Author: Greg Bensinger
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Amazon cuts jobs in music streaming unit
By Greg Bensinger (Reuters) -Amazon.com has begun cutting jobs in its Music division, the company said on Wednesday, confirming the latest of several rounds of layoffs over the past year that have affected more than 27,000 employees of the retail giant. Employees in Latin America, North America and Europe received notices that their jobs had…
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Alphabet revenue misses estimates as ad business takes a hit
By Greg Bensinger and Nivedita Balu (Reuters) -Alphabet Inc on Thursday reported lower-than-expected quarterly revenue as the Google parent’s digital ad business struggled under an economic slowdown that has choked corporate spending and triggered mass layoffs. Shares of Alphabet, which lost roughly 40% of their value in 2022, were down about 4% in after-hours trading.…