GAFAM Layoffs Again
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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.
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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.
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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.
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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
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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.
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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.]
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.
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Amazon CEO Andy Jassy warns about 'short-term headwinds' for AWS business