Tech’s layoffs and hiring freezes are deepening, as Amazon.com Inc. today announced a pause in new hires, Lyft Inc. and Stripe Inc. said they are laying off hundreds of employees amid the worsening economy, and even Apple Inc. was reportedly holding off on new hires outside research and development roles. Amazon, which had previously announced ...

With online advertising hitting a slow patch along with the overall economy and inflation taking its toll, even Alphabet Inc. didn’t escape the downdraft today as it reported its fifth straight quarter of slowing revenue growth. The parent of ad and cloud giant Google LLC reported that its profit for the third quarter ended Sept. ...

Amazon. com Inc. today disclosed in a securities filing that it has received a request for more information from the Federal Trade Commission on its planned $3.9 billion acquisition of 1Life Healthcare Inc., which runs primary-care clinics under the name One Medical. Publicly held 1Life disclosed the investigation in a securities filing first reported by the ...

Amazon.com Inc. today said it will shut down its Amazon Care telehealth service by the end of the year, casting some doubt on its aggressive plans to become a force in health services. According to an internal memo first reported by Geekwire, the retail and cloud computing giant determined that Amazon Care failed to become ...

As expected, Broadcom Inc. today said it will acquire computer virtualization and cloud services giant VMware Inc. in a $61 billion deal that would be one of the largest technology mergers ever. Broadcom will pay $138.23 per share for VMware in the cash-and-stock deal, more than 40% above VMware’s stock price before reports of the deal. ...

Yet another strong showing in cloud computing failed to prevent Amazon.com Inc. from reporting a surprise loss, and a disappointing forecast for the next quarter sent its shares down hard in extended trading today. The retail and cloud giant reported its first-quarter net loss of $3.8 billion, or $7.56 a share, reversing an $8.1 billion ...

It couldn’t get much worse for Meta Platforms Inc. than when it lost $230 billion in market value in February after reporting its first-ever drop in daily users, and today the Facebook parent actually managed to show surprising improvement, sending its stock soaring in late trading. Meta, which rebranded itself in October in the hope ...

A slowdown in spending on advertising amid the Russian war on Ukraine and an uncertain economy took a toll on Google parent Alphabet Inc. today as it reported first-quarter results that disappointed investors. The one highlight for the quarter was Google Cloud, Alphabet’s cloud computing unit. It saw strong growth as revenue jumped 44%, to ...

Cisco Systems Inc. has reportedly made a takeover offer for Splunk Inc. worth more than $20 billion. The Wall Street Journal reported late Friday, however, that the companies “aren’t currently in active talks,” according to “people familiar with the matter.” Bloomberg characterized the talks as having broken down. The offer tops, though not by much, ...

Amazon.com Inc. beat back investor worries about higher costs and slowing growth today, as its shares soared on better-than-expected fourth-quarter profits thanks to surging cloud and advertising revenue. The retail and cloud computing giant reported fourth-quarter operating profit fell by nearly half from a year ago, to $3.5 billion, though net income nearly doubled to ...