WebProNews

Tag: The Information

  • Reddit’s IPO May Be on Track for the Second Half of 2023

    Reddit’s IPO May Be on Track for the Second Half of 2023

    Reddit may finally be moving forward with its IPO after laying the groundwork for nearly two years.

    Reddit hired its first CFO in early 2021 in what many saw as one of the first major steps toward an IPO. At the end of 2021, the company filed paperwork with the SEC to go public, but little forward movement has happened since then, thanks to the economic downturn and other factors.

    According to The Information, however, it appears the social media company is once again moving forward. The outlet’s sources say the company plans to move forward later this year, likely in the second half.

    Interestingly, unlike other tech firms — ServiceTitan, StockX, and Cohesity — that have allowed their IPO paperwork to lapse, thereby taking the option off the table in the short term, Reddit has been maintaining its filing with the SEC. This would support The Information’s sources, essentially keeping Reddit in a ‘holding pattern’ until the market improves.

  • Microsoft’s Azure Business Hit With Layoffs

    Microsoft’s Azure Business Hit With Layoffs

    Microsoft’s Azure division appears to be the latest part of the company hit with layoffs, with 150 personnel impacted.

    Microsoft announced in January that it planned to lay off 10,000 employees but did not provide details about which divisions would experience cuts. The company’s plans have only become apparent as layoffs have occurred. Yesterday news broke that LinkedIn was the latest division to experience downsizing, following similar action across the HoloLens, Surface, and Xbox teams.

    According to The Information, Microsoft’s Azure division now joins the list. A source told the outlet that approximately 150 individuals in the company’s digital cloud acquisition team had been let go. The team is responsible for “convincing medium-size companies to adopt cloud services such as Azure server rentals and Microsoft 365 productivity apps.”

    Interestingly, the impact on the Azure team goes beyond just sales personnel. Azure test engineers, systems administrators, and product managers have posted on LinkedIn within the last few days, revealing they had been laid off.

    Gaurang Deshmukh, Software Test Engineer at Microsoft, was one such individual:

    With an extremely heavy heart, I have to announce that I was one of the employee impacted by #Microsoft layoffs. Despite this setback, I’m extremely grateful for my experience at Microsoft as Software Test Engineer in Azure for Operators #A4O org for over 3 years.

    Christopher Teahan, Azure Cloud Administrator, was another:

    I was laid off from #Microsoft this week, it was a great experience working for a start up like Affirmed Networks for 4 years and then transitioning to a larger company as part of the Microsoft acquisition back in 2020. I was at Microsoft for almost 3 years and learned a lot being part of the IT and BIS teams and working on the migrations of our legacy IT systems and tools to the Microsoft’s. Working on #Azure projects and transiting legacy systems to the cloud has been amazing and I am thankful for all I’ve learned at Microsoft. I will miss being part of the Azure for Operators organization and everyone I have worked with over the past 6-7 years, but it’s time for a new challenge and journey!

    During the economic downturn, the cloud segment has been one of the more resilient elements of the tech industry. While tech layoffs have become an almost daily occurrence, it is odd that the Azure team has been this heavily impacted.

  • LinkedIn Hit With Layoffs

    LinkedIn Hit With Layoffs

    Microsoft’s LinkedIn is the latest company to be hit with layoffs, with employees in the recruiting department impacted.

    Microsoft is in the midst of its announced layoffs of some 10,000 employees. When the company broke the news, executives did not reveal which departments and divisions would be impacted. As a result, the industry has been learning which employees are being let go as Microsoft makes the cuts.

    The HoloLens, Surface, and Xbox divisions all recently experienced layoffs. According to The Information, the company has now confirmed that LinkedIn, specifically the recruiting department, is the latest business to be impacted.

    Staff were notified Monday, although, at the time of writing, there were no posts on LinkedIn from any of the affected employees.

  • Stripe May Go Public Within the Next Year

    Stripe May Go Public Within the Next Year

    Stripe’s IPO may be on the horizon, with the company telling employees it will decide within the next year whether to go public.

    Stripe was riding high during the pandemic, one of many tech companies that benefited from the switch to remote work and e-commerce. As spending slowed and interest rates crept up post-pandemic, Stripe was forced to delay any plans to go public.

