Ofcom has finally put an end to inflation-linked price rises for UK customers in phone, broadband, and pay-TV contracts. However, it is too late to help those walloped by the recent inflation.
Inflation RSS
_medium.jpg){kind=logo}
EE has announced a simpler price increase model that will come into force next year. It said that customers would be told of price increases in pounds and pence, and they wouldn't be inflation-linked.
Ebay has announced that it's getting rid of 1,000 jobs and reducing the number of contractors it uses. It is just the latest round of job cuts that have been affecting the tech industry.
Uswitch is asking Ofcom to change the way broadband and mobile providers increase prices for customers. With recent high inflation, mid-contract price rises have been very noticeable.
The consumer rights organization, Which?, has castigated broadband companies in the UK for putting prices up but only delivering mediocre services. Its survey found many customers had issues.
The IBM employee Ian Clifford, who hasn't worked since 2008 but is still being paid, has disclosed that he's suffering from leukaemia. He said his court actions for a pay rise are for his family.
An inactive IBM employee in the UK sought to get a pay rise to help overcome inflation earlier this year. The employee, Ian Clifford, gets paid via a company health plan but hasn't worked since 2008.
Just 5% of eligible households in the UK are subscribed to a social broadband tariff. They are priced more reasonably for people on welfare who have tighter budgets but still need internet access.
IDC has revised worldwide IT spending growth for the fifth consecutive month. It now expects growth of 4.4%, down from 4.5% last month and 6% last October, due to inflation and higher interest rates.
The consumer group Which? has urged people to look around for cheaper broadband, TV, and mobile deals to save money. It said people could cut £162 a year by switching to a cheaper provider.
Amazon is going to lay off 18,000 employees, almost double what it had previously planned in November. Communication with affected employees is now set to take place from January 18.
Retailers and ecommerce brands should expect an extremely competitive holiday season as shoppers are tightening their belts and looking for savings. This free Webninar will set you on the right path.
People in the Middle East & North Africa region have been turning more towards cryptocurrencies to pay remittances and preserve the value of their savings where major inflation is underway.
_medium.jpg)
Sony announced earlier today that it is increasing the price of PlayStation 5 across pretty much all regions except the U.S. Microsoft says it has no plans to hike Xbox prices at this time at all.
Sony is raising the prices of its latest gaming console, the PlayStation 5, citing challenging economic conditions such as high global inflation rates and adverse currency trends.
Amazon has announced that it's putting up fees for sellers that use Fulfillment by Amazon. Each item sold in the U.S. or Canada will incur a $0.35 fee. Amazon blamed inflation for the decision.
After Spain, Poland, and Ukraine, the initial version of Opera's built-in browser cashback service, Dify, has now also come to Germany, offering cashback from over 130 partnering shops.
Elon Musk has e-mailed employees to say the firm is pausing hiring and that it will have to let go of around 10,000 workers. It comes as inflation causes people to reduce their spending on luxuries.
Apple has slashed iPhone SE production by 20% due to several factors that make the company believe it will sell fewer devices. Concerning Apple are inflation levels and the Russo-Ukrainian war.
