The Scoop #16: Why doesn’t AWS add spending limits?
Also: similarities between the market crashes of 2022 and 2001, and worrying layoff trends.
The Scoop is a bonus series, covering patterns and trends I observe and hear about within Big Tech and at high-growth startups. Have a scoop to share? Send me a message!
In today’s issue we cover:
Why AWS does not – and will not – add hard spending limits. Another week, another startup hit by a massive AWS bill they did not anticipate. Why doesn’t AWS add spending limits to avoid these situations?
Cloudflare brought down a good part of the internet for an hour. What happened, and how did Cloudflare respond? Spoiler: they handled it much better than Atlassian in April.
Similarities between this year’s crash and the 2001 dotcom crash. Although the 2022 market crash does not seem as dramatic as the 2001 Dotcom Bust, overlaps are emerging.
Layoffs continuing and hitting tech employees. A short summary and analysis of layoffs at Stream (exclusive details), Netflix, Substack, MasterClass, Bitpanda, Unity and others.
A new and slightly worrying trend with layoffs. Every company is extending their runway - even those that have plenty.
Apple to slow down hiring from this Fall. This will affect a few organizations, starting in the next financial year.