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News on Medial
Google cuts at least 100 jobs across fast-growing cloud unit
CNBC
·
1y ago
Medial
Alphabet is laying off at least 100 employees in its Google Cloud unit, impacting sales, consulting, strategy, operations, and engineering teams. The cuts aim to align with customer priorities and business opportunities, despite Google Cloud's significant revenue growth and profitability. This follows ongoing layoffs since early 2023, reflecting pressures to maintain growth amid increasing AI competition .
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Amazon trims jobs in devices and services unit
Economic Times
·
2m ago
Medial
Amazon has cut around 100 jobs in its devices and services unit, including roles related to Kindle, Echo, Alexa, and Zoox self-driving cars, as part of regular business reviews and efforts to improve efficiency. The cuts are a small part of the unit, with no specific details on the divisions affected. This follows previous reductions in Alexa-related jobs and other internal teams. Amazon aims to streamline operations under CEO Andy Jassy's leadership.
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Tech layoffs in January 2024: CEO fires the whole company over 2-minute call; Google, Microsoft, Amazon continue layoffs; job cuts at TikTok, Flipkart, Swiggy, and others
Startup News FYI
·
1y ago
Medial
In January 2024, several tech companies implemented job cuts. Frontdesk fired all 200 employees during a two-minute call, Google laid off hundreds of staff across various divisions, Microsoft cut 1,900 jobs, Amazon announced layoffs in Audiobooks, Prime Video, and Twitch divisions, Xerox reduced its workforce by 15%, Unity Software cut 1,800 jobs, Discord laid off 17% of its employees, eBay cut 1,000 jobs, Flipkart laid off 1,000 employees, Swiggy laid off 400 employees, Riot Games cut 11% of its staff, TikTok laid off 60 workers, and Salesforce announced 700 job cuts.
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Amazon adds AI expert Andrew Ng to board as GenAI race heats up
Economic Times
·
1y ago
Medial
Amazon has added Andrew Ng, the former head of AI projects at Google and Baidu, to its board as competition grows among tech giants in AI. Amazon's cloud unit is feeling pressure from Microsoft's early partnership with OpenAI and integration of AI technology into Azure. The appointment comes alongside job cuts at Amazon and CEO Andy Jassy's commitment to lower costs. Ng, an AI expert, is also an adjunct professor at Stanford University and runs AI venture studio and learning firms.
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Google Mourns Veteran Engineer Luiz André Barroso Who Invented the Modern Data Center
Wired
·
1y ago
Medial
Luiz André Barroso, a veteran engineer at Google, passed away at the age of 59. Barroso revolutionized the design of data centers by using low-cost components and reimagining how they worked together, laying the foundation for cloud computing. His concept of "the data center as a computer" transformed the industry and underpins internet services today. Barroso also made significant contributions to Google, including the development of its Covid exposure notifications app. His ideas spread across Silicon Valley, and his architecture became the basis for Google's cloud computing unit.
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Amazon Games cuts 180 jobs
Economic Times
·
1y ago
Medial
Amazon.com has cut approximately 180 jobs in its games division, marking the second round of layoffs in under a week. The company cited the need to focus resources on areas with the highest growth potential. The restructuring comes after a round of job cuts in the streaming music and podcast division. Amazon remains committed to developing and publishing games and is actively recruiting for other roles in the games division. This follows a previous cut of about 100 jobs in the games unit in April.
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TikTok lays off employees to reduce costs
Economic Times
·
1y ago
Medial
TikTok has laid off a certain number of employees in its sales and advertising division in an effort to reduce costs. While reports vary, it is estimated that around 60 to at least 100 employees were asked to leave. This move follows a series of job cuts from other tech companies, including Google and Amazon. Despite the layoffs, TikTok still has around 7,000 employees in the US and over 150 million active users in the country.
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Tech layoffs: Microsoft’s 3rd round of job cuts this year likely in product and programme management roles, says report
Livemint
·
1y ago
Medial
Microsoft has conducted another round of layoffs as part of their ongoing efforts to streamline their workforce. The job cuts impacted employees in product and program management roles across multiple teams and geographical locations. The company has not disclosed the exact number of employees affected. These layoffs follow Microsoft's acquisition of Activision Blizzard and come after the end of their fiscal year 2024. This move is aimed at maintaining profit margins and increasing capital expenditure for their cloud infrastructure. Other tech companies, including Google and Meta, have also recently announced job cuts.
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A comprehensive list of 2024 tech layoffs | TechCrunch
TechCrunch
·
6m ago
Medial
The tech industry has seen a persistent wave of layoffs in 2024, following cuts in prior years. Over 130,000 jobs have been eliminated across 457 companies, including major players like Tesla, Amazon, Google, Microsoft, and TikTok. Many smaller startups have also experienced layoffs or shut down. This downtrend reflects tech companies' increased focus on AI and automation, impacting jobs once considered safe. These layoffs highlight the human cost amidst the ongoing push for innovation.
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Oracle gains as cloud infrastructure business gets AI boost
Economic Times
·
1y ago
Medial
Oracle's shares surged almost 9% on Wednesday, driven by increasing demand for its low-cost cloud infrastructure services for artificial intelligence applications. If sustained, this surge could add over $28 billion to Oracle's market valuation. The company's cloud infrastructure unit has been growing, offering competitive options to rivals like Google, Microsoft, and Amazon. Oracle has partnered with OpenAI and Google Cloud to extend its cloud infrastructure, further establishing its credibility as an AI platform. However, despite this positive news, Oracle's Q4 results fell short of expectations due to competition in its legacy database and enterprise resource planning software business.
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Google likely to cut hundreds of jobs in advertising sales unit.
Livemint
·
1y ago
Medial
Google is reportedly planning to lay off "several hundred" employees in its advertising sales unit as part of a restructuring effort. The tech giant aims to automate more processes through AI software, which will determine how advertisers' money should be allocated across products. The changes in the operational procedure of the sales team have led to these layoffs. Impacted employees will have the option to apply for open roles within Google. Last week, Google announced job cuts in its Google Assistant software and Devices and Services team.
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