Amazon set for big job cuts

Amazon reported accelerated cloud growth in the quarter to the end of June, and JPMorgan has walked into another football firestorm as it works on a plan with Fifa. Plus, Citadel bought Situational Awareness equity holdings after the hedge fund suffered steep AI losses, and DR Co ...  Show more

Meta and Microsoft reported quarterly earnings as investors raised concerns about AI spending, and the US Federal Reserve held interest rates steady. The Bank of Japan is also expected to leave rates unchanged at its meeting on Friday, and UK oil and gas companies are looking awa ...  Show more

 Companies like Meta and Twitter have said that they will be cutting jobs. Google and Amazon have announced that they are putting a freeze on any new hiring.

Are tech layoffs a sign of things to come across other sectors? Is this the opening bell for the bad news on the ...

Mark Zuckerberg fired 11,000 employees at Meta. Elon Musk axed half his staff at Twitter. Other tech giants are slashing jobs and eliminating perks, too. Recode’s Peter Kafka says the era of big tech growth is over. This episode was produced by Amanda Lewellyn, edited and fact-ch ...  Show more

The Biden administration tells Tiktok to leave ByteDance or leave the US. Meta's year of Zuck-ficiency continues, with another 10,000 layoffs. Kara and Scott unpack the decision to backstop Silicon Valley Bank, as Credit Suisse deals with its own potential issues. Also, ChatGPT g ...  Show more

Jeff Bezos is stepping down as CEO (but will stick around Amazon). Google releases how much money it made (and lost) in cloud services. Gearbox Software has a new owner, and more! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener ...  Show more