Facebook apologized for an outage that on Monday took down Facebook’s website, Instagram, WhatsApp, Oculus VR and other services, blaming a faulty network configuration. In a blog post , the company said that changes to the configuration of the routers that coordinate network traffic caused problems that cascaded throughout their system. The company said it found no evidence that users’ data...
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Amazon Takes Its Time Delivering Second Round of Job Cuts
Amazon is in the lead! The e-commerce behemoth has moved ahead of Alphabet in the contest to win this year’s IBM Cup, awarded occasionally to the most bureaucratic and slow-moving big tech company around. That’s one takeaway from Amazon CEO Andy Jassy’s explanation today for cutting another 9,000 jobs, on top of the 18,000 layoffs already announced. Jassy said in November the job cuts flowed...
FTX Sues Liquidators of Bahamas Unit
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
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