Page 5 - Big Tech

Ugly truth of layoffs: Firms invest huge resources to rebuild workforce

'Understaffing isn't always a result of management short-sightedness'

About 3,000 tech employees being fired a day on average in Jan: Report

Google's parent company Alphabet announced to lay off 12,000 employees, or about 6 per cent of its workforce

Big-tech firms should share revenue with digital news publishers: I&B Secy

Information and Broadcasting Secretary Apurva Chandra made a strong pitch for big-tech aggregators to share a part of their revenue with publishers of digital news, who generate original content

Reversing Covid-era excesses: Big Tech braces for sackings, dismal profits

Large US technology firms expected to announce layoffs, cut costs through the next few months, say experts

Top headlines: World Bank cuts economic growth forecast, DESH Bill deadlock

Business Standard brings you the top headlines at this hour

Big Tech's new reality in India: Stricter regulation, face-off with telcos

All of a sudden, global tech giants are grappling with the prospect of more stringent regulation and domestic telco's demands for a level playing field

India's new competition law may dampen digital innovation: Big Tech

Meta, Amazon, Twitter, Google and other Big Tech companies have raised questions on the digital competition law recommended by the Parliamentary Standing Committee on Finance

For thousands of Indian techies, is it the end of the great American dream?

As thousands of techies continue to lose jobs at Big Tech companies amid recession fears, most of them are finding it difficult to get jobs, as there is a freeze on new hirings in most top firms.

87% app makers don't pay for Apple store, 97% for Google Play: Report

Apple and Google charge up to 30% commission from software developers

How Big Tech firms are rushing to train AI in Indian languages

Indian mobile and web consumers speak in 30 languages and around 1,600 dialects. The BBC estimates only 125 million Indians are English speakers; most have regional and local accents

Regulating Big Tech

Laws should be framed with extreme care

Big Tech and 'sideloading' debate; IT firms fear security, privacy breaches

Sideloading is a way for app developers to load their applications without going through formal stores such as Google Play for Android phones or the Apple App Store for iPhones

House panel seeks to rein in Big Tech firms with digital competition law

The SIDIs would have to submit a report to the CCI every year describing the measures implemented to fulfill their obligations

Microsoft to buy 4% of LSE Group as part of $2.8-billion cloud deal

The partnership will speed up the migration of its markets to the cloud and allow it to develop new products and services

Govts across world, forums lag behind in regulating Big Tech: MoS IT

Governments across the world and internet forums have lagged behind in rulemaking for big technology players for their innovations that can cause harm to society, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Sunday. Speaking at the India Internet Governance Forum (IGF) hosted by FICCI, Chandrasekhar further said the internet, which has been a force for good, has also increasingly begun to represent risk, user harm and criminality. "For too long governments of the world and indeed, IGF and most forums have lagged behind these big private platforms, big tech platforms in terms of the do's and don'ts and the rulemaking that are required. "We treated them for very long as innovators and innovations rather than deal with them as innovations as well as those innovations potentially being able to cause harm and create other disruptions to society and people," Chandrasekhar said. He said safety and trust are core issues for the government to address, especially ...

Financial sector reliance on big tech cos poses major risks: Axis Bank CEO

Companies providing software and other technology support like cloud services to the financial system are trickling down to a few, which can create major systemic risks later, according to a top banker. "Companies which are providing software, platforms and cloud systems to the banking and financial system are trickling down to a few," Axix Bank managing director and chief executive Amitabh Chaudhry said addressing an event on corporate governance. It was organised by ex-Sebi chairman M Damodaran's advocacy Excellence Enablers here on Thursday. Going a step further he warned that "the country's banking system now relies on two three big companies for their software service requirements, and this can lead to emerging risks in case these companies stop investing and ensuring that those platforms are adaptable to this new world". Chaudhry said such concentration is leading to pressure on the banking system to invest in technology in order to take care of the macro requirements. "We h

Where did big tech and startups go wrong on hiring?

After Twitter and Meta, Amazon is planning to lay-off a big chunk of its workforce. Reports say that it would fire close to 10,000 employees. What led to this situation? And what's the road ahead?

Laid-off tech employees find it hard to get jobs amid global slowdown

Most of those who lost their jobs at Big Tech companies recently are struggling to get jobs as there is a freeze on new hirings at nearly every top firm amid recession fears

After Rs 1,338-cr penalty on Google, CCI speeds up Apple antitrust case

Apple's restrictions prima facie result in denial of market access for potential app developers and distributors

Europe considers making 'Big Tech' pay for building the internet

Matt Brittin, Google's President of EMEA, said at an event in Brussels that it'll be customers who pay "either with price or pay in worse services," if Europe adds a streaming fee.