logo
episode-header-image
Nov 2022
10m 4s

Amazon set for big job cuts

Financial Times
About this episode

Amazon is planning to cut about 10,000 jobs, Google got hit with its biggest US privacy penalty, and Beijing has a plan for China’s troubled property sector.


Mentioned in this podcast:

Amazon prepares for mass job cuts in latest sign of Big Tech belt-tightening

Google hit with its biggest US privacy penalty in $391.mn settlement

Chinese property stocks soar on hopes of turning point for sector


The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. 


Read a transcript of this episode on FT.com


Hosted on Acast. See acast.com/privacy for more information.

Up next
Today
US billionaires bankroll Republican election push
US and Chinese experts meet to discuss mitigating AI risks despite an ongoing tech rivalry, and US megadonors are largely backing Republicans in this midterm election season. Plus, Prime Minister Mark Carney strikes out on his pitch for a “unique alliance” between Canada and the ... Show More
10m 26s
Yesterday
What an AI slowdown could mean for investors
Tech stocks fell yesterday as markets reacted to ongoing talk of an AI apocalypse, industrial America is contending with a fresh wave of supply chain inflation, and foreign investors are now buying more US stocks than government bonds. Plus, China has implemented sweeping new con ... Show More
11m 45s
Sep 14
Fed and BoJ expect rate hikes as US bond market flails
US Treasury secretary Scott Bessent’s interventions in the American bond market haven’t worked so far, but could interest rate decisions from the Federal Reserve and Bank of Japan this week change things? Plus, Russia hit a Ukrainian train line moments after foreign dignitaries t ... Show More
11m 37s
Recommended Episodes
Dec 2022
How Layoff News Is Hiding a Hot Job Market
<p> Companies like Meta and Twitter have said that they will be cutting jobs. Google and Amazon have announced that they are putting a freeze on any new hiring.</p><p>Are tech layoffs a sign of things to come across other sectors? Is this the opening bell for the bad news on the ... Show More
21m 36s
Nov 2022
The tech boom is over
Mark Zuckerberg fired 11,000 employees at Meta. Elon Musk axed half his staff at Twitter. Other tech giants are slashing jobs and eliminating perks, too. Recode’s Peter Kafka says the era of big tech growth is over. This episode was produced by Amanda Lewellyn, edited and fact-ch ... Show More
26m 11s
Mar 2023
ChatGPT Will See You Now, and Silicon Valley Bank Fallout Continues
The Biden administration tells Tiktok to leave ByteDance or leave the US. Meta's year of Zuck-ficiency continues, with another 10,000 layoffs. Kara and Scott unpack the decision to backstop Silicon Valley Bank, as Credit Suisse deals with its own potential issues. Also, ChatGPT g ... Show More
1h 4m
Feb 2021
Tech News: Lost in the Amazon
Jeff Bezos is stepping down as CEO (but will stick around Amazon). Google releases how much money it made (and lost) in cloud services. Gearbox Software has a new owner, and more! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener ... Show More
39m 3s
Oct 2025
TNB Tech Minute: Meta, Google and Microsoft Report Strong Earnings
Plus: GM will lay off more than 3,300 workers at EV and battery plants. And Amazon Web Services plans to invest an additional $5 billion dollars in South Korea to build new AI data centers. Julie Chang hosts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for infor ... Show More
2m 20s
Apr 2020
World Health Organization in the crosshairs, the robot revolution, Softbank's struggling Vision Fund and a big prediction: Amazon is going to be a $2 trillion company by 2020
Kara and Scott evaluate President Trump's recent business decisions from defunding the W.H.O., to his "council to reopen America", and the public/private partnership. They also talk about the possible end of Vision Fund after SoftBank tells investors they may have lost $16.7 bill ... Show More
59m 43s
Jul 2019
Deutsche Bank Shake-Up, Amazon Workers Plan Prime Day Strike, Stranger Things Helps D&D Go Mainstream
Mark Grant, Managing Director and Chief Global Strategist at B. Riley FBR, discusses Deutsche Bank’s restructuring as the financial institution cuts jobs and exits its equities business. Josh Eidelson, Bloomberg News Labor Reporter, explains why Amazon workers in suburban Minneap ... Show More
33m 31s