The tech giants in the us are dominating the business agenda today. Jeff bezos is stepping down as amazons Chief Executive. The Online Retail giants founder will move to become the compa ny s executive chairman. He will be replaced as ceo by andy jassy, the current boss of amazons Cloud Computing business. And this comes as the firm reported 386 billion in sales in 2020, thats up 38 on the year before. Their profits almost doubled, rising to 21. 3 billion. So whats been the reaction to the news bezos is stepping to the side, and what do we know about the new boss . Duncan howe is e commerce strategist at cheil uk, which is a Digital Marketing and advertising agency. Duncan, welcome to the programme. Executive chair man still means he will have a lot of control and very much involved in and is on, but it is the day to day responsibility. What do you think about this move . I responsibility. What do you think about this move . I think it is a bit of think about this move . I think it is
Haleys motors . Haleys motors . Certainly is a key thing haleys motors . Certainly is a key thing peeple haleys motors . Certainly is a key thing people are haleys motors . Certainly is a key thing people are talking l key thing people are talking about, the age issue. Another thing is the us economy from the stock market, its indicated its showing strength, but americans might not be feeling the benefit. This is the thing, on paper of the economy is quite strong. It looks like a us soft landing after covid and inflation issues weve had, and we dont see a recession on the horizon, so americans should be feeling good about the economy and their pocketbooks. They dont, and there is concern of where things might be going heading forward. But certainly they should be feeling better than they do, but this will be a challenge because again, theyll be looking for biden to say notjust theyll be looking for biden to say not just whats theyll be looking for biden to say notjust whats happening t
sacked join a much larger group of tech workers across the industry who ve lost their jobs since the end of the pandemic. earlier, i spoke to a tech sector expert, who told me snap s quarterly results are quite dire. iii snap s quarterly results are quite dire- quite dire. if you looked up disaster quite dire. if you looked up disaster in quite dire. if you looked up disaster in the quite dire. if you looked up| disaster in the dictionary, you d see snap s earnings. they continue to be in trouble. they re on the outside looking in another black eye quarter for snap, especially the advertising team.- for snap, especially the advertising team. the surge in tech lay-offs advertising team. the surge in tech lay-offs in advertising team. the surge in tech lay-offs in 2024 - advertising team. the surge in tech lay-offs in 2024 would i tech lay offs in 2024 would suggest there s trouble in the industry, perhaps, but that may not necessarily be the case if we loo
begin with developing news from the middle east. the syrian army says israel has struck a number of targets in homs province north of lebanon. state media said they shot down several missile the syrian observatory for human rights put the number of dead at four. since the war in gaza broke out in october, israel has escalated attacks on what it says are iranian backed mischa targets. we ll have more as it develops. hamas says it has given approval for a ceasefire hamas says it has given approvalfor a ceasefire in approval for a ceasefire in gaza. approvalfor a ceasefire in gaza. details have not been released but there are reports that there are be a truce in exchange for return of israeli prisoners. here s a little of antony blinken s statement. we had meetings already on this trip in riyadh. in cairo, and now today in doha, focused on ensuring that we can use any pause. to continue to build out plans for the day after in gaza, security humanitarian, all bringing challenges
larger group of tech workers across the industry who ve lost theirjobs since the end of the pandemic. i talked to tech expert dan ives earlier who had this to say about the current tech landacape. if you looked up disaster in the dictionary you would see their earnings, and there continues to be a drop off, they are the outside looking in, another black eye quarter for them,. in, another black eye quarter for them”- in, another black eye quarter for them- for them,. the surge in tech lay-offs for them,. the surge in tech lay-offs and for them,. the surge in tech lay-offs and 20 for them,. the surge in tech lay-offs and 20 was - for them,. the surge in tech lay-offs and 20 was at - lay offs and 20 was at therefore would suggest there is trouble in the industry, but that may not be the case if we look at other key measures. it s a tale of two cities, the strong are getting stronger, the er revolution, you re seeing more spending in areas like that, but then you see non