Tux Machines

GAFAM Layoffs Again

Posted by Roy Schestowitz on Apr 14, 2023

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KBRA Releases Research - CMBS Office Exposure to Large Layoffs

=> ↺ KBRA Releases Research - CMBS Office Exposure to Large Layoffs

KBRA releases research on U.S. commercial mortgage-backed security (CMBS) office exposure to recent white-collar layoffs as announced by large companies. The news of layoffs is unwelcome for the property type segment, which is experiencing weakening demand owing to remote-working arrangements as well as increasingly cost-conscious companies.

Google layoffs: Has CEO Sundar Pichai just hinted at more job cuts soon?

=> ↺ Google layoffs: Has CEO Sundar Pichai just hinted at more job cuts soon?

The recent round of Google layoffs — the shock firing of 12,000 people that has now taken on legendary proportions in the tech world — could be followed by another round of redundancies, Google CEO Sundar Pichai appears to hint in his new interview published by The Wall Street Journal.

Google to ask judge to toss US antitrust lawsuit over search dominance

=> ↺ Google to ask judge to toss US antitrust lawsuit over search dominance

Google's motion is the Internet company's latest attempt to get out of several costly and time-consuming lawsuits from state and federal governments.

No such thing as a free lunch! Meta workers complain social media giant has cut back on free cafeteria meals and cereal, as owner Mark Zuckerberg prepares to slash another 10,000 jobs from ailing firm

=> ↺ No such thing as a free lunch! Meta workers complain social media giant has cut back on free cafeteria meals and cereal, as owner Mark Zuckerberg prepares to slash another 10,000 jobs from ailing firm

What’s driving mass layoffs in the tech sector globally?

=> ↺ What’s driving mass layoffs in the tech sector globally?

For the first time in this decade, Amazon reported a decline of almost 115% in 2022 over its 2021 net income, mainly in its retail unit.

Cost Cutting Hits Cloud Spending. What It Means for Amazon and Microsoft. [Ed: A clown computing bubble imploding at last. AWS and Azure layoffs. This is a pro-Microsoft site.]

=> ↺ Cost Cutting Hits Cloud Spending. What It Means for Amazon and Microsoft.

Tech companies have reduced head count and tightened spending in response to weaker revenue growth and a slumping macroeconomic environment. The job cuts have attracted most of the headlines—27,000 at Amazon.com (ticker: AMZN), 21,000 at Meta (META), 10,000 at Microsoft (MSFT). But layoffs aren’t the only place where money can be saved.

Amazon CEO Andy Jassy warns about 'short-term headwinds' for AWS business

=> ↺ Amazon CEO Andy Jassy warns about 'short-term headwinds' for AWS business

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