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

GeekWire

Amazon’s Spheres and other buildings at the company’s headquarters campus in Seattle. 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. .

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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

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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

Amazon workers and others near The Spheres on the company’s Seattle headquarters campus. 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. GeekWire Photo / Kurt Schlosser) Seattle ranks No. Seattle was the No.

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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 technology being sought, developed by companies such as Fremont, Calif. All proposed funding was eventually cut from the budget. ShotSpotter Photo). The Seattle City Council’s passage this week of a $7.4

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Customer service, especially field service, helps companies outperform competitors and drive growth

CIO Business Intelligence

We can expect that every company is going to react this way in times of uncertainty. Where winning companies deviate from the norm is that they look for opportunities to attract and retain customers by making experience and service a signature competitive advantage. There’s much to be done. Only 26% of U.S.

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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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