Latest news with #WebServices
Yahoo
5 days ago
- Business
- Yahoo
Microsoft Axes 300 More Jobs After 6,000 Cut
Microsoft (NASDAQ:MSFT) cuts another 300 jobs on top of its 6,000-worker reduction, underscoring ongoing cost pressures. The latest wavemore than 300 positions eliminated this week per Washington state filingsfollows Microsoft's announcement last month to cut 3% of its global staff (about 6,000 roles). Warning! GuruFocus has detected 4 Warning Sign with MSFT. These additional cuts bring Microsoft's total 2025 reductions to roughly 6,300, making it one of the largest tech-sector layoffs this year alongside Intel (NASDAQ:INTC). Bloomberg reports did not detail which teams were affected, but the cuts align with Microsoft's plan to implement organizational changes necessary to best position the company for success in a dynamic marketplace. Through May, 137 tech firms have slashed 62,114 jobsprojected to total 145,080 by year-end, down from 152,922 in 2024according to Microsoft's incremental layoffs come despite a modest 0.12% stock uptick this morning, even as investors weigh mixed signals from its cloud and AI revenue growth against tighter expense controls. After reporting Q3 results with 25% Azure revenue growth but rising operating costs, management has signaled continued discipline in hiring. Investors should care because Microsoft's layered cuts illustrate the tension between funding AI and cloud initiatives and restraining labor expensescritical as Azure competes with Amazon (NASDAQ:AMZN) Web Services and Google (NASDAQ:GOOG) Cloud. Persistent headcount reductions may dampen morale and slow product development, even as they bolster near-term margins. This article first appeared on GuruFocus.
Yahoo
5 days ago
- Business
- Yahoo
Microsoft Axes 300 More Jobs After 6,000 Cut
Microsoft (NASDAQ:MSFT) cuts another 300 jobs on top of its 6,000-worker reduction, underscoring ongoing cost pressures. The latest wavemore than 300 positions eliminated this week per Washington state filingsfollows Microsoft's announcement last month to cut 3% of its global staff (about 6,000 roles). Warning! GuruFocus has detected 4 Warning Sign with MSFT. These additional cuts bring Microsoft's total 2025 reductions to roughly 6,300, making it one of the largest tech-sector layoffs this year alongside Intel (NASDAQ:INTC). Bloomberg reports did not detail which teams were affected, but the cuts align with Microsoft's plan to implement organizational changes necessary to best position the company for success in a dynamic marketplace. Through May, 137 tech firms have slashed 62,114 jobsprojected to total 145,080 by year-end, down from 152,922 in 2024according to Microsoft's incremental layoffs come despite a modest 0.12% stock uptick this morning, even as investors weigh mixed signals from its cloud and AI revenue growth against tighter expense controls. After reporting Q3 results with 25% Azure revenue growth but rising operating costs, management has signaled continued discipline in hiring. Investors should care because Microsoft's layered cuts illustrate the tension between funding AI and cloud initiatives and restraining labor expensescritical as Azure competes with Amazon (NASDAQ:AMZN) Web Services and Google (NASDAQ:GOOG) Cloud. Persistent headcount reductions may dampen morale and slow product development, even as they bolster near-term margins. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Snowflake expands AI capabilities with $250 million Crunchy Data deal
-- Snowflake Inc (NYSE:SNOW) will acquire Crunchy Data for roughly $250 million, according to a report from the Wall Street Journal citing people familiar with the matter, as the cloud data firm expands its footprint in artificial intelligence. The deal is a strategic move aimed at capturing enterprise demand for AI agents tailored to specific datasets, and markets have responded, sending Snowflake stock up 2% ahead of close. The acquisition puts Snowflake in more direct competition with Databricks, which recently acquired Neon in a $1 billion transaction. Both moves reflect a broader industry trend toward consolidating database technology to power next-generation AI tools. Crunchy Data offers a managed PostgreSQL database platform used by large enterprises and U.S. government agencies to streamline infrastructure management. Through the acquisition, Snowflake plans to fold Crunchy into a new offering called Snowflake Postgres, according to the company. Around 100 employees from Crunchy Data are expected to join Snowflake as part of the deal, which is anticipated to close in the coming weeks. Snowflake Postgres is intended to serve as a key layer for developers running AI applications directly on their enterprise data. Snowflake's push into AI-ready infrastructure reflects broader efforts to position itself against tech giants like Nvidia (NASDAQ:NVDA) and OpenAI. These efforts align with Snowflake's prior acquisition of generative AI startup Neeva in 2023 for an undisclosed sum. Snowflake has seen rapid adoption of its AI tools, with more than 5,200 customers now reportedly using its platform weekly for AI workloads. The company also surpassed $1 billion