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Cloud Division

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business1 year ago•1 min saved

Amazon Web Services Announces Massive Layoffs in Cloud Division

Amazon is laying off hundreds of employees in its cloud division, impacting sales, marketing, and tech teams, as part of an ongoing cost-cutting campaign. The company has already eliminated roles in advertising, Prime Video, and healthcare units earlier this year, following thousands of job cuts in 2023. An internal HR document from last year revealed that Amazon placed more employees on performance-improvement plans while carrying out the mass layoffs.

via Business Insider|

#amazon #business #cloud-division

technology2 years ago•2 min saved

Amazon's AI Service Takes on Tech Giants with Conversational Agents and Third-Party Models

Amazon's cloud division has attracted thousands of customers to try its AI service, Amazon Bedrock, which competes with Microsoft and Google in the field of artificial intelligence. The company has announced new AI tools, including a program for building conversational customer-service agents, technology access from startup Cohere, and a healthcare system for generating clinical notes. Organizations such as Sony, Ryanair, and Sun Life have already tried out Amazon Bedrock. The service aims to make every company an AI company and will be available to customers soon.

via Reuters|

#ai-service #amazon #cloud-division

business2 years ago•0 min saved

SAP Stock Surges Despite Earnings Shortfall.

SAP missed sales expectations in its cloud division and lowered its outlook for the first quarter, but its stock is still rising as the company beat estimates for overall profit and revenue. SAP reported earnings of €1.27 a share on revenue of €7.44 billion, exceeding analysts' expectations.

via Barron's|

#business #cloud-division #earnings