Google moves part of operations and lays off employees once more
For the second time this year, Google is laying off a large number of employees. The round of layoffs mainly affects the finance and real estate departments of Alphabet, Google's parent company.
The layoffs follow an earlier major round of layoffs this year. Last year, Google and other Alphabet ... Read more
Google parent weighing up its biggest acquisition target ever: HubSpot
Regulators are not shy about thwarting Big Tech acquisitions. Yet Google parent company Alphabet may be willing to run that gauntlet by acquiring CRM player HubSpot.
The deal is anything but certain. Reuters reports that Alphabet has met with bankers from Morgan Stanley in recent days. Topics at... Read more
Microsoft and Google see cloud revenue surge
Quarterly figures from Microsoft and Google parent Alphabet show substantial year-on-year growth in cloud revenue. The tech giants posted 29 percent and 22.5 percent growth in revenue from their cloud operations, respectively.
Microsoft's Intelligent Cloud division, which includes Azure, came in... Read more
Google parent, Amazon, Apple, Meta and Microsoft pointed out as ‘gatekeepers’
The European Commission appoints six tech companies as gatekeepers. Certain applications of these companies will, therefore, have to comply with the Digital Markets Act (DMA) from spring 2024.
The following companies were designated as gatekeepers by the European Commission today: Alphabet, Amaz... Read more
EU may demand Google to sell part of its ad-tech business
In a development that could send shockwaves through the tech industry, Alphabet's Google may face an order from European Union antitrust regulators to sell a portion of its advertising-technology business.
A source with direct knowledge of the matter revealed this information to Reuters on Monda... Read more
German antitrust watchdog: “insufficient transparency” in online ads
Google has an unfair market advantage in behavioural advertising, according to the German competition authority.
This week Germany's antitrust regulator, the Bundeskartellamt (Federal Cartel Office) announced that it had published the final report on its sector inquiry into non-search online adv... Read more
Google’s cloud division posts quarterly profits for the first time
Google’s parent company's net income was $15.05 billion, compared to $16.44 billion in the previous year, with earnings before certain costs coming to $1.17 per share, higher than the expected $1.07 per share. Revenue for the quarter topped $69.79 billion, beating analysts' predictions of $68.9 b... Read more
US tech giants find it hard to lay off European workers
The American policy of "hire and fire" is simply not allowed under some European labour laws.
After announcing massive rounds of layoffs, US tech companies like Amazon and Google are struggling to reduce staff in places like Germany and France, according to Bloomberg.
In the highly volatile U... Read more
Alphabet profit falls 34% due to ads slow down
Alphabet, the parent of Google, is facing a period of stalled growth amidst the ongoing economic turbulence in Silicon Valley. Gone are the days of exponential profit and employee growth as the company navigates a slowdown in digital advertising.
In its latest financial statement, Alphabet poste... Read more
San Francisco wants to put the brakes on rollout of robotaxis
The move comes after driverless taxis have caused mayhem on the city's streets.
San Francisco city officials have sent letters to the California Public Utilities Commission (CPUC) asking to slow or halt the expansion of robotaxi services in the city. NBC News reports that San Francisco Transport... Read more