A NOTE FROM OUR EDITOR-IN-CHIEF ALYSON SHONTELL

Take Amazon, for example. Tech reporter Kylie Robison wrote this week that Amazon’s cloud provider, Amazon Web Services, is placing new restrictions on hiring managers who must now use a headcount management system in hopes of creating “a more disciplined hiring system.”

“The changes come as AWS and parent company Amazon move aggressively to cut costs. After sweeping layoffs at the online retailer that affected 18,000 corporate positions over the last several months, Amazon announced another 9,000 job cuts in March, which impacted its prized cloud division,” she writes.

In the first quarter of this year, more than 180,000 tech workers lost their jobs, with January seeing the highest monthly number of employees laid-off in the last three years.

Not all tech companies are resorting to massive workforce trimming, though. Apple CEO Tim Cook said Thursday that the company isn’t planning on making any large job cuts but is slowing hiring in an effort to control costs.

Read Kylie’s full story below.

MAY 2, 2023

SUCCESS

The skills gap is so big that nearly half of workers will need to retrain this decade. These 10 skills are most in demand

Employers want evergreen, soft skills like creative thinking and analytical thinking to help close the skills gap.

FINANCE

Microsoft’s chief scientific officer, one of the world’s leading A.I. experts, doesn’t think a 6 month pause will fix A.I.—but has some ideas of how to safeguard it

In a rare interview, Eric Horvitz talks about A.I., humanity, and how the two can coexist.

The housing market is shifting—just look at earnings published by 2 giant Fortune 500 homebuilders

D.R. Horton and PulteGroup just reported a big drop in cancellation rates.

JPMorgan clears the First Republic wreckage—and notches a $92 billion coup for investors who love the deal

Overnight, the nation’s biggest bank added significant heft and stabilized the shaky outlook for regional banks.

Frank founder accused of fraud spars with JPMorgan over legal bills, passwords, and where she moved her money

The two sides continue to battle it out in court as a judge has yet to rule on whether JPMorgan must pay Frank founder Charlie Javice’s legal fees.

PERSONAL FINANCE

A millennial New Yorker earning $200,000 is rethinking her ‘toxic relationship’ with Manhattan because her rent increased by over $1,000 in 2 years

Sonia Hendrix knows she got a “sweetheart COVID deal,” but now the 37-year-old entrepreneur’s rent has soared to $5,500.

FEATURES

Michelle Pfeiffer self-funded her fragrance brand Henry Rose. Now, she’s taking outside funding for the first time

Sandbridge Capital is providing capital to the actor’s fragrance brand founded on ingredient transparency.

A rare #MeToo lawsuit in finance was set to expose Wall Street’s sexist culture. It just settled out of court

Sara Tirschwell’s five-year-old lawsuit against investment giant TCW was scheduled to go to trial last week. Now that will never happen.

CRYPTO

These researchers are terrified of A.I. Why they think cryptography could keep our future robot overlords in check

The more A.I. becomes enmeshed in our day-to-day, the more we need to know that we’re interacting with the right A.I., say researchers and entrepreneurs.

Trust has always been one of the cornerstones of successful business. But in today’s rapidly changing economy, it’s becoming the new KPI that executives need to succeed.

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