    According to The Information, via CNBC, the company’s founders, John and Patrick Collison, have told employees they will make a decision within the next year. The goal is to either either go public, or give employees the chance to sell their shares via secondary offering.

  • Twitter Ad Engineers Get the Axe

    Twitter Ad Engineers Get the Axe

    Twitter ad engineers are the latest to be laid off, an odd choice given Elon Musk’s determination to improve ad revenue.

    Twitter has engaged in a number of layoffs since Musk bought the company, as the new CEO has worked to slash costs in the interest of profitability. One of the major challenges the company has faced is the loss of advertisers over some of Musk’s more controversial decisions.

    Given Musk’s need to gain and keep new advertisers, one would think that ad engineers would be the one jobs safe from layoffs. Unfortunately, according to The Information, that is not the case, with some 40 ad engineers and data scientists being laid off.

    The layoffs targeted areas that Twitter’s leadership considers to be failing, such as the ads product, and unimportant, such as data science, the person said. Twitter’s ad revenue has reportedly plunged in recent months, as advertisers respond to Elon Musk’s loosening of rules around content moderation and the general chaos as Musk shakes up the company.

  • Microsoft Leveraging ChatGPT to Help Bing Take On Google

    Microsoft Leveraging ChatGPT to Help Bing Take On Google

    Google may be hesitant to deploy a ChatGPT-like version of its search engine, but Microsoft sees it as a way to better compete.

    According to The Information, via Reuters, Microsoft is working with OpenAI to integrate ChatGPT into a version of Bing in the hopes it will prove a greater challenge to Google’s search dominance. OpenAI and Microsoft have a long history of cooperation and partnership, with Microsoft investing in the AI company and gaining exclusive access to some of its technology.

    Google has already decided to play it much more cautious, calling ChatGPT and similar technologies a “reputational risk.” Given its dominance in the search industry, Google has to be much more careful about the results it provides.

    Read more: How Microsoft Is Outmaneuvering Google

    Microsoft clearly believes being second-place in the industry gives it more room to maneuver and take risks that Google is unwilling to take.

    The company’s approach is not unlike its approach to gaining Netflix as an advertising customer. While Google played it safe, hesitating to commit to Netflix’s needs, Microsoft showed an almost startup-like aggressiveness and willingness to do whatever was needed to secure the contract.

    Should Microsoft’s efforts to integrate ChatGPT into Bing prove successful, it could well be a way for Microsoft to make major headway against Google.

  • Amazon’s Next Move Could Be a Sports Streaming App

    Amazon’s Next Move Could Be a Sports Streaming App

    Amazon is considering a sports streaming app as the company continues its focus on its Amazon Prime video service.

    Amazon Prime is one of the leading streaming services in the US, recently passing Netflix for the top spot. According to The Information, CEO Andy Jassy is determined to build on the service’s success and leverage the numerous sports deals the company has already secured.

    According to the report, while no decision has been made, the company sees a standalone sports streaming app as a viable way to expand its presence in the market.

    Amazon has discussed doing a stand-alone app for watching sports content, people briefed on the conversations told The Information. The move comes as CEO Andy Jassy doubles down on the company’s streaming ambitions.

    Interestingly, Jassy views Prime as a key area that could see increased spending, despite the company looking for ways to cut costs:

    Amazon could be thinking about new ways to squeeze revenue out of the billions of dollars in deals it has inked to stream live sports events, which so far it has mostly included in the standard Prime membership. Jassy recently highlighted streaming rights for live sports in particular as a place he’ll likely keep spending even as Amazon steps up its efforts to cut costs in other areas of its business.

  • Zoom May Be Planning Email and Calendar Tools to Take On Office and Google

    Zoom May Be Planning Email and Calendar Tools to Take On Office and Google

    Zoom may be ready to move beyond video calling and collaboration, with possible plans to introduce email and calendar tools.

    Zoom is one of the leading communication platforms. Adoption of the company’s service expanded dramatically during the pandemic, and Zoom has been looking for ways to keep that momentum going and build on its existing base. According to The Information, via The Verge, the company may be planning to introduce email and calendar tools to better compete with Microsoft Office and Google Workspace.

    In many ways, the move makes sense. Slack was once the undisputed king of corporate messaging but has seen its user base eclipsed by Microsoft Teams. Much of that is due to the integration Teams offers with the rest of the Office suite. Zoom is no doubt keen to build out its own ecosystem, which would go a long way toward fending off defections to Teams or Google Meet.

