Hey Giant Profitable Company... Lay Off with The Layoffs (Fortnightly News Update)
Description
Major tech companies are making significant moves with mergers, acquisitions, and layoffs as the industry continues to evolve rapidly and face new challenges in the market.
• Rumors suggest Arista Networks is acquiring VeloCloud from Broadcom for nearly $1 billion, potentially strengthening Arista's SD-WAN offerings
• Charter and Cox Communications are merging to combat declining cable relevance, continuing the trend of telecom mega-consolidation
• Microsoft laid off 6,000 employees (3% of workforce) despite reporting $25.8 billion quarterly profit
• Microsoft openly stated layoffs will fund AI capital investments, with plans for continued annual cuts
• Microsoft announced it will host rival AI models in its data centers and is launching a new autonomous coding agent
• Security concerns arise as Microsoft plans to give AI agents "digital identifiers" similar to human employees
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