6 min
Microsoft may cut 5% workforce, announce 10,000 layoffs – reports; Mad Street Den raises $30 mln One Thing Today in Tech
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- Technology
Microsoft will likely announce thousands of job cuts soon resulting from a decision to cut 5 percent of its global workforce, Sky News reported yesterday. With more than 220,000 employees at Microsoft, that could mean more than 10,000 layoffs, The Verge pointed out. Also in this brief, Apple’s new MacBook Pro laptops with the M2 chips, Google’s plan for an Airtag-like tracker, and investors take IBM to court for alleged misleading information on its cloud and AI revenue.
Notes:
Microsoft will likely announce thousands of job cuts soon resulting from a decision to cut 5 percent of its global workforce, Sky News reported yesterday. With more than 220,000 employees at Microsoft, that could mean more than 10,000 layoffs, The Verge pointed out.
While Sky News doesn’t give an exact date for the expected cuts, The Verge reports that the company could make the announcement as early as today, ahead of its quarterly earnings results next week, citing a source familiar with the plans.
Apple yesterday announced new 14-inch and 16-inch MacBook Pro running on its M2 Pro and M2 Max processors, which as the names suggest, are aimed at professional users requiring serious juice. Apple says tasks like effects rendering can be up to six times faster than the fastest Intel-based MacBook Pro, and colour grading, up to 2x faster.
The 14-inch Macbook Pro starts at just under 2.5 lakh rupees in India. The 16-inch version will set you back by about Rs. 3,10,000.
Apple also unveiled a new Mac Mini with the M2 processors.
Google will be the latest Big-Tech company to make a Bluetooth tracker, following in the footsteps of Tile, Apple, and Samsung, Ars Technica reports. Android researcher Kuba Wojciechowski has spotted code for a Google first-party Bluetooth tracker codenamed—just in time for The Mandalorian season 3—"Grogu," according to Ars Technica.
IBM, along with 13 of its current and former executives, has been sued by investors who claim the IT giant used mainframe sales to fraudulently prop up newer, more trendy parts of its business, like cloud and Watson, the AI solution, The Register reported yesterday.
In effect, IBM deceived the market about its progress in developing Watson, cloud technologies, and other new sources of revenue, by deliberately misclassifying the money it was making from mainframe deals, assigning that money instead to other products, it is alleged, according to The Register.
The accusations emerged in a lawsuit filed late last week against IBM in New York on behalf of the June E Adams Irrevocable Trust, according to The Register.
Mad Street Den, an enterprise AI software provider, has raised $30 million in series C funding, led by Avatar Growth Capital, with participation from existing investors Sequoia Capital and Alpha Wave Global. The money will help Mad Street Den – known for its solutions for the retail industry – to expand its products to several other verticals.
Founded in 2016 by Ashwini Asokan and Anand Chandrasekaran, Mad Street Den, a Silicon Valley and Chennai company, has seen strong demand for its AI platform in the last two years, as businesses around the world have stepped up their cloud and digital tech initiatives after the Covid pandemic.
Microsoft will likely announce thousands of job cuts soon resulting from a decision to cut 5 percent of its global workforce, Sky News reported yesterday. With more than 220,000 employees at Microsoft, that could mean more than 10,000 layoffs, The Verge pointed out. Also in this brief, Apple’s new MacBook Pro laptops with the M2 chips, Google’s plan for an Airtag-like tracker, and investors take IBM to court for alleged misleading information on its cloud and AI revenue.
Notes:
Microsoft will likely announce thousands of job cuts soon resulting from a decision to cut 5 percent of its global workforce, Sky News reported yesterday. With more than 220,000 employees at Microsoft, that could mean more than 10,000 layoffs, The Verge pointed out.
While Sky News doesn’t give an exact date for the expected cuts, The Verge reports that the company could make the announcement as early as today, ahead of its quarterly earnings results next week, citing a source familiar with the plans.
Apple yesterday announced new 14-inch and 16-inch MacBook Pro running on its M2 Pro and M2 Max processors, which as the names suggest, are aimed at professional users requiring serious juice. Apple says tasks like effects rendering can be up to six times faster than the fastest Intel-based MacBook Pro, and colour grading, up to 2x faster.
The 14-inch Macbook Pro starts at just under 2.5 lakh rupees in India. The 16-inch version will set you back by about Rs. 3,10,000.
Apple also unveiled a new Mac Mini with the M2 processors.
Google will be the latest Big-Tech company to make a Bluetooth tracker, following in the footsteps of Tile, Apple, and Samsung, Ars Technica reports. Android researcher Kuba Wojciechowski has spotted code for a Google first-party Bluetooth tracker codenamed—just in time for The Mandalorian season 3—"Grogu," according to Ars Technica.
IBM, along with 13 of its current and former executives, has been sued by investors who claim the IT giant used mainframe sales to fraudulently prop up newer, more trendy parts of its business, like cloud and Watson, the AI solution, The Register reported yesterday.
In effect, IBM deceived the market about its progress in developing Watson, cloud technologies, and other new sources of revenue, by deliberately misclassifying the money it was making from mainframe deals, assigning that money instead to other products, it is alleged, according to The Register.
The accusations emerged in a lawsuit filed late last week against IBM in New York on behalf of the June E Adams Irrevocable Trust, according to The Register.
Mad Street Den, an enterprise AI software provider, has raised $30 million in series C funding, led by Avatar Growth Capital, with participation from existing investors Sequoia Capital and Alpha Wave Global. The money will help Mad Street Den – known for its solutions for the retail industry – to expand its products to several other verticals.
Founded in 2016 by Ashwini Asokan and Anand Chandrasekaran, Mad Street Den, a Silicon Valley and Chennai company, has seen strong demand for its AI platform in the last two years, as businesses around the world have stepped up their cloud and digital tech initiatives after the Covid pandemic.
6 min