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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. ” Seattle already faced operating deficits of $141 million for 2023 and $152 million for 2024 before the budget planning process began this fall. . (GeekWire Photo / Kurt Schlosser). million from the General Fund, and $4.5 Impact of industry layoffs.

Budget 95
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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 billion, up just 1% from $75.3

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

GeekWire

GeekWire Photo / Kurt Schlosser) A new Q1 report from Kidder Mathews shows regional vacancy rates in the Seattle area rising to 15.1%, up from 13.9% 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.

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Recent grads working in tech are migrating to Seattle more than any other U.S. city

GeekWire

The report, which analyzed LinkedIn data, adds some scrutiny to the pandemic-driven narrative that tech and finance workers are ditching high-cost major markets. Seattle saw positive net migration for tech and finance talent from both 2021 to 2022 and 2022 to 2023. Seattle was the No.

.Net 125
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Seattle lawmakers axe funds for gunshot detection tech that was part of mayor’s public safety push

GeekWire

billion city budget for 2023 will not include funds sought by Mayor Bruce Harrell for gunshot detection technology. The Atlanta Police Department announced last week that it was passing on the technology after a six-month trial because it doesn’t haven’t room in its budget for the system. ShotSpotter Photo). During an Oct.

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Apple reportedly told a TV and movie workers’ union its TV Plus had fewer than 20 million subs

The Verge

Apple told the International Alliance of Theatrical Stage Employees (IATSE) that its Apple TV Plus streaming platform had fewer than 20 million subscribers, which allowed it to pay lower rates to IATSE workers than bigger streaming platforms, CNBC reported. Apple said in July that it had a net profit of $21.7 billion on $81.43

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CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds

CIO Business Intelligence

One of the main difficulties is calculating ROI to convince CFOs to approve budgets, and this challenge is also present when considering AI adoption, according to Abhishek Gupta, CIO of Dish TV. Quantifying tangible benefits such as cost savings, productivity improvements, and top-line growth is relatively straightforward.

Survey 118