Monday, March 13, 2023

Third round of job cuts at Microsoft: These are the divisions affected

Microsoft recently witnessed a third round of job cuts. These job cuts are part of the 10,000 layoffs that the company announced in January this year. The latest round of job cuts reportedly impacted employees in roles related to supply chain, Artificial Intelligence (AI) and Internet of Things (IoT). According to a report in CRN, quoting Microsoft spokesperson, the job cuts were across various levels, functions, teams and geographies. https://ift.tt/WiogUR4

SVB bears responsibility for its demise, the outcome of disruption being tech's objective function, and the Silicon Valley myth could be the ultimate casualty (Ben Thompson/Stratechery)

Ben Thompson / Stratechery:
SVB bears responsibility for its demise, the outcome of disruption being tech's objective function, and the Silicon Valley myth could be the ultimate casualty  —  Banks are, at their core, facilitators: depositors lend their money to a bank, for which they are paid interest, and banks lend that money out, again for interest.



A eulogy for Silicon Valley Bank, a business partner to tech for 40 years, which offered services when established banks would not and was undone by its loyalty (Michael Moritz/Financial Times)

Michael Moritz / Financial Times:
A eulogy for Silicon Valley Bank, a business partner to tech for 40 years, which offered services when established banks would not and was undone by its loyalty  —  Regardless of the reasons behind the bank's collapse, it leaves a huge hole for the start-up scene  —  The writer is a partner at Sequoia Capital



Having perfected the art of using hype to move markets, VCs managed to hype their own rumors to collapse SVB, accidentally slaying a much loved accomplice (Sinead O'Sullivan/Financial Times)

Sinead O'Sullivan / Financial Times:
Having perfected the art of using hype to move markets, VCs managed to hype their own rumors to collapse SVB, accidentally slaying a much loved accomplice  —  Please use the sharing tools found via the share button at the top or side of articles.  Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy.



Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; it was last valued at $1.2B in 2024 (Meir Orbach/CTech)

Meir Orbach / CTech : Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; ...