    According to the report, the new features could launch as early as later this year. Needless to say, Zoom’s battle will just be getting started with the launch of those features, as neither Microsoft nor Google will take a challenge to their business lying down.

    Despite the difficulty in going up against Microsoft and Google, however, it be exactly what Zoom needs to do in order to evolve and stay relevant.

  • Google Follows Microsoft in Restricting Business Travel

    Google Follows Microsoft in Restricting Business Travel

    Google is following Microsoft’s lead, restricting business travel for all but the most important circumstances.

    Microsoft began restricting business travel last month over economic concerns. Google is now following suit, according to a leaked email seen by The Information, via Forbes. The emails says the company is setting a “high bar” for travel, and such instances should only be for “business critical” trips.

    The email put the kibosh on social functions, team off-sites, and in-person meetings that could be handled via videoconferencing.

    As Forbes points out, the trend could spell more trouble for the travel industry, which is still coping with the aftermath of the pandemic. While recreational travel has rebounded to some extent, business travel has lagged behind.

    “Our largest corporates are the ones that are lagging — particularly banking, consulting and technology — who previously were among our top-tier travelers now are on the lower side,” Andrew Watterson, Southwest Airlines’ chief commercial officer, said in a July earnings call, according to Forbes.

    In addition to travel, Google’s stance could be a boon for remote work, especially with the company instructing employees to videoconference where possible. Like many companies, Google has been working to bring employees back to the office. If economic concerns continue to mount, however, remote work may experience a resurgence.

  • AWS Bastion Aims to Help Advertisers Work Within Data Privacy Rules

    AWS Bastion Aims to Help Advertisers Work Within Data Privacy Rules

    AWS is preparing to unveil a new tool that aims to help advertisers work within the various data privacy rules that are currently hindering them.

    AWS is the leading cloud provider and is widely used across a variety of industries. One such industry, the advertising industry, is reeling from various data privacy efforts, both on the part of companies like Apple and Google, as well as various countries’ legislative efforts.

    According to The Information, via Tech Monitor, AWS wants to help advertisers deal with the restrictions in an innovative way with its upcoming Bastion service. The service acts as a “clean data room,” allowing companies to anonymously pool customer data in a way that prevents any company from viewing or accessing the entire pool.

    The Information uses the example of Target and HBO Max being able to see where their customers overlap, giving the retailer useful insight into whether it should target its customers with ads on the streaming platform. The clean data room, however, would still protect the privacy of the customers and help the companies stay compliant with privacy regulations.

    Unlike existing options, such as Google’s, AWS Bastion will allow companies to work with partners of their choosing, not even locking them into the Amazon Ads service. Amazon sees a future where Bastion could be used in other industries far beyond advertising, such as the financial industry, manufacturing, and more.

    AWS will likely launch the new service later this year.

  • Supply Chain Issues May Be Constraining Azure Server Availability

    Supply Chain Issues May Be Constraining Azure Server Availability

    Supply chain issues may be negatively impacting Microsoft’s Azure cloud service, constraining the supply of available server resources.

    Customers are reportedly having issues with the number two cloud provider, including an inability to subscribe to new services. The Information ran a piece claiming Microsoft is running out of server capacity, and The Register says the problem may lie in the broader supply chain issues that have plagued the computer industry since the beginning of the pandemic.

    According to the reports, even if customers in UK South and UK West can sign up for subscriptions, they cannot deploy compute solutions. Capacity in Washington State appears to be impacted as well.

    One likely explanation is the effort Microsoft is exerting to help the Ukrainian government, with the company moving its IT operations to the cloud and helping to combat Russian cyberattacks.

    These various factors, in combination with general supply chain constraints, are pushing Azure’s capacity to the limit.

    Microsoft told The Register it was experiencing “unprecedented” demand, adding that it would use capacity restrictions as needed to cope with the issue.

    “With this surge, coupled with macro trends impacting the whole industry, we’ve taken steps to address customer increases in capacity while also expediting server deployment in our datacenters. Our priority remains ensuring business continuity for customers. In addition to managing and planning for growth, we actively load balance as needed.

