DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Amazon Web Service"


25 mentions found


☆ Amazon CEO Andy Jassy needs to take a page out of Mark Zuckerberg's cost-cutting playbook at Meta
  + stars: | 2023-04-13 | by ( Paulina Likos | ) www.cnbc.com   time to read: +9 min
Andy Jassy, CEO of Club holding Amazon (AMZN), said Thursday he's committed to investing in overall growth while creating cost efficiencies throughout the enterprise. Jim has said that Amazon needs to cut another 200,000 jobs or more to even approach pre-pandemic staffing of around 798,000 in Q4 of 2019. For example, Amazon has stopped physical store expansion, shuttered Amazon Care and Amazon Fabric, and it's letting go of devices that won't provide solid returns. Jassy also addressed Amazon's stock price during CNBC's interview. AMZN .SPX mountain 2020-04-09 Amazon vs. S & P 500 since April 2020 Bottom line Amazon needs to make additional moves to further reduce its headcount.
☆ Analysts worry about Microsoft's cloud but really like Humana. Here's our take on both Club stocks
  + stars: | 2023-04-11 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +6 min
UBS analysts are warning about additional weakness in Microsoft 's (MSFT) key cloud computing, while Morgan Stanley issued a rosy multiyear outlook on Humana (HUM). Here's a look at both notes and how we feel about the stocks, which are both in the Club's portfolio. MSFT 1Y mountain Microsoft's stock performance over the past 12 months. Ahead of all that, UBS lowered its own Azuze revenue growth estimates for Microsoft's fourth-quarter and upcoming fiscal year 2024. The news: Club holding Humana is the "strongest earnings growth story" in the managed care industry, Morgan Stanley equity analysts told clients in a note Tuesday.
☆ Microsoft, Amazon face cloud competition probe as UK regulator raises alarm
  + stars: | 2023-04-05 | by ( Ryan Browne | ) www.cnbc.com   time to read: +3 min
Ofcom said it received evidence showing Microsoft makes it less attractive for customers to run its Office productivity apps on cloud infrastructure other than Microsoft Azure. Microsoft and Amazon were accused by U.K. regulators Wednesday of unfairly restricting competition in the cloud services market, in a significant development that could ultimately lead to an antitrust investigation into their business practices. Ofcom, the British media watchdog, published the initial findings of a market study examining the massive cloud services market. Ofcom opened a review into the sector in September, seeking to find whether firms offering public cloud infrastructure pose any barriers to competition. The regulator proposed referring the case for further investigation by the Competition and Markets Authority, the U.K. regulator tasked with ensuring markets are healthily competitive.
☆ Wall Street sees big growth prospects for Amazon. But first it needs to get its house in order
  + stars: | 2023-04-05 | by ( Paulina Likos | ) www.cnbc.com   time to read: +4 min
Wall Street this week suggested ecommerce giant Amazon (AMZN) still has significant room for growth across its cloud and advertising businesses. The firm defined retail media as "advertising that leverages retailers' proprietary customer data to target ad campaigns." Advertisers spent $80 billion on retail media in 2022, according to Morgan Stanley. The company "has already developed a leading onsite retail media offering through ad formats like sponsored products," they wrote. Morgan Stanley estimated Amazon will generate roughly $45 billion in ad services revenue this year, up from around $37.7 billion in 2022.
☆ 12 crypto projects supporting AI development as mega-cloud giants like Amazon dominate the space, according to a research analyst
  + stars: | 2023-04-03 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +7 min
"Despite the seemingly smooth progress of AI development, there are underlying challenges and bottlenecks that must be addressed. His recent report points to crypto projects that are developing decentralized machine learning compute networks. Crypto projects lowering the barrier to AIThere are five main stages in the development of AI, according to the report. The two crypto projects that currently have the ability for this are gensyn and together however their blockchains are not yet live. Both of the above tasks aren't as strenuous as model training, so more crypto projects can support them.
☆ The next big thing in Big Tech career path is an AI-based 'bilingual' job skillset
  + stars: | 2023-04-02 | by ( Eric Rosenbaum | ) www.cnbc.com   time to read: +8 min
Microsoft unveiled new versions of its Bing internet-search engine and Edge browser powered by the newest technology from ChatGPT maker OpenAI. But the biggest one of all may be next, he says, through the combination of artificial intelligence and branches of science involved in medicine. But the opportunity won't translate into achievement without a new form of collaboration between the classic big tech talent and the medical field. One of her portfolio companies, Insitro, was founded by Stanford AI researcher Daphne Koller (Koller co-founder edtech company Coursera). "There is lots of exciting big talent opportunities coming from big tech and big cap pharma," she said.
