salesforce Salesforce Cuts 10% of Workforce Amid Ongoing Tech Layoff Wave Salesforce announces plans to lay off approximately 8,000 employees and reduce its office footprint as part of a major restructuring effort. CEO Marc Benioff admits the company hired too many people during the pandemic boom.
salesforce Salesforce Trims Workforce by 10% Amid Shifting Tech Priorities Salesforce cuts approximately 7,000 employees as the software giant pivots toward profitability and new technology investments. The layoffs reflect a broader trend of cost-cutting across the technology sector.
amazon Amazon Faces Turbulent Year While AWS Cloud Business Stays Strong Amazon struggles with post-pandemic slowdown and massive job cuts, but its cloud division continues to generate massive revenue despite slight growth deceleration.
aws Amazon's Cloud Division Shifts From Breakthroughs to Incremental Updates Amazon Web Services shows signs of slowing innovation at its annual re:Invent conference, focusing heavily on integrating existing products rather than launching groundbreaking new tools.
stability ai Stability AI Names AWS as Preferred Cloud Provider for Generative Models Stability AI is deepening its partnership with AWS to scale its open-source generative AI models across multiple content formats. The deal positions Amazon's cloud infrastructure as the primary training ground for the fast-growing startup.
aws AWS Unveils Graviton3E Arm Chip and Nitro 5 Hypervisor for High-Performance Computing AWS introduces the Graviton3E processor optimized for high-performance computing and the Nitro 5 hardware hypervisor. These new technologies deliver major leaps in vector processing and energy efficiency for cloud workloads.
aws AWS Eliminates Lambda Cold Starts With New SnapStart Feature AWS introduces SnapStart for Lambda, a new feature that reduces cold start latency by 90 percent using encrypted memory snapshots. The tool is currently available exclusively for Java functions running on the Corretto runtime.
big tech Big Tech Stumbles in Third Quarter as Meta Suffers Historic Weekly Loss Major tech companies outside of Apple lose over $350 billion in market value following bleak third-quarter earnings and weak future guidance. Meta experiences its worst week since its 2012 IPO as economic headwinds weigh heavily on the sector.
amazon Amazon's Q3 Profit Drops as Inflation and E-Commerce Slowdown Bite Amazon reports a sharp decline in Q3 2022 operating and net income due to shifting shopping habits and inflation, while its cloud division remains profitable. The company's stock plunges after issuing a shockingly vague financial forecast for the upcoming holiday quarter.
microsoft Microsoft Tops Earnings Expectations But Faces Slowing Cloud Growth Microsoft beats quarterly profit and revenue estimates, but its stock drops as Azure cloud growth slows and the company issues weak forward guidance.
google cloud Google Cloud to Shut Down IoT Core Service Next Year Google Cloud is discontinuing its IoT Core service and giving customers a 12-month window to migrate to specialized partner platforms.
reddit Reddit Acquires Machine Learning Platform Spell to Boost Content Understanding Reddit purchases Spell, a cloud platform for running machine learning experiments, to enhance its ad targeting and content recommendations. The acquisition brings Spell's team on board to help Reddit develop more relevant and safer community experiences.
microsoft Microsoft Build 2022 Reveals Major Metaverse and AI Integrations Microsoft uses its annual Build 2022 conference to showcase deep integrations of AI across its cloud and productivity platforms. The tech giant also highlights new metaverse tools and partnerships designed to shape the future of hybrid work.
google cloud Google Cloud Next 2022 Highlights Key Infrastructure and AI Updates Google Cloud Next 2022 showcases major advancements in cloud infrastructure, cybersecurity, and artificial intelligence. These new tools aim to help businesses streamline operations and scale their digital services.
microsoft Microsoft Q4 2022 Earnings Show Slowing Azure Cloud Growth Microsoft reports steady overall earnings for the fourth quarter of 2022, but highlights a noticeable deceleration in Azure cloud revenue growth. The slowdown raises questions about enterprise IT spending amid broader economic uncertainties.