in quarterly revenue for the first time in the period ending April 30, beating analyst expectations. Snowflake's platform continues to benefit from multicloud support across Amazon (NASDAQ:AMZN) Web Services, Microsoft (NASDAQ:MSFT) Azure, and Google (NASDAQ:GOOGL) Cloud, a factor that has fueled demand as organizations retire on-premise data systems. With the Crunchy Data acquisition, Snowflake further embeds itself in the backend infrastructure that enterprise AI development increasingly relies on. Related articles Snowflake expands AI capabilities with $250 million Crunchy Data deal - WSJ Tempus AI recovers 15% as Wall Street downplays Spruce Point allegations Trump administration seeks best trade offers by Wednesday - Reuters Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Snowflake expands AI capabilities with $250 million Crunchy Data deal
-- Snowflake Inc (NYSE:SNOW) will acquire Crunchy Data for roughly $250 million, according to a report from the Wall Street Journal citing people familiar with the matter, as the cloud data firm expands its footprint in artificial intelligence. The deal is a strategic move aimed at capturing enterprise demand for AI agents tailored to specific datasets, and markets have responded, sending Snowflake stock up 2% ahead of close. The acquisition puts Snowflake in more direct competition with Databricks, which recently acquired Neon in a $1 billion transaction. Both moves reflect a broader industry trend toward consolidating database technology to power next-generation AI tools. Crunchy Data offers a managed PostgreSQL database platform used by large enterprises and U.S. government agencies to streamline infrastructure management. Through the acquisition, Snowflake plans to fold Crunchy into a new offering called Snowflake Postgres, according to the company. Around 100 employees from Crunchy Data are expected to join Snowflake as part of the deal, which is anticipated to close in the coming weeks. Snowflake Postgres is intended to serve as a key layer for developers running AI applications directly on their enterprise data. Snowflake's push into AI-ready infrastructure reflects broader efforts to position itself against tech giants like Nvidia (NASDAQ:NVDA) and OpenAI. These efforts align with Snowflake's prior acquisition of generative AI startup Neeva in 2023 for an undisclosed sum. Snowflake has seen rapid adoption of its AI tools, with more than 5,200 customers now reportedly using its platform weekly for AI workloads. The company also surpassed $1 billion in quarterly revenue for the first time in the period ending April 30, beating analyst expectations. Snowflake's platform continues to benefit from multicloud support across Amazon (NASDAQ:AMZN) Web Services, Microsoft (NASDAQ:MSFT) Azure, and Google (NASDAQ:GOOGL) Cloud, a factor that has fueled demand as organizations retire on-premise data systems. With the Crunchy Data acquisition, Snowflake further embeds itself in the backend infrastructure that enterprise AI development increasingly relies on. Related articles Snowflake expands AI capabilities with $250 million Crunchy Data deal - WSJ Tempus AI recovers 15% as Wall Street downplays Spruce Point allegations Trump administration seeks best trade offers by Wednesday - Reuters
Yahoo
13-05-2025
- Business
- Yahoo
Audit Peak earns ‘pass' rating under AICPA Peer Review
US-based CPA firm Audit Peak has secured a 'pass' rating in a peer review conducted under the AICPA Peer Review Program. The peer review is a mandatory evaluation for CPA firms that provide attest services. It is designed to assess a firm's quality control system against the AICPA's professional standards. Audit Peak said achieving a 'Pass' rating is a testament to its dedication to maintaining industry-leading practices in accounting and auditing, as well as its compliance with the Service Organisation Control (SOC) standards. Audit Peak compliance officer Chevorne Lewis said: 'Achieving a successful peer review is a significant milestone that reflects our dedication to upholding the highest standards of quality and integrity. 'This accomplishment reinforces our team's unwavering commitment to delivering exceptional compliance and audit solutions for organisations of all sizes and industries. Our clients can trust that every audit and SOC report we deliver meets the most rigorous professional standards in the industry—perfectly aligning with our mission of delivering Compliance at Its Peak.' It offers Big four–level audit expertise combined with the personalised service of a boutique firm. The firm noted that its consultants have extensive experience in leading audits across various industries and regions, catering to a diverse clientele that includes small businesses and Fortune 100 companies. Audit Peak's expertise covers both traditional and modern cloud environments, including platforms such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. The firm also provides a wide array of audit and compliance services, such as SOC 1, SOC 2, HIPAA, NIST CSF, and GDPR audits, among others. "Audit Peak earns 'pass' rating under AICPA Peer Review" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
