Big Tech Faces Major Challenges as Monopoly Ruling, Layoffs, and Scams Continue to Plague Industry
Just as the world of tech thought it was starting to settle into the new normal, fresh challenges have emerged. A US judge has ruled that Google is a monopolist, while Dell and Cisco have announced major layoffs. Meanwhile, India’s Telecom Regulatory Authority (TRAI) has issued a stern warning to companies misusing bulk connections, and the Central Bureau of Investigation (CBI) has warned of a surge in fraudulent activities.
Google Ruled a Monopolist
In a significant blow to Google, a federal judge has ruled that the company abused its dominant position in search and advertising markets. This ruling marks a major victory for the Department of Justice, which has been investigating Google’s business practices for several years.
‘The ruling is a significant setback for Google, which has long maintained that it operates in a competitive market,’ said a spokesperson for the Department of Justice.
Dell and Cisco Announce Layoffs
In a move to gear up for an AI-driven future, Dell has announced a significant reorganisation of its sales teams, resulting in major job cuts. Similarly, Cisco has announced plans for another round of layoffs, potentially affecting thousands of jobs, as it shifts focus toward cybersecurity and AI amid challenges in its core business.
‘The layoffs are a necessary step to ensure the future success of our company,’ said a spokesperson for Dell.
TRAI Cracks Down on Spam Calls
In a bid to curb the menace of spam calls, TRAI has announced stringent measures against entities misusing bulk connections. The regulator has warned that any company found to be misusing bulk connections will face severe penalties, including fines and even criminal prosecution.
‘We will not tolerate any misuse of bulk connections,’ said a spokesperson for TRAI. ‘We will take strict action against any company found to be involved in such activities.’
CBI Warns of ‘WhatsApp-CBI Scam’
The CBI has warned of a surge in fraudulent activities where scammers are impersonating CBI officers to extort money. The agency has warned the public to be cautious of such scams and to report any suspicious activity immediately.
‘We urge the public to be vigilant and report any suspicious activity to us immediately,’ said a spokesperson for the CBI.
Other News
- Sundar Pichai, CEO of Alphabet Inc, has sold shares worth over $3.65 million under a pre-arranged trading plan.
- Coforge has received a notice from a North American client claiming an indemnity of over $11 million due to an alleged data breach.
- VIVO has launched its V40 series smartphones in India, featuring the V40 and V40 Pro models with advanced specifications.
- Elon Musk has filed a lawsuit against OpenAI, the company he co-founded.
Tech news
Google monopolist
Dell layoffs
Cisco layoffs
TRAI spam calls
CBI scam
