November 21, 2022
Good morning! Adam Selipsky runs the world’s strongest force in cloud computing, AWS. When we sat down with him recently, we asked him for his insights on the state of the industry. Let’s dive right in.
AWS is gearing up for re:Invent, its annual cloud computing conference. This year, announcements are expected to focus on its end-to-end data strategy and delivering new industry-specific services. Ahead of that, CEO Adam Selipsky sat down with Protocol’s Donna Goodison to discuss the state of the cloud computing industry. Here are some choice cuts.
One the ubiquity of cloud computing in the C-suite:
On how far through the cloud transition we are:
On cloud customers attempting to cut costs:
On what to do with all your data:
On what’s left for AWS to build:
And then there were … 2,500?
In the wake of Elon Musk’s ultimatum to Twitter staff Thursday to leave the company or commit to a “hardcore” culture, the social media platform now reportedly has less than a third of the staff it had at the start of the month.
Just how big is the impact of the exodus? According to The New York Times and Fortune, internal estimates at Twitter suggest that 1,200 more employees chose to leave the company last week, leaving its headcount somewhere around the 2,500 mark. (The exact number will likely remain somewhat of a mystery for now.) Here’s how the cuts appear to be affecting teams, per the NYT:
And even more layoffs could be coming to the sales and partnership divisions of the company, according to Bloomberg:
But Musk rallied his remaining troops, asking engineers to head into Twitter’s HQ on Friday, so that he could gain a better understanding of the company's codebase.
And now comes a crunch moment: The soccer World Cup, which started yesterday, is typically a period of heavy use for the social network.
The coming days and weeks will reveal whether Musk’s Twitter can cope with the realities of a heavily diminished staff. It could get ugly.
Disney dropped a bombshell overnight: Bob Chapek is out as its CEO, to be replaced by former CEO Bob Iger. Ouch.
Streaming has been an ongoing headache for Disney. Despite record revenue and profits in some of its divisions over the past year — albeit with a weakening in the most recent quarter — the company has faced growing losses in its direct-to-consumer business, which include Disney+ and Hulu.
Bob Iger could shake things up when it comes to content and streaming. Given he has a mandate “to set the strategic direction for renewed growth,” according to Disney, he may have little choice.
Amid current economic uncertainty, every business is moving to a stage where we need to do more with less through improved efficiency and automations. When you move to a life cycle management solution, your organization gains the predictability that it needs all the time, and especially right now.
Palo Alto Networks CEO Nikesh Arora sees a silver lining in the current economic clouds:
Mastodon founder Eugen Rochko said Elon Musk has a real chance of destroying Twitter:
Meta CTO Andrew Bosworth isn’t a fan of Blind, according to anonymous Meta staff posting on the platform. Per one commenter:
Bill Gates explained some of the strange things he’s done to raise awareness of sanitation:
TikTok is still hiring, despite the bloodbath of layoffs through the tech sector.
Indonesian online learning platform Ruangguru laid off “hundreds” of employees, according to Bloomberg.
Amazon’s Alexa division is in turmoil, according to Insider. Struggling against “huge losses,” it was hit hard by recent layoffs and was referred to by one former employee as “a wasted opportunity."
Companies are worried about increased investor activism as a result of new proxy-voting rules that make it easier for activist shareholders to elect new board members.
Elizabeth Holmes was sentenced to more than 11 years in prison. She plans to appeal.
A name to know: Caroline Ellison, the former CEO of Alameda Research. This WSJ profile of her is worthy of your time. Relatedly: Here's a profile of SEC chair Gary Gensler. Also related: FTX owes its 50 top creditors almost $3.1 billion.
Salesforce is insisting some employees return to the office, Insider reports. CEO Marc Benioff had previously said that office mandates wouldn't work.
Ticketmaster is being investigated by the Justice Department over antitrust concerns, The New York Times reported.
Microsoft is on a mission to convince governments that its $69 billion acquisition of Activision Blizzard is a good idea. The outcome could shape how much more Big Tech can grow.
Tesla recalled 321,000 vehicles in the U.S. due to a software issue that affects the rear lights of the cars.The FCC finally released its broadband maps. They provide a more accurate picture of coverage than your ISP might like you to see.
Protocol sat down with Randy Littleson, chief marketing officer at Conga, to talk about how revenue lifecycle management can help organizations create predictability, even in an unstable economic environment.
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