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Zoom Announces Mass Layoffs as another Pandemic Darling Feels the Heat

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[ad_1] There has been no respite from tech layoffs and Zoom Video Communications (NYSE: ZM) has said that it would eliminate 1,300 positions which are around 15% of its global workforce. Tech layoffs have mounted this year even as the overall US job market still looks tight. In January, the US economy added over half … Read more

Big Tech earnings face more heat as cloud cover fades By Reuters

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[ad_1] © Reuters. FILE PHOTO: 3D printed clouds and figurines are seen in front of the AWS (Amazon Web Service) cloud service logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Aditya Soni and Yuvraj Malik (Reuters) – Big Tech results reinforced concerns a boom in cloud services is easing, limiting a … Read more