Techstrong News Recap – January 5, 2023
On Jan. 5, William Willis covered video game testers forming Microsoft’s first union, Sam Bankman-Fried pleading not guilty to fraud and Coinbase reaching a $100 million dollar settlement with New York state. He also talked about Salesforce cutting 10% of its workforce. Finally, he previewed articles from Digital CxO, DevOps.com and Container Journal, which covered trends in 2023, a survey showing why DevOps needs automation and a review of 2022 for Kubernetes.
Transcript
Hi again, everyone here the headlines for January 5th. First up a group of video game testers have formed the first ever labor union at Microsoft. This Tuesday, approximately 300 quality assurance workers from Microsoft subsidiary zennimax Studios voted to join the union while there have been talks of unionizing long before Microsoft purchases zenimax.
The campaign was exacerbated by Microsoft's Bid to Buy Activision Blizzard with the company promising neutrality if workers sought to form a union zooming out though. This is a big step forward as unionization is still relatively uncommon in Tech engagement Industries. Next Sam Bateman freed.
The founder of FTX has pleaded not guilty to charges of defrauding investors. On Tuesday in the Manhattan federal court Bateman free denied charges of using his money for trades at his hedge fund and for lavish real estate purchases. The judge presiding of the Court set a court date of October 2nd meaning the story is far from over so we have to see is this develops.
While on the subject of cryptocurrency coinbase reached a hundred million dollar settlement with New York regulators. The New York State Regulators find coinbase 50 million because it allowed customers to open accounts without extensive background checks, which went against anti-money laundering laws. Additionally another 50 million was required to boost compliance efforts at blocking criminals from using coinbase's services.
Coinbase has since addressed these problems. But this settlement comes with coinbase has been receiving more and more scrutiny from Regulators ranging from the DFS to the SEC. Next up Salesforce is announced that it would cut 10% of its current Workforce which the move would affect over 7,000 employees.
Additionally Salesforce is stated that it might have to shut down offices in some markets. Salesforce is citing the challenging economic environment and hiring too many people throughout the pandemic because of this. This might sound like deja vu a Salesforce announced the previous round of layoffs in early November of last year.
This announcement shows that while we are entering a new year. The current economic environment has no means of changing anytime soon. On digital cxo we've an article looking at some of the trends for the year ahead.
While 2023 is going to have it surprises. There are several trends that will be at the front and center for technology Enterprises. com.
com. We have an article looking at why devops must Embrace Automation in 2023? Chronos for your surveyed over 500 engineering and software development professionals and found that devops teams spent over 10 hours trying to understand incidents with over 96% saying that they spend most of their time resolving low-level issues.
com. Finally on container Journal. We've an article reviewing what happened with Cloud native Technologies in 2022.
2022 was a great year for cloud native especially kubernetes. com. And that's today's text wrong news recap.