☆ I volunteered to be laid off from Amazon so I could try being a standup comedian
  + stars: | 2023-04-01 | by ( Sam Tabahriti | ) www.businessinsider.com   time to read: +4 min
Sarah Whiteman, 26, volunteered to be laid off at Amazon in January as part of its mass job cuts. I joined Amazon Web Services as a recruiter in April 2020, after being laid off from Nordstrom's finance department after the pandemic struck. I absolutely loved working at Amazon, and I moved into different roles before becoming a program manager for a new team handling onboarding across all of Amazon. Even though it was a great role and I loved the team, I volunteered to be laid off as part of Amazon's January 2023 layoffs. So I posted on LinkedIn about how I chose bravery following the layoffs, trying out standup while looking for another role.
☆ I got laid off from Meta. Here's how being a TikTok and Instagram creator gave me more time to evaluate my future after being let go.
  + stars: | 2023-03-31 | by ( Marta Biino | ) www.businessinsider.com   time to read: +6 min
A Meta employee built a social-media following by sharing career advice on TikTok and Instagram. Even prior to joining Meta, I had been sharing my career journey on social media. In my last six months at Meta, I moved into a product-marketing role, where I worked very closely with creators. Now, I don't know if I want to work at a corporation, and being a content creator has liberated me from the urgency to figure out my next step right away. After I got laid off, I was worried that my career content would lose credibility.
☆ Siemens investigating report employee worked for Russian hacking firm
  + stars: | 2023-03-31 | by ( ) www.reuters.com   time to read: +1 min
ZURICH, March 31 (Reuters) - Siemens (SIEGn.DE) has launched an investigation after Der Spiegel reported a former programmer from Russian IT company NTC Vulkan - which has reported links to Russian security services - worked for the German engineering and tech company. Der Spiegel reported on Friday that more than 90 former staff from NTC Vulkan worked for a several other European companies. The magazine said NTC Vulkan maintains close ties to all three major Russian intelligence services: FSB, GRU and SWR. Its so-called "Vulkan Files" said the company builds cyber programmes for the security services aimed at attacking critical infrastructure facilities. NTC Vulkan did not respond to requests for comment.
☆ Microsoft's Charlie Bell confirms security layoffs in internal email: 'While we have restructured in some areas, we will continue to invest to grow in others.'
  + stars: | 2023-03-28 | by ( Ashley Stewart | ) www.businessinsider.com   time to read: +2 min
Microsoft Security boss Charlie Bell confirmed layoffs in his organization. Bell said security remains critical for Microsoft and that it will continue to grow despite cuts. Microsoft Security boss Charlie Bell confirmed layoffs on his team in an internal email viewed by Insider. In Monday's email, Bell said security remains critical for Microsoft and that it will continue to grow the organization despite the cuts. "Security remains a critical area of investment for the company and our customers, and while we have restructured in some areas, we will continue to invest to grow in others."
☆ Morgan Stanley believes this mega-cap tech stock has 50% upside
  + stars: | 2023-03-27 | by ( Alex Harring | ) www.cnbc.com   time to read: +1 min
Amazon 's latest job cuts should help the company's profitability, Morgan Stanley said. His price target of $150 implies an upside of 52.9% over where the big technology stock ended Friday's session. The profitability of Amazon Web Services could be specifically helped given that it was one business area Nowak said he believed was targeted in the latest round. The first round was mainly targeted at lower-salaried roles, Nowak said, meaning the latest cuts can lead to higher average savings per employee. The stock has gained 16.8% since the start of 2023, regaining ground after tumbling nearly 50% in 2022.
☆ Club meeting recap: Cramer says 'speed of the crisis is over' after First Citizens' SVB deal
  + stars: | 2023-03-27 | by ( Paulina Likos | ) www.cnbc.com   time to read: +3 min
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. While the financial sector is not out completely out of the woods yet, "the speed of the crisis is over," Jim said Monday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
☆ How this 26-year-old went from running bitcoin trading desks in Taco Bells to creating the largest crypto exchange in Africa
  + stars: | 2023-03-25 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +28 min
Yellow Card CEO Chris Maurice just before meeting with the Securities and Exchange Commission in Accra, Ghana. Chris MauriceFrom there, Yellow Card users can send or receive digital cash in eligible markets. Zoom In Icon Arrows pointing outwards Yellow Card CEO Chris Maurice in Accra, Ghana loading cash onto his Mobile Money account, MoMo. Yellow Card has facilitated $1.75 billion in transactions since launching in 2019 and has about 220 employees – mostly in Africa. A resident checks his phone outside a mobile money kiosk in the Kibera district of Nairobi, Kenya, on Monday, Aug. 1, 2022.