    “If it does become necessary to put capacity restrictions in place, we will first restrict trials and internal workloads to prioritize growth of existing customers,” a Microsoft spokesperson said in a statement.

    Interestingly, at least some customers say these constraints are nothing new and have been a long-term problem for the cloud provider. One thing is certain: If Microsoft wants to build on the momentum it currently has, and continue to gain ground on AWS, it will need to address its capacity issues one way or another.

  • Oracle Begins Laying People Off

    Oracle Begins Laying People Off

    Layoffs have begun at Oracle, with the company planning to cut thousands of jobs to reduce expenses.

    According to The Information, via Reuters, Oracle is planning to cut up to $1 billion in expenses and is turning to job cuts to help. At the time of writing the job cuts are primarily impacting the company’s San Francisco offices, although there was no specific number given.

    The Information also reports that layoffs are expected in Canada, India, and Europe in the coming weeks and months although, again, no specific numbers were given.

    The entire industry is looking to cut costs in preparation for an impending recession. Oracle, however, is among the first to start mass layoffs.

  • Google Pauses Hiring for Two Weeks

    Google Pauses Hiring for Two Weeks

    Google has announced it is pausing hiring for two weeks, the latest company to do so amid the threat of an economic downturn.

    The Information is reporting that Google VP Prabhakar Raghavan detailed the company’s plans in an email to employees. Raghaven said the company will not rescind offers it has already sent out, but will not send out any more for two weeks while it reviews its headcount and priorities.

    “We’ll use this time to review our headcount needs and align on a new set of prioritized Staffing Requests for the next three months,” Raghavan said.

    The move is not surprising, given that CEO Sundar Pichai said Google would “be slowing the pace of hiring for the rest of the year.”

  • Meta Executive: Poor-Performing Employees ‘Are Failing This Company’

    Meta Executive: Poor-Performing Employees ‘Are Failing This Company’

    Meta appears to be cracking down on poor-performing employees, with a senior executive telling managers to “move to exit” such employees.

    Meta CEO Mark Zuckerberg recently warned we are facing what “might be one of the worst downturns that we’ve seen in recent history.” As part of that warning, he made it clear he wanted poor performers to leave the company, saying, “realistically, there are probably a bunch of people at the company who shouldn’t be here.”

    It would seem executives are taking up Zuckerberg’s call for action, according to The Information. The outlet viewed a memo by Maher Saba, Vice President of Remote Presence and Engineering, wherein he directed managers to start exiting employees that aren’t making the cut.

    “If a direct report is coasting or a low performer, they are not who we need; they are failing this company,” he said. “As a manager, you cannot allow someone to be net neutral or negative for Meta.”

    The news is unsurprising, given the challenges facing the tech industry and the economy in general.

  • Apple’s Autonomous Vehicle May Be Stuck in the Slow Lane

    Apple’s Autonomous Vehicle May Be Stuck in the Slow Lane

    Apple’s autonomous vehicle, Project Titan, seems to be experiencing issues and may be stuck in the slow lane, according to a new report.

    Apple has reportedly been working on an autonomous vehicle for years, with the project changing leadership, changing direction, and struggling to gain traction. According to The Information, via International Business Times, the company’s latest efforts are not going well.

    People working on the project said Apple’s test cars are struggling with even basic tasks, hitting curbs, not staying in the correct lane, and almost hitting a jogger that was legally crossing a road.

    The sources indicated the constant turnover and leadership changes, not to mention the changing goals of the project, have contributed to the issues the team is facing. For example, reports indicate there was quite a bit of uncertainty about whether the Apple Car would be a more traditional vehicle with only modest self-driving abilities or whether it would be a fully autonomous vehicle. It appears that was only settled in late 2020, with the company opting for the latter approach.

    It’s unusual for Apple to struggle to bring a product to market, but its troubles are an indication of the inherent challenges involved in creating something as complex as an autonomous vehicle.

  • Microsoft Takes Page From Rivals, Targeting ‘Holdout’ Businesses For Cloud Services

    Microsoft Takes Page From Rivals, Targeting ‘Holdout’ Businesses For Cloud Services

    Microsoft is taking a page from rivals in a bid to expand its cloud business, targeting “holdout” businesses that have yet to migrate to the cloud.

