital, Bogotá.Federico Rios for The New York TimesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More

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    Jimy Williams, A.L. Manager of the Year in Boston in ’99, Dies at 80

    He led the Red Sox into the playoffs twice, had managing stints in Toronto and Houston, and won more than 900 games as a dugout skipper.Jimy Williams, the 1999 American League Manager of the Year for Boston who won 910 games over a dozen seasons that included stints with Toronto and Houston, died on Friday in Tarpon Springs, Fla. He was 80.The Red Sox said his death, in a hospital, came after a brief, unspecified illness. He lived in nearby Palm Harbor, on Florida’s west coast about 25 miles from Tampa.Williams was voted A.L. Manager of the Year after leading the Red Sox to their second straight playoff appearance. He had replaced Kevin Kennedy as Boston’s manager after the 1996 season.Williams at Boston’s spring training camp in Fort Myers, Fla., in 2000. The team won 85 games that year, and he was fired the next season. He went on to manage the Astros.Jim Mone/Associated PressThe Red Sox won 78 games in Williams’s first season and then more than 90 in each of the next two. In 1998, Boston made the playoffs as a wild card team but was defeated by Cleveland in the A.L. division series. The next year, down 0-2 in the division series, again against Cleveland, the Red Sox rallied to win it 3-2. (Boston lost to the New York Yankees, 4-1, in the A.L. Championship Series.)The Red Sox won 85 games in 2000, and Williams was fired in August 2001, with the team at 65-53. He was hired that fall by the Houston Astros, but after two winning seasons with them he was fired midseason in 2004 with the team at 44-44.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber?  More