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Wealth tax proposal in Washington state reignites debate over taxes and tech talent migration

GeekWire

Jay Inslee this week proposed a new wealth tax to help generate revenue for government programs and address a multi-billion dollar budget shortfall. He also believes that high net worth individuals the people who make angel investments in startups and invest in venture capital funds will depart.

Budget 133
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HP redefines PC refresh approach using performance data

CIO Business Intelligence

This method also helps maximise the value of existing PC assets and minimise budget waste. For IT managers, taking a targeted approach that is backed by reporting can help prioritise IT demands and constrained budgets. 26/37=70 2 Source: HP TechPulse and hpNOW Feb 2023 and June 2023, PCs refreshed 8 GB to 16 GB

HP 130
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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 130
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Value stream management (VSM) delivered $81M in savings

CIO Business Intelligence

In November 2023, Forrester Consulting conducted a Total Economic Impact™ (TEI) study, commissioned by Broadcom, which found organizations using ValueOps, a dedicated VSM solution, can realize significant financial benefits. In fact, VSM has been shown to deliver significant organizational benefits and quantifiable, financial ROI.

Study 334
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How to Craft a Cloud Experience Without Busting the IT Budget

CIO Business Intelligence

Fifty-two percent of enterprises expect to increase spending on IT products and services in 2023, according to an ESG survey of senior IT professionals 1. Investing in IT without busting the budget is no mean feat, for even the most well-heeled organizations. 1 2023 Technology Spending Intentions Survey, ESG, Nov.

Budget 130
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Stock buybacks put CIOs in the hot seat

CIO Business Intelligence

In Q1 of 2023, UHG spent $3.5 Now this is just speculation on my part, but I’d bet as much as a quarter that even a small fraction of UHG’s buyback budget would have easily paid for the time, effort, and technology needed to properly harden Change Healthcare’s information infrastructure. decline in net income.

Apple 295
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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 in 2023, and up to $84 million in 2024, if necessary. ” Seattle already faced operating deficits of $141 million for 2023 and $152 million for 2024 before the budget planning process began this fall. . Impact of industry layoffs.

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