☆ Leaked Microsoft documents show layoffs coming to Charlie Bell's security organization on Monday
  + stars: | 2023-03-24 | by ( Ashley Stewart | ) www.businessinsider.com   time to read: +2 min
Microsoft is planning layoffs in Charlie Bell's security organization, according to documents viewed by Insider. A person familiar with the plans said the cuts would affect hundreds of employees in the US. Microsoft is planning to conduct layoffs within Charlie Bell's security organization on Monday, according to documents viewed by Insider. Although, Bell's unit notified some employees in Europe and India about potential layoffs earlier this month. Security is intended to be a critical investment area for Microsoft, particularly since Bell's hiring, but those plans appear to have been stunted by the economic downturn.
☆ Panera Bread to start using handprints to greet you by name and suggest menu items
  + stars: | 2023-03-23 | by ( Aidan Pollard | ) www.businessinsider.com   time to read: +3 min
Panera Bread will allow customers to link their handprints to loyalty accounts, the company announced. Panera will use handprints to greet customers by name and suggest menu items based on preferences. It allows Panera employees to greet customers by name and suggest menu items based on their preferences, a company press release said Wednesday. Go customers have the option of linking their palm print to their Amazon accounts, or using a credit card or app. The use of Amazon One technology will be optional at Panera Bread, the company stressed, and private data obtained through the new technology will be protected by security controls.
☆ Indeed to lay off 2,200 employees
  + stars: | 2023-03-22 | by ( Dayun Park | ) edition.cnn.com   time to read: +2 min
CNN —Job listing website Indeed.com will cut approximately 2,200 employees, representing almost 15% of its total workforce, the company announced Wednesday. “The cuts come from nearly every team, function, level and region,” at the company, CEO Chris Hyams said in a memo released by the company. Within an hour after the memo was released, employees outside of the UK, Ireland, the Netherlands and Japan were expected to receive an email informing them of their status. Amazon CEO Andy Jassy announced that they will cut around 9,000 employees, primarily from Amazon Web Services, People Experience and Technology (PXT), advertising and Twitch. Meta also recently released its plan to cut 10,000 employees, on top of 11,000 layoffs announced last fall.
☆ One Amazon team posted nearly 25,000 job openings last year — when only 7,800 had been approved
  + stars: | 2023-03-22 | by ( Britney Nguyen | Eugene Kim | ) www.businessinsider.com   time to read: +3 min
A team at Amazon had posted 25,000 open jobs last year, but only 7,800 were approved, Insider found. A lack of oversight over the job-posting process led to "over-hiring," an internal document says. This week, Amazon announced it was cutting 9,000 jobs in addition to the 18,000 it cut in January. Amazon's "over-hiring" problem led "to span of control and level ratio defects," the document said. Defects in Amazon's "level ratio" could mean its unit hired more over-qualified or under-qualified people than what was budgeted for.
☆ Buy these 6 stocks to bet on the AI boom and future-proof your portfolio, according to a senior analyst
  + stars: | 2023-03-22 | by ( James Faris | ) www.businessinsider.com   time to read: +4 min
"I don't think there's any denying that AI is going to be the future," Jankowski said. 6 AI stocks to buyJankowski answered his own question by sharing six AI-focused stocks he's bullish on. "I don't think people realize or fully appreciate the sheer amount of computing capability it requires to run these programs and run AI," Jankowski said. Lastly, chipmakers whose silicon powers data centers will be among the biggest beneficiaries of the AI boom, Jankowski said. "We're looking at semiconductor companies — companies that focus on data centers," Jankowski said.
☆ US FTC seeking information on cloud providers market power
  + stars: | 2023-03-22 | by ( ) www.reuters.com   time to read: +1 min
WASHINGTON, March 22 (Reuters) - The Federal Trade Commission said Wednesday its staff is seeking information on cloud computing companies business practices including details on their market power, competition and potential security issues. Commission staff are seeking information about competitive dynamics of cloud computing. FTC staff are also interested in the impact of cloud computing on industries including "healthcare, finance, transportation, e-commerce, and defense." The U.S. cloud computing business is dominated by four providers that include Alphabet's Google (GOOGL.O), Amazon Web Services Inc (AMZN.O), Microsoft Corp (MSFT.O) and Oracle Corp (ORCL.N). Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.
