Tech Companies Scuttle Travel Over Coronavirus Concerns
February 28 2020 - 04:15PM
Dow Jones News
By Sebastian Herrera
Amazon.com and Microchip Technology Inc. are among tech
companies cutting back on employee travel over concern about the
spreading coronavirus.
Amazon said it has asked employees to defer all non-essential
travel. Facebook Inc. this week cancelled a developers conference
and Microsoft Corp. said it was joining others in not participating
in the videogame industry's annual developer conference known as
GDC
Microchip Technology, which makes electronic components for
everything from satellites to data centers, said it would scrap
participation in investor conferences this quarter, including a
Morgan Stanley Technology, Media and Telecom event planned for next
week.
"We have taken precautionary steps to help ensure the health and
safety of our employees and to control the impact on Microchip's
operations," Microchip Chief Executive Steve Sanghi said
Friday.
Write to Sebastian Herrera at Sebastian.Herrera@WSJ.com
(END) Dow Jones Newswires
February 28, 2020 16:00 ET (21:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Morgan Stanley (NYSE:MS)
Historical Stock Chart
From Feb 2024 to Mar 2024
Morgan Stanley (NYSE:MS)
Historical Stock Chart
From Mar 2023 to Mar 2024