| Getty Images Key points to remember Ad revenue has started to slow as fears of a 2023 recession grow. By creating the metaverse, Meta continues to lose large sums of money, some $9.4 billion in the first nine months of 2022. There are no signs of a slowdown in spending, which will impact the …
Meta Layoffs – Facebook continues to cut costs by reducing its workforce Read More »
New Shane Snider November 22, 2022, 04:30 PM EST The Palo Alto, Calif.-based hardware giant’s laptop revenue fell 23% in the fourth quarter compared to the same period last year. CEO Enrique Lores says the “very tough decision” on workforce reductions is necessary as HP seeks to achieve $1.4 billion in gross annualized operating rate …
HP layoffs will cut up to 6,000 jobs in three years | CRN Read More »
Add that to the general increase in cloud computing spending. For example, Synergy Research found that enterprise cloud computing infrastructure spending grew from $100 billion to $130 billion between 2019 and 2020. Calculate it all, and it’s easy to see how a CIO could be shocked when looking at cloud infrastructure bills. Inflation is not …
