Dive into the tech & future
Several tech giants including Google, Amazon, Meta, Microsoft and others have already announced mass layoffs in 2023. More companies are now joining the bandwagon and are announcing fresh job cuts. E-commerce firm eBay Inc has announced that it will lay off 500 employees globally. The number of employees that will be laid off represents 4% … Read more
The world’s largest tech companies are promising across the board to spend less, new territory for an industry that thrives on perks. Already last year, Facebook parent Meta Platforms shut down its laundry service for staff, and in January of this year, Alphabet’s Google included more than 30 massage therapists in its first big round … Read more
Google-parent Alphabet is planning to launch a chatbot service and more artificial intelligence for its search engine as well as developers, marking a riposte to Microsoft in a rivalry to lead a new wave of technology. In a blog post on Monday, Alphabet CEO Sundar Pichai said the company is opening a conversational AI service called Bard … Read more
Alphabet’s Google has invested almost $400 million (roughly Rs. 3,299 crore) in artificial intelligence startup Anthropic, which is testing a rival to OpenAI’s ChatGPT, according to a person familiar with the deal. Google and Anthropic declined to comment on the investment, but separately announced a partnership in which Anthropic will use Google’s cloud computing services. The … Read more
After a challenging 2022 in which advertising-dependent companies faced shrinking budgets and cratering stock prices, fourth-quarter results this week from Alphabet, Meta Platforms and Snap showed they were not yet in the clear. The health of the advertising industry closely mirrors the economy, and many advertisers have pared back their marketing budgets in response to … Read more
Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn’t been dominated by the latest gadget or innovation. Instead, layoffs are in the headlines. In the last year, more than 70,000 people globally have been laid off by Big Tech companies – and that doesn’t … Read more
Alphabet-owned DeepMind artificial intelligence unit has reportedly said that it will close its offices in Canada and lay off some staff in the UK. Alphabet is also the parent company of Google, which recently announced that it will cut its workforce by 12,000.Citing an internal memo sent by the company, Bloomberg reports that DeepMind’s office … Read more
Google is deferring a portion of its employees’ year-end bonuses as part of a transition to a new performance management system, the search engine giant said on Thursday. The company will pay 80 percent advance bonus to eligible employees initially and the remainder in later months, a spokesperson told Reuters, adding that the move was … Read more
Google‘s parent company Alphabet is laying off employees amid global macroeconomic conditions. The job cut has affected 40 employees, or 20% of its total workforce, working in the company’s robot software firm Intrinsic.As per a report in TechCrunch, the company’s “Other Bets” division is the first to be impacted in the technology conglomerate. A company … Read more
The massive job cuts by Amazon, one of the biggest private employers in the US, show the wave of layoff sweeping through the tech sector could stretch into 2023 as companies rush to cut costs, analysts said on Thursday. As a demand boom during the pandemic rapidly turns into bust, tech companies shed more than … Read more