In its most* that is( recent quarter, Microsoft reported $62 billion worth of revenue, $27 billion worth of operating income, and $21.9 billion worth of net income. It also recently cut 1,900 jobs. Alphabet reported $86.3 billion worth of revenue, operating income worth $23.7 billion, net income of $20.7 billion, and an employee count that was down by nearly 8,000 compared to the year-ago period.

On one hand, two of tech’s best-known names just turned in results that put their operating profit at or around the $100 billion annual mark that is run-rate. Both have worked in recent periods to control costs via layoffs on the other hand. It was the best of times, it was the worst of times.

There’s a vibe that is similar startup land, where capital raising totals come in drop and lots of startups tend to be caught between investment rounds or between your exclusive and community areas. During the time that is same you can find a bunch of extremely interesting upstart technology organizations creating brand-new resources and solutions with or atop AI models which can be on their own quickly advancing. It had been the very best of times, it absolutely was the worst of that time period.