Add news
March 2010
April 2010
May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020December 2020January 2021February 2021March 2021April 2021May 2021June 2021July 2021August 2021September 2021October 2021November 2021December 2021January 2022February 2022March 2022April 2022May 2022June 2022July 2022August 2022September 2022October 2022November 2022
News Every Day |

Amazon's job cut plans show that tech isn't out of the woods just yet

It's now Tuesday, and you know what that means? It's not Monday anymore, and that is something to celebrate. This is Matt Weinberger in San Francisco, filling in once again for Jordan Erb. 

The tech industry was already reeling from the recent cuts at companies like Meta, Twitter, and Salesforce. This week, things got worse, as reports indicate that Amazon is planning job cuts of some 10,000 people, largely in its retail, devices, and human resources divisions. A layoff of that size would only represent about 1% of Amazon's global workforce, and 3% of its corporate employees.

It's a good reminder that as bad as things have been in tech, there's still room for things to get worse. Indeed, as Insider reported last week, Mark Zuckerberg isn't ruling out the possibility of more layoffs at Meta

On that cheery note, let's get into the news.

If this was forwarded to you, sign up here. Download Insider's app here.

Amazon CEO Andy Jassy motions with his hands on stage at the GeekWire Summit.
Amazon CEO Andy Jassy

1. Amazon job cuts are coming. Amazon CEO Andy Jassy has made cost-cutting a major priority of his tenure as the retail giant's top executive, and now the retailer is said to be preparing for the largest layoff in its history.

Read more about the reported layoff plan at Amazon here.

Facebook CEO Mark Zuckerberg testifies before the U.S. House Financial Services Committee during An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors hearing on Capitol Hill in Washington D.C., the United States, on Oct. 23, 2019.
Meta CEO Mark Zuckerberg

2. Jeff Bezos plans to give away his fortune. Speaking of Amazon, Jeff Bezos announced plans on Monday to give away the majority of his $124 billion to charitable causes. He says his top priorities will be funding initiatives related to the climate crisis and supporting people that unify humanity.

3. The internal Zuckerberg backlash has begun. Insider reports that employees at Meta are getting fed up with Mark Zuckerberg, exacerbated by last week's sweeping layoff of some 11,000 people. Those who remain at the company say that there's not a lot of clarity on who has left the company, leaving employees scrambling to figure out which teams and projects  have been canned. Read more on the mood inside Meta here.

4. Apple could build its own metaverse. Apple job postings indicate that when the company finally drops its long-awaited augmented-slash-virtual reality headset, it could come alongside a full-on virtual world out of the box. Meta has tried something similar with its Horizon Worlds for its Oculus headsets, to what could charitably be called a mixed reception

5. The FTX bust is splashing cold water on crypto startups. Insider's April Joyner reports that venture capitalists relied on so-called "safe bets" like FTX to break into the cryptocurrency industry. But with FTX imploding in front of our very eyes, it's more clear than ever that there's not always a port in a storm — and expect investment in the market to cool off significantly. Read more on the venture capital crypto reckoning here.

6. Earning $244,000 as a tech freelancer. The tech titans are known for paying the big bucks, but that's not the only way to make it in tech. Insider spoke with a freelancer who made $244,000 in 2021 taking on contract gigs for hire

7. Cheaters everywhere. One traditional way to get ahead in your tech career is to pass a certification exam that shows you have deep technical chops in areas of specialty like Microsoft's Azure cloud or Cisco's networking switches. But Insider's Rob Price reports on a cheating epidemic in the world of tech certifications, with test answers only a Google search away and no way to tell who did the homework and who's a fraudster. Read more here.

8. Twitter's $400 lunches? Elon Musk said that Twitter spent $13 million on food service at its offices last year, which worked out to about $400 per person, per meal because most employees were working from home. A former employee, meanwhile, says that the average per-person spend on food was more like $20-25 per meal.

Odds and Ends: 

The Pininfarina Battista.
The Pininfarina Battista

9. The $2 million electric supercar. Insider's Tim Levin got behind the wheel of the Pininfarina Battista — a $2 million, 1900-horsepower electric supercar. Levin says the acceleration must be seen to be believed. If you want one, though, act fast: They're only making 150.  

