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“Salesforce slashing 10% of workforce in latest tech layoffs” Salesforce plans to cut its workforce by 10% and close some offices, saying it needs to cut costs after rapid pandemic hiring left it with “too many people” amid an economic slowdown, sending its shares up 5%. The cloud-based software company said on Wednesday it expects between…
“Microsoft profits down 14% as Windows hit by weak PC sales” Microsoft Corp posted its slowest quarterly revenue growth in five years and a 14% drop in profit on Tuesday as the tough macroeconomic conditions hit PC sales and slowed cloud growth, which had supercharged the earnings for years. The company reported revenue of $50.12 billion for…
“Amazon freezes hiring in parts of lucrative web services division” Amazon has frozen hiring in parts of its lucrative web services division — an apparent escalation of the company’s cost-cutting efforts, The Post has learned. Amazon Web Services — the highly profitable division that brought in more than $62 billion in revenue in 2021 —…
“Twilio announces 11% of employees will lose jobs in ‘Anti-Racist’ layoffs” Twilio CEO Jeff Lawson announced in a message to all employees that 11% of its workforce would be laid off, stating that they made the layoffs through an “Anti-Racist” and “Anti-Oppression” lens. The San Francisco-based corporate communications company CEO said in the message to employees that the…
“How Cloud Computing is Adding Value to the Higher Education Sector” Cloud computing is adding value to every sector, including education, and is expected to drive a range of transformations in the coming years. The education sector is undergoing significant transformation, which is one of the driving forces of the digital era. Implications, risks, and…
“Chipmaker Broadcom to buy VMware in $61 billon deal” Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite an environment of rising inflation and economic uncertainty. The proposed deal comes just weeks after billionaire and Tesla CEO…
“#Google Cloud outage crashes Spotify, Snapchat, Etsy” A sweeping Google Cloud outage on Tuesday briefly crashed popular websites, including Snapchat, Spotify, Discord and Etsy, and while the issue has been partially resolved, Google says it’s not sure when it will have a full resolution. Google Cloud’s status dashboard shows that the company suffered a networking issue just…
“#Twilio pays lavish price in SPAC deal in unusual bid to attract investors” A Silicon Valley cloud-computing giant has made an unusual bet to head off any prospective investor stampede from a “blank check” company it’s backing — namely, by volunteering to pay a premium for it, The Post has learned. Twilio — whose networks…
“#Pentagon nixes contract that pitted Amazon against Microsoft” The Department of Defense announced Tuesday that it’s nixing the $10 billion cloud computing contract that it awarded to Microsoft in 2019 and that drew legal complaints from market leader Amazon. The JEDI, or Joint Enterprise Defense Infrastructure, deal was meant to modernize the Pentagon’s IT operations…
“#Social media, news sites including CNN, New York Times hit by outage” Social media, streaming services and global news outlets including the New York Times and CNN were hit Tuesday by outages, with some users unable to access the sites. Some visitors to the affected websites received error messages that read, “Error 503 Service Unavailable,”…