    Microsoft is currently in second-place in the cloud market, behind AWS and ahead of Google Cloud. The company is taking a more hands-on approach, according to The Information (by way of Seeking Alpha), investing $200 million to establish an acquisition team that will work to bring cloud holdouts onboard.

    The strategy is similar that employed by Amazon, Salesforce, and Zoom. Microsoft evidently wants to proactively go after these holdout companies in an effort to sew up their business before the company’s rivals do.

    Microsoft already has a major advantage over some other companies, thanks to its ecosystem of software and services that goes back decades. Emulating strategies that other successful companies have been using should help the Redmond giant even more, and may aid it in its efforts to close in on AWS.

  • Facebook Trying to Pervert Homomorphic Encryption

    Facebook Trying to Pervert Homomorphic Encryption

    Facebook is looking to use homomorphic encryption as a way to serve ads in encrypted chat and communications — to the surprise of no one.

    Homomorphic encryption is the next generation of encryption technology. The technology allows calculations to be performed without decrypting data. For example, Party A could encrypt two values, give them to Party B and tell them to add them together. Party B could perform the calculation and pass the encrypted result back to Party A for verification. Throughout the process, Party B would not know any of the values, including the calculated one.

    Many industries see homomorphic encryption as a way to protect data at every step of the way, not just when it’s being stored or in transit. The cloud industry, in particular, sees it as valuable way of securing the industry against cyberattacks.

    Facebook, in contrast, wants to use the technology as a way to serve ads in encrypted WhatsApp messages and other forms of encrypted communication, according to The Information. Fully homomorphic encryption is still a ways off, but the company has been hiring artificial intelligence experts in an effort to crack it. Theoretically, using homomorphic encryption would allow the company to offer its users security and privacy, while not jeopardizing its core advertising business.

    Somehow, it’s not surprising that Facebook — a company with a long-standing history of abusing consumer privacy — is looking to use the next great evolution of encryption to keep monetizing people’s data.

  • Amazon, Microsoft and Google Bidding on $1 Billion Boeing Cloud Contract

    Amazon, Microsoft and Google Bidding on $1 Billion Boeing Cloud Contract

    The Big Three in the cloud industry are bidding on a contract for Boeing, valued at $1 billion.

    Amazon, Microsoft and Google are the top three cloud providers and routinely try to outbid each other for major contracts. According to The Information, their latest point of competition is a multi-year cloud contract for Boeing.

    The contract has special significance for Amazon and Microsoft since both companies are based in the Seattle area, like Boeing itself. Winning the contract would give either company a big local win, and allow them to represent another local icon.

    The deal is thought to be worth at least $1 billion over the next several years.

  • Zoom Planning Big Moves Against Microsoft and Google

    Zoom Planning Big Moves Against Microsoft and Google

    Zoom has experienced meteoric growth as a result of the pandemic, but it isn’t resting on its laurels as it plans to take on Microsoft and Google.

    Prior to the pandemic, Zoom was primarily an enterprise service, but its popularity has broadened significantly. Now the platform is used, not only for business and enterprise, but for remote schooling, religious services and socialization.

    The company is planning to capitalize on its success, moving into areas traditionally dominated by Microsoft and Google. According to The Information, Zoom is planning to launch email and calendar services. This would the put the company in direction competition with Microsoft Outlook, as well as Google Workspace.

    Zoom is expected to make the email service available to some customers as soon as next year, although there is less information on the calendar service. The company has also been hiring for positions involving integration with third-party services, such as Dropbox and Asana.

    Should The Information’s sources be correct, this would represent a significant move for Zoom and would likely be a big win, especially if the company can offer a well-integrated, comprehensive experience.

  • Google Working on Unified Communications App

    Google Working on Unified Communications App

    The Information is reporting that Google is working on a new communications app that will pull together the company’s existing messaging apps.

    Citing sources, including two who have used the new app and three that were briefed on it, the new app will bring together the functionality of several existing ones, including Gmail, Google Drive, Hangouts Meet and Hangouts Chat. The move is thought to be an answer to Slack and Microsoft Teams.

    This is an area where Google has traditionally had little success in, as none of its past efforts have achieved the popularity of its other services, or of competitors’ messaging options. With Slack and Teams becoming indispensable parts of many companies’ workflows, however, Google likely sees this as a pivotal piece of their productivity suite, and another way to ensure they keep customers within their own ecosystem.