Grab, Southeast Asia’s biggest ride-hailing and food-delivery startup backed by SoftBank, said it will lay off about 360 employees, or nearly 5% of its workforce. In a note to employees, CEO Anthony Tan cited the coronavirus pandemic’s impact on the global economy. “We have to prepare for what may be a long recovery period,” he said. The layoffs come at a time when some of SoftBank’s key...
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Internet Outages, Verizon and Value: The Information’s Tech Briefing
If you’re on the East Coast, you might have experienced the internet outage this morning that played havoc with Zoom calls, Gmail and other everyday working tools. Unlike previous outages, this wasn’t caused by a cloud provider like AWS or a specific application like Slack but by Verizon, which owned up to a “fiber cut” in Brooklyn. It’s a reminder of the critical...
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Microsoft Shares Jump on Pandemic-Related Gaming, Cloud Sales
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