Latest news with #KanjyikGhosh
Yahoo
07-05-2025
- Business
- Yahoo
Google cuts about 200 staff in global business unit, The Information reports
FILE PHOTO: FILE PHOTO: People walk next to a Google logo during a trade fair in Hannover Messe (Reuters) -Google on Tuesday cut about 200 jobs across its global business unit, which is responsible for sales and partnerships, The Information reported on Wednesday, citing a person with knowledge of the situation. Big Tech players have been redirecting spending towards data centers and AI development, while scaling back investments in other areas. The company told Reuters in a statement that it was making a small number of changes across teams "to drive greater collaboration and expand our ability to quickly and effectively serve our customers." The Information reported last month that Google had laid off hundreds of employees in its platforms and devices unit, which houses the Android platform, Pixel phones and the Chrome browser among other applications. In January 2023, Google-parent Alphabet announced plans to cut 12,000 jobs, or 6% of its global workforce. It had 183,323 employees as of December 31, 2024, according to a filing in February. Among other major job cuts, Facebook-parent Meta laid off about 5% of its "lowest performers" in January, while pushing ahead with the expedited hiring of machine learning engineers. Microsoft also trimmed 650 jobs in its Xbox unit in September. Amazon laid off employees in several units, including communications, while Apple eliminated about 100 roles in its digital services group last year, according to media reports. (Reporting by Kanjyik Ghosh and Gnaneshwar Rajan in Bengaluru; Editing by Anil D'Silva)
Reuters
07-05-2025
- Business
- Reuters
Google cuts about 200 staff in global business unit, The Information reports
People walk next to a Google logo during a trade fair in Hannover Messe, in Hanover, Germany, April 22, 2024. REUTERS/Annegret Hilse/File Photo Purchase Licensing Rights , opens new tab May 7 (Reuters) - Google on Tuesday cut about 200 employees across its global business unit, which is responsible for sales and partnerships, The Information reported on Wednesday, citing a person with knowledge of the situation. The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up here. Reporting by Kanjyik Ghosh; Editing by Anil D'Silva Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
Zawya
15-04-2025
- Business
- Zawya
Binance among crypto exchanges hit by Amazon Web Services outage
Crypto exchange Binance said it briefly stopped allowing users to withdraw from the platform on Tuesday, due to an issue involving an Amazon Web Services (AWS) data centre, while other crypto exchanges also reported problems. Binance posted on X that withdrawals were suspended "to keep safe", before posting around ten minutes later that withdrawals had resumed. A spokesperson for Binance said withdrawals were suspended for around 23 minutes. AWS's service dashboard showed a "connectivity issue" affected its Tokyo cloud region at 1.15 a.m. PDT (0815 GMT). The issue was resolved by 1.51 a.m. PDT (0851 GMT). 'The issue has been resolved and the service is operating normally,' an AWS spokesperson said. Another crypto exchange, KuCoin, also said it was experiencing "temporary disruptions". "Our technical team is urgently working on a fix, and the recovery time will be announced separately. Rest assured that your assets remain secure and all data is intact," KuCoin said in a post on X. A spokesperson for KuCoin said via email that the disruption was due to an AWS outage that affected services across the Tokyo data centre. "Some services have already been restored, and our team is working closely with AWS to recover full functionality as quickly as possible. No user assets or data have been affected," the spokesperson said. Crypto exchange MEXC said in a post on X that due to AWS disruption, users may experience issues including "abnormal candlestick charts", "failed order cancellations" and "delays in asset transfers for spot trading". "We want to assure you that your assets on MEXC remain fully secure. For any losses incurred as a result of this platform-related issue, we will prepare a compensation plan to appropriately reimburse affected users," MEXC said. (Reporting by Kanjyik Ghosh, Elizabeth Howcroft and Supantha Mukherjee; Editing by Amanda Cooper)
Reuters
30-01-2025
- Business
- Reuters
Weight-loss drug developer Metsera raises $275 million in US IPO
Jan 30 (Reuters) - Weight-loss drug developer Metsera has raised $275 million after pricing its U.S. initial public offering at $18 per share, above its targeted range, the ARCH Venture Partners-backed biotech company said on Thursday. Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here. Reporting by Prakhar Srivastava and Kanjyik Ghosh in Bengaluru; Editing by Alan Barona
