Microsoft Is Joining The Tech Firing Spree
Microsoft Corp. announced it was cutting 10,000 jobs, making it the latest tech giant to do so amid worries about the state of the world economy.
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Cost-Cuttings And Lay-Offs At Amazon
Amazon's leadership is carefully examining its Alexa business as part of its ongoing cost-cutting review. Alexa is Amazon's voice assistant available on a range of devices, the company is reportedly reviewing whether it should invest in the addition of new capabilities
Stripe To Reduce Headcount By 14%
Stripe CEO Patrick Collison stated in a letter to staff that 2022 has been more difficult than previous years. The company blamed inflation, energy shocks, higher interest rates and lower investment budgets for the company's slowdown.
SoftBank Is Cutting Its Alibaba Stake
SoftBank Group Corp is set to reduce its holding in Chinese e-commerce giant Alibaba, according to an analyst, as the Japanese tech titan focusses on unlisted companies and repurchases its shares. In the last quarter, SoftBank sold 20 million Alibaba shares and could sell even more shares in 2022.
Microsoft Leads The Way
In the recent quarter ending in December, Microsoft experienced its most significant profit surge in over two years, largely due to the rising interest in artificial intelligence which has significantly boosted the demand for its cloud services