10. If Instagram likes are getting your anxiety up, Insider has the complete guide on how to hide them for your own posts or others

What we're watching today:

  • The Forbes Future of Work summit will be held today, both in-person in New York City and virtually. Speakers incude Thrive Capital CEO Arianna Huffington and Kenneth Chenault, the former American Express CEO and current chairman of venture capital firm General Catalyst.
  • CNBC is holding its virtual Technology Executive Committee summit on Tuesday. Executives like UiPath CEO Robert Enslin and Meta VP of Reality Labs partnerships Ash Jhaveri will speak alongside figures including former Treasury Secretary Steven Mnuchin.
  • Fortune is kicking off its Most Powerful Women Next Gen conference in San Diego, California on Tuesday. Tech leaders like Ancestry CEO Deb Liu and Scale AI CEO Lucy Guo will appear on stage.

Keep updated with the latest tech news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom. Listen here.

Curated by Matt Weinberger in San Francisco. (Feedback or tips? Email or tweet @gamoid.) Edited by Hallam Bullock (tweet @hallam_bullock) in London.

Read the original article on Business Insider

Read also

Next week’s economic data will tell us a lot

Bobcats Douse Tauros in Historic Fashion, 8-1

Rishi Sunak warned by Jacob Rees-Mogg not to U-turn on ditching EU rules

News, articles, comments, with a minute-by-minute update, now on

News Every Day

Uber Bans Racist Karen After Viral Video Shows White Woman’s ‘Sickening’ Anti-Black Racism Toward Driver — latest news 24/7. You can add your news instantly now — here

News Every Day

Uber Bans Racist Karen After Viral Video Shows White Woman’s ‘Sickening’ Anti-Black Racism Toward Driver

Sports today

Новости тенниса
Кубок Дэвиса

"Кубок Дэвиса". Лоренцо Сонего обыграл Фрэнсиса Тиафо и вывел Италию вперёд

Спорт в России и мире

В отелях сети Constance пройдет международный турнир по гольфу


All sports news today


Sports in Russia today


Журналисты «Радио Зенит» стали лауреатами премии «Энергия побед»

Новости России

Game News

Vivo X90 Pro+ может стать первым смартфоном на Snapdragon 8 Gen 2


Карен Суджян: «С детьми нужно разговаривать»

Губернаторы России
Татьяна Рязапова

Карен Суджян: «С детьми нужно разговаривать»

Квадраты тают: площадь жилья в столичных новостройках продолжает снижаться

Ростовчане могут проголосовать за участника от Юга в конкурсе историй билайн с призом в миллион рублей

Москвичам рассказали о начале онлайн-экскурсии по павильону «Макет Москвы»

Псковская школьница стала призером премии Росприроднадзора

​Петр Лундстрем избран членом Центрального штаба «Культурного фронта России»

Найк Борзов выступит в «16 тоннах» на Новый год

Светлана Сурганова перенесла концерт своей группы из-за простуды

Бастрыкина попросили проверить песню рэпера OG Buda из-за фашистов в тексте

Федерация тенниса Германии готова принять на работу Бориса Беккера после его выхода из тюрьмы

Андрей Ольховский: У Кудерметовой хорошие шансы получить награду WTA в номинации "Прогресс года"

Главврач ивановской ГКБ №7 Анастасия Потапова оспорит через суд взыскание областного депздрава

Новак Джокович завершил бы сезон вторым, а Ник Киргиос - 11-м, если бы Уимблдон не лишили очков


Карен Суджян: «С детьми нужно разговаривать»

"Можно правильно направить все программные орудия мира": Анатолий Голод, Служба общей информационной безопасности

Почему турецкий минисултан Алиев отказался от переговоров с Макроном по Армянскому вопросу

 КЛЮЧАВТО открыл 7 дилерских центров OMODA

Владимир Путин подчеркнул важность активного развития искусственного интеллекта

Московский суд лишил наследственных прав детей умершего от COVID миллиардера Бурлакова


Режиссер Астрахан высказался о гибели вдовы Станислава Говорухина

«Серый кардинал» из Шаховского

О «минировании» школы в Оренбурге сообщил девятиклассник из Алапаевска

Нижегородский вуз вошел в рейтинг влиятельности высших учебных заведений России

Путин в России и мире

Персональные новости


Косторная выступила на открытии катка ВДНХ с показательным номером под песню МакSим «Научусь летать»

News Every Day

VantageScore is the second largest credit scoring model. It's slowly gaining momentum, but may become very important soon.

Friends of Today24

Музыкальные новости

Персональные новости