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Seattle approves new city budget that plugs shortfalls with surplus revenue from business tax

GeekWire

Now the city is using the surplus to help close major gaps in its budget. million from JumpStart revenue to be reallocated to the General Fund in 2022, up to $71.1 ” Seattle already faced operating deficits of $141 million for 2023 and $152 million for 2024 before the budget planning process began this fall. .

Budget 96
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Google Cloud growth slows as Alphabet net income plunges

CIO Business Intelligence

Even though Google Cloud revenue growth showed signs of slowing, it nevertheless provided something of a bright spot as parent company Alphabet — hit hard by the tightening of customer budgets — posted a year-over-year decline in net income for its 2022 fourth quarter. Net income (profit) was $13.6 from the $61.2

.Net 52
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Seattle office market continues to struggle as vacancy rates rise for ninth consecutive quarter

GeekWire

It also marked the ninth straight quarter of negative net office absorption, which is calculated by the total amount of space leased minus the total space vacated in a given quarter. At the same time, the tech downturn that began in 2022 caused many companies to trim expenses and lay off workers, reducing the need for office space.

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Low-code: An Accelerator for Digital Transformation

CIO Business Intelligence

Digital transformation is expected to be the top strategic priority for businesses of all sizes and industries, yet organisations find the transformation journey challenging due to digital skill gap, tight budget, or technology resource shortages. Empowering Citizen Developers. Better quality code.

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The 10 biggest issues IT faces today

CIO Business Intelligence

Those dynamics are now reshaping the CIO agenda for 2022, forcing many IT leaders to reorganize their list of top concerns. They can do that, for example, by adopting true agile principles where business and developers work collaboratively and iteratively side by side. Ever increasing demands for transformation.

Cloud 144
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How climate concerns and incentives are driving solar installations on Washington roofs

GeekWire

The Grow Community on Bainbridge Island has solar power for many of its 119 homes and is a net zero neighborhood, meaning it doesn’t contribute carbon emissions. The price of solar has dropped 11% over the past five years , but is still relatively spendy for many budgets. Solar is being incorporated into projects large and small.

Energy 135
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Biotech industry leaders share cautious optimism for 2023 amid downturn and layoffs

GeekWire

“As a development stage company, we’re doing everything we can to strike the right balance between accelerating the development of our platform while seeking to extend our cash runway,” said Patel. Earlier companies are considering fewer development programs and having a slower ramp on hiring. Nautilus Photo).

Industry 118