☆ Amazon has rolled out contactless tech to 200 locations including Panera cafes
  + stars: | 2023-03-22 | by ( Jeffrey Dastin | ) www.reuters.com   time to read: +2 min
The e-commerce and cloud-computing giant is widening deployment of its contactless technology with existing customers, Vice President Dilip Kumar said in an interview. Amazon declined to provide growth figures, but in June 2022 the company said more than 69 locations in the U.S. and UK had such technology. On Wednesday the U.S. cafe chain Panera Bread unveiled Amazon One devices, which let customers scan their palms to pay, for two locations in greater St. Louis. Nearly 150,000 employees at tech companies have faced cuts this year alone, according to industry tracker Layoffs.fyi. "It wasn't as bad" for tech companies in the 2008 financial crisis.
☆ How Amazon’s flawed job posting process caused it to overhire
  + stars: | 2023-03-22 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
Before I go check my remaining stash to make sure it's all real, let's dive into today's tech. Amazon's flawed job posting process. The company had little oversight of the hiring process until last year, Insider learned. Check out this leaked, all-hands message about "single-digit" percentage cuts to AWS)My colleague Eugene Kim breaks down Amazon's flawed hiring process. He shared the red flags he overlooked during the hiring process, including the hiring of a new chief revenue officer.
☆ Leaked Amazon all-hands messages suggest 'single-digit' percentage cuts to 180,000-employee AWS, which still means at least 1,800 could get laid off
  + stars: | 2023-03-21 | by ( Ashley Stewart | ) www.businessinsider.com   time to read: +2 min
Amazon's latest round of layoffs will include "a small, single-digit percentage" of cloud employees. Employees hoped a cloud unit all-hands would shed some light, but it provided little information. Amazon's latest round of layoffs will include "a small, single-digit percentage" of the employees in the company's massive Amazon Web Services cloud unit, according to leaked internal messages and employees present at the unit's all-hands meeting. Amazon CEO Andy Jassy on Monday announced plans to cut 9,000 employees, on top of the 18,000 layoffs the company announced earlier this year. Employees hoped a cloud unit all-hands would shed light on the plans, but according to internal Slack messages and employees present on the call, AWS CEO Adam Selipsky revealed little beyond saying a single-digit percentage of the cloud unit would be impacted.
☆ Leaked document shows Amazon's flawed job-posting process led to 'over-hiring,' with one team listing 3 times more openings than approved for
  + stars: | 2023-03-21 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +6 min
Amazon lacked internal oversight and governance in listing job posts, leading to over hiring, according to an internal document. That means the utility computing team had over 3-times more job postings than the headcount target at the time. The document points to Amazon's lack of standardization and governance for the gap between the job postings and open headcount. "This enabled over-hiring in certain cost centers and contributed to span of control and level ratio defects," the internal document said. This person said Amazon's lack of oversight in job postings and the related hiring process caused "over-hiring issues" and leaders trying to "squeeze people in where they could."
☆ Amazon to cut 9,000 jobs in second round of layoffs
  + stars: | 2023-03-20 | by ( ) www.reuters.com   time to read: +2 min
[1/3] The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, November 15, 2022. Whereas prior cuts had focused on the company's e-commerce and devices business as well as human-resources staff, now the company would eliminate roles from Amazon Web Services, its advertising and Twitch streaming units. Amazon follows Facebook-parent Meta in becoming the second bellwether to announce a second round of cuts. Amazon has scaled back or shut down entire services like its virtual primary care offering for employers. Facebook-parent Meta Platforms said it would cut 10,000 jobs this year, following the first mass layoff in the fall, which eliminated more than 11,000 jobs.
☆ Amazon to lay off 9,000 more workers in addition to earlier cuts
  + stars: | 2023-03-20 | by ( Annie Palmer | ) www.cnbc.com   time to read: +5 min
The latest round will primarily impact Amazon's cloud computing, human resources, advertising and Twitch livestreaming businesses, Jassy said in the memo. Amazon is undergoing the largest layoffs in company history after it went on a hiring spree during the Covid-19 pandemic. Amazon froze hiring in its corporate workforce, axed some experimental projects and slowed warehouse expansion. Some may ask why we didn't announce these role reductions with the ones we announced a couple months ago. To those ultimately impacted by these reductions, I want to thank you for the work you have done on behalf of customers and the company.
<< prev 26 next >>
Total: 25