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The cuts affect hundreds of staffers in AWS' store technology and sales and marketing units.Sales growth in AWS' has decelerated in recent quarters as companies trimmed their cloud spend.A day earlier, Amazon said it would remove its cashierless checkout technology from its U.S. Fresh stores.Attendees walk through a...

Reddit shares are plummeting after experiencing a rally stemming from the social media company's IPO last week.Shares closed Thursday at $49.30, falling below their closing price on Reddit's first day of trading last week on the New York Stock Exchange. Earlier this week, Reddit disclosed in a corporate filing that ...

Following the lead of companies like Airbnb and Rivian, Reddit is inviting some users to participate in its upcoming IPO. Reddit moderators told CNBC that they're declining the offer, citing lingering tensions with management and concerns over the company's business."It doesn't really feel like Reddit is necessarily...

In this photo illustration a Reddit logo is seen displayed on a smartphone.Mateusz Slodkowski | Sopa Images | Lightrocket | Getty ImagesReddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range.The offering brought in $519 million,...

Ambient clinical documentation was the talk of the HIMSS conference this year, where more than 30,000 health and tech professionals gathered in Orlando, Florida.The technology allows doctors to record conversations with patients to automatically turn them into clinical notes and summaries using AI.Companies like Mic...

Google fired an employee who disrupted an Israel executive's conference keynote this week, CNBC has learned.It's the latest sign of controversy at the company, which has struggled with employee dissent for several years.Google also prematurely shuttered an internal discussion forum ahead of a planned International W...

Google's Sergey Brin spoke to a roomful of entrepreneurs over the weekend at the "AGI House" in Hillsborough, California.Brin said Google "definitely messed up," referring to the company's faulty Gemini image generation launch earlier this month.Regarding changes in the search business, Brin said, "As long as there’...

In this photo illustration, the Reddit logo is displayed on a cell phone and computer monitor on February 13, 2024 in Los Angeles, California. Mario Tama | Getty ImagesReddit is seeking a valuation of up to $6.5 billion in its upcoming IPO, according to a person familiar with the matter.The company plans to price it...

Bumble announced plans to lay off about 350 employees as part of its fourth-quarter earnings report Tuesday.The company said the layoffs will help drive stronger operating leverage and align its operating model with "future strategic priorities."Bumble CEO Lidiane Jones said the company is taking "significant and de...

Budrul Chukrut | Lightrocket | Getty ImagesSocial media company Reddit filed its IPO prospectus with the Securities and Exchange Commission on Thursday after a yearslong run-up. The company plans to trade on the New York Stock Exchange under the ticker symbol "RDDT."Reddit said it had $804 million in annual sales fo...

Meta's Reality Labs unit brought in more than $1 billion in fourth-quarter sales but recorded an operating loss of $4.65 billion.The company's heavy spending on the metaverse comes as Apple jumps into the market with its Vision Pro headset, which is slated to debut Friday.The VR and AR market saw a 40% sales drop in...

A host of companies including Ecosia, Qwant and Shibsted have signed an open letter accusing Big Tech "gatekeepers" of not doing enough to engage effectively with them and others.The firms have called on the European Commission and the European Parliament to do everything in their power to ensure the gatekeepers com...

Amazon continues to trim its headcount after a year of mass layoffs. Beginning at the end of 2022 and continuing through 2023, Amazon initiated the largest layoffs in its history, cutting more than 27,000 jobs across almost every area of the company.Team,We've taken significant steps towards our long-term vision of ...

Apple's iPhone sales in China were down more than 30% year over year for the first week of the year, while competitors like Huawei have "remained much stronger," according to a note from Jefferies analysts Sunday.The analysts said Huawei gained the most smartphone market share in China in 2023, rising by about 6% ye...

After vocal commitments following the murder of George Floyd in 2020, DEI programs in the tech industry are in broad retreat.Some companies have laid off DEI staffers and leaders of diverse employee resource groups, downsized learning and development programs, and cut budgets for external DEI groups by as much as 90...