Daily Crunch: Amazon CEO says laying off 9,000 more workers ‘is best for the company long-term’

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TechCrunch Top 3

• unexpected development: Pole has published an update on Amazon, confirming another round of layoffs. This time, it’s affecting his 9,000 people across AWS (see below), Twitch (see Big Tech), and other departments. This comes just two months after Amazon revealed his 18,000 layoffs. As for the AWS part, some of my colleagues were scratching their heads. Paul writes:[C]Even though AWS remains a highly profitable entity for Amazon, companies are looking to cut costs due to the economic downturn.
• Like looking into a startup exit crystal ball: PitchBook has a new tool that uses AI to predict which startups will succeed, Kyle I am writing. The tool assigns an “opportunity score” out of 100, indicating in what ways an exit is likely to occur.
• OMG AWSMore: As you read above, AWS has been hit by the latest round of Amazon layoffs, Ron Provides more insight into what went down.

Startups and VC

Bank stocks plunged this morning following the UBS-Credit Suisse deal and the First Republic’s continued woes.

Podcast stuff: The owners of Maximum Fun are looking to sell their nearly 20-year-old podcast company. Instead of handing over the network to big tech companies or media conglomerates, it sells the network to workers as a worker-owned cooperative. Amanda report.

do you want more You guys are so greedy. But we’re not kind, but we’re very fine – here’s a delicious omakase menu:

The Cloud Backlash Has Begun: Why Big Data Is Bringing Computing Back On-Premises

For most of the Information Age, companies looking to scale invested in server farms and hired large operations teams to keep them operational.

The relatively recent move to cloud computing promised cost savings and productivity gains, but “cloud-first strategies may have reached the limits of their effectiveness, and ROI is often It’s declining,” writes Thomas Robinson, COO of the Domino Data Lab.

The current “massive repatriation” among public companies will also have a direct impact on DevOps teams at startups, so Robinson said, “Ensure future flexibility of where workloads are created. We share suggestions about a few things you can do to help.

Three more from the epic TC+ team:

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Big Tech Co., Ltd.

Microsoft is jumping on the mobile gaming craze with its own app store. Ivan The software giant writes that it will go where Apple and Google went before, relying on some new European Union regulations to support its cause. That’s because iPhone makers required users to download each game that could be played on Microsoft’s cloud service, including Fortnite. So Microsoft is now asking people to sign in from Safari and follow the instructions, which is not as easy as downloading an app from the App Store. ”

Since it’s Monday, we have 6 more for you as a special treat.