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The Latest Breaking News on Big tech

Google Stock Slides As Department Of Justice Files Lawsuit Alleging Ad Market Abuse

Google has used "anticompetitive" practices to "eliminate or severely diminish any threat to its dominance over digital advertising technologies," the Department of Justice alleged.

The Street

Google plans to cut about 1,600 Bay Area jobs as tech layoffs worsen

MOUNTAIN VIEW, California — Google has sketched out plans to cut about 1,600 jobs in the Bay Area, staffing reductions that are a fresh reminder that the pain from local tech layoffs has yet to ease, new state government files show.

Tribune News Service

Justice Department sues Google for "corrupting" online ad market

It's the second major antitrust lawsuit filed against Google by the DOJ in the last three years.

Axios

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Microsoft Earnings Preview: Cloud Outlook In Focus As Nasdaq Rally Seeks Big Tech Support

Microsoft faces "macro headwinds and could see some risk to cloud as (business investment) faces increased scrutiny," said KeyBanc analyst Michael Turits.

The Street

Microsoft, Alphabet Cry Poor Right Before Making $32.8 Billion

It might seem like giant tech S&P 500 companies are in dire straits. But they're on the verge of making billions — in just one quarter.

Investors Business Daily

Amazon discloses fresh wave of Bay Area job cuts as tech layoffs worsen

SUNNYVALE — Amazon has disclosed plans to chop hundreds more Bay Area jobs in what would be a fresh wave of cutbacks, a forbidding sign that tech layoffs might have yet to run their course in this region.

Tribune News Service

This Option Trade In Microsoft Stock Could Return 67% After Earnings Report

This earnings iron condor trade on Microsoft stock has the potential to return 67% if the stock stays within the expected range.

Investors Business Daily

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OSHA proposes $60,000 more in fines for New York, Chicago and Florida Amazon facilities

OSHA proposed a fine of $60,269 for Amazon after finding injury lists at three warehouses put workers at “high risk for lower back injuries and musculoskelatal disorders.”

Miami Herald

Why is Google laying off 12,000 staff?

The company will let go 6 per cent of its workforce.

Evening Standard

After 'Ripping Off Band-Aid,' Microsoft Hopes Bleeding Has Stopped

Microsoft stock has been depressed ahead of the software giant’s fiscal second-quarter report, due out late Tuesday.

Investors Business Daily

Google announces mass layoffs amid tech slump. Read the CEO’s full memo on the cuts

More than 50,000 workers at big tech firms have lost their jobs in recent months

The Independent UK

Google parent cutting 12,000 jobs

Google’s parent company Alphabet said on Friday it would cut 12,000 jobs globally, citing a changing “economic reality”, becoming the latest US tech giant to enact large-scale restructuring.

Bangkok Post

Alphabet To Cut 12,000 Jobs, About 6% Of Workforce, After A 2022 Hiring Spree

Google-parent Alphabet said Friday it will cut 12,000 jobs, or 6% of its workforce, adding to a growing wave of layoffs in the tech sector.

Investors Business Daily

Google owner Alphabet announces 12,000 job cuts as it follows Microsoft's cull of 10,000

Google has more than 5,000 employees in the UK

Wales Online

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Irish Mirror

Google Ireland job fears as firm to lay off 12,000 workers in latest blow to tech sector

It comes after other companies including Microsoft, Amazon and Meta recently announced plans to axe workers.

The Guardian - UK

Google parent firm Alphabet to cut 12,000 jobs worldwide

Company is latest large US tech player to announce sweeping job losses as global outlook weakens

Evening Standard

Google owner Alphabet to axe 12,000 jobs

The tech giant has almost 6,000 staff in the UK

Tribune News Service

Sting reportedly played elite Microsoft event as layoffs loomed

SEATTLE — Striking the right corporate tone for a major layoff can’t be easy.

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Chicago Sun-Times

Community activists want answers, hiring commitment as Amazon’s giant Humboldt Park site remains dormant

Amazon plans to open the distribution center later this year. Community activists want jobs to go to people in the neighborhood.

USA Today Sports Media Group

Microsoft layoffs hit the Bethesda and Halo teams

The recent round of Microsoft layoffs has affected the Bethesda team and Halo maker 343 Industries, with executives citing economic downturn

Evening Standard

Amazon axes charity programme that made donations on your behalf

Amazon customers and charity execs have slammed the move as disastrous for organisations and the people they support during the cost-of-living crisis.

Chicago Sun-Times

Holding YouTube liable for promoting terrorism is a bad idea

The Supreme Court next month will consider whether Google, which owns YouTube, can be sued for helping the terrorist group ISIS promote its message and attract followers.

Inverse

Microsoft layoffs don’t tell us much about the future of Xbox — yet

A recent round of layoffs at Microsoft has the possibility to affect Xbox. But right now, the long-term ramifications are not entirely clear.

Daily Record

Microsoft slashes 10,000 jobs with Scots office in danger of being hit by cuts

The software giant has become the latest US tech firm to announce hefty staff cuts in the face of an economic downturn.

Daily Mirror

Amazon set to begin its largest jobs cull in history affecting 18,000 employees

Tech giant Amazon has started to axe over 18,000 jobs which is the largest in their 28-history as the company looks to adapt to the gloomy economic outlook

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People

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