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The Latest Breaking News from Alphabet

Apple, Alphabet and Amazon hurt as economic slump crimps demand

Apple Inc, Amazon.com Inc and Alphabet Inc, technology bellwethers with a combined market value approaching $5 trillion, posted results Thursday that show an economic slowdown is throttling demand for electronics, e-commerce, cloud computing and digital advertising — mainstays of the global tech economy.

The Times of India

Google, Apple Disappoint as Tech Earnings Hit by Gloom

Google and Apple on Thursday reported downbeat results for the last quarter of 2022 as Amazon beat expectations, but warned that the coming months would be uncertain in a difficult moment for Big Tech. The tech titans posted earnings as shares in Meta skyrocketed a day after it reported better…

Asharq Al-Awsat

FTSE 100 Live: Tech giants under pressure after earnings updates

The improved stock market mood is under strain today after earnings updates by tech giants Apple, Google owner Alphabet and Amazon.

Evening Standard

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Afternoon Update: national cabinet falls short on primary care, AMA says; US police kill again; and a Chinese spy balloon

Strengthening Medicare report welcomed but experts criticise lack of detail on making GPs more affordable for Australians

The Guardian - AU

Google shares slip after sales miss as advertising demand slows

Google parent Alphabet Inc. reported fourth-quarter results that narrowly missed analysts’ expectations, signaling lower demand for its search advertising during a slowing economy.

Tribune News Service

Brian Merchant: How Big Tech is using mass layoffs to bring workers to heel

In Silicon Valley, the new year began as the last one ended — with tens of thousands of tech workers losing their jobs. Just a few days into 2023, Amazon Chief Executive Andrew Jassy announced that there would be 18,000 layoffs across the company. Within weeks, Microsoft revealed it was…

Los Angeles Times

A Google worker on maternity leave says she found out she’d been laid off while she was up feeding her newborn at 4:30 a.m.

Google parent company Alphabet recently announced it would be laying off around 12,000 people.

Fortune

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Why has Alphabet hit the panic button? Only Google can answer that question

The economic downturn, US lawsuits and the fear of rising tech rivals could be reasons for the firm’s 'code red” alert, but it still has an AI ace up its sleeve

The Guardian - UK

'There was no humanity': The cruelty of tech layoffs leaves employees emotionally devastated

In an industry that thrives on cold efficiency, a little humanity can go a long way.

Fortune

Editorial: We’re feeling lucky: Google antitrust lawsuit can set precedent for tech monopolies

It’s not every day that the federal government and states as varied as Tennessee and New York find themselves on the same side of a legal dispute, but these were joined by New Jersey, Virginia, Colorado, California, Rhode Island and Connecticut yesterday in filing suit against Google parent company Alphabet…

Tribune News Service

The government is ganging up on Google. Why it might finally win this time

Federal and state officials from both sides of the aisle are taking aim at the Alphabet unit’s power over the ad market.

Fortune

DOJ Antitrust Suit Seeks To End Google Ad Dominance. The Market Is Already Taking Care of That.

Plus: Journalism versus qualified immunity, Mississippi bill would end civil asset forfeiture, and more...

Reason

Massage therapists at Google HQ are among those who have lost their jobs

Those left working at Google's headquarters in Mountain View may struggle to book in an in-house massage following cuts to the service.

Fortune

US sues Google to break up ad unit in escalating antitrust fight

The U.S. Justice Department and eight states sued Alphabet Inc.’s Google, calling for the break up of the search giant’s ad-technology business over alleged illegal monopolization of the digital advertising market.

Tribune News Service

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Tribune News Service

US sues Google to break up ad unit in heated antitrust fight

Tribune News Service

US sues Google to break up ad unit in escalating antitrust fight

Fortune

Former Google employee's videos show shift from free office snacks to tears and layoffs

Google employees went from in-office perks to being randomly laid off by email in what she described as a "really bad game of Russian roulette."

Fortune

Rishi Sunak's old hedge fund boss wants Alphabet to lay off more staff and slash pay

Alphabet is already planning to reduce its workforce by around 6%, but the U.K. Prime Minister's old boss at TCI Fund Management wants Sundar Pichai to go further.

Get all your
news in one place.

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Evening Standard

Why is Google laying off 12,000 staff?

The company will let go 6 per cent of its workforce.

Fortune

Big tech is crowing about A.I. as it lays off tens of thousands of workers

Microsoft is letting go of 10,000 workers while CEO Satya Nadella tells Davos, "A golden age of A.I. is underway."

Fortune

Alphabet’s layoff notice shows Microsoft and OpenAI are getting under the Google parent’s skin

The search giant used its layoff announcement to foreshadow the coming release of A.I.-powered products.

Fortune

Google employees allowed to work from home after Alphabet layoffs

Sundar Pichai said Alphabet plans to support the employees leaving the company as they look for new jobs.

The Independent UK

Google announces mass layoffs amid tech slump. Read the CEO’s full memo on the cuts

More than 50,000 workers at big tech firms have lost their jobs in recent months

Axios

A tale of two job markets

Layoffs signal trouble ahead, yet other key indicators show an economy that's chugging along.

The Independent UK

Google announces ‘difficult news’ as it fires 12,000 staff

Staff cuts follow similarly vast reductions at Microsoft, Amazon and Meta

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People

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