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

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TechCrunch’s Top 3

  • Amazing event: Paul The latest is at Amazon, which confirmed another round of layoffs that affected 9,000 people at AWS (see below), Twitch (see Big Tech), and other departments. This comes just months after Amazon announced 18,000 layoffs. The AWS class had some colleagues scratching their heads, as Paul wrote, “[C]Companies are looking to cut costs because of the economic downturn, which means fewer dollars are being spent on things like cloud computing — even though AWS is Amazon’s most profitable segment.
  • Looking into the crystal ball of startupsPitchBook has a new tool that uses AI to predict which startups will be successful. Kyle He wrote. The tool assigns a “probability score” out of 100 and shows the method by which the exit is likely to occur.
  • OMG AWSAs you may have read above, AWS has taken a big hit in Amazon’s recent layoffs. Ron It gives more insight into what has fallen.

Startups and VCs

Bank stocks are whipping up this morning on the UBS–Credit Suisse deal and the continued woes of First Republic – and more on this morning’s excellent episode of our Equity Podcast.

Apopos Podcasts: The owner of Top Fun is selling the podcast company he founded 20 years ago. Instead of handing the network over to a Big Tech firm or media conglomerate, it’s selling it to the workers — employee ownership. Amanda Reports.

Want more? You are all greedy. But we’re nothing if not kind, too – here’s a menu of goodness:

The return of the cloud has begun: Why big data is dragging computing on-premise.

Image Credits: lim_pix / Getty Images

For most of the information age, companies looking to scale invested in server farms and hired huge operations teams to keep them running.

The relatively recent advent of cloud computing promises to lower costs and increase productivity, but “cloud-first strategies may be hitting the limits of their effectiveness, and in many cases, decreasing ROIs,” writes Domino Data Labs COO Thomas Robinson.

As the “great repatriation” currently underway among public companies has direct implications for startup devOps teams, Robinson shared suggestions on “a few things that can be done to ensure flexibility in the future workload environment.”

Three more from the awesome TC+ team:

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Big Tech Inc.

Microsoft is getting into mobile gaming with its own app store. Ivan The software giant is going where Apple and Google have gone, even banking on some new regulations from the EU to help, he wrote, “Microsoft has struggled to create the user experience it needs with its cloud gaming apps. on Apple devices because the iPhone maker wants users to download every game available to play on Microsoft’s cloud offering, including Fortnite. So Microsoft now requires people to sign in through Safari and follow instructions, which aren’t as simple as downloading an app from the App Store.

It’s Monday, so as a special treat, we’ve got six more for you:

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