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News

• PayPal to layoff 2,000 employees

  PayPal has become the latest technology company to announce wide-spread layoffs, with the company set to cut 2,000 jobs, about seven per cent of its workforce.

• Top cloud vendors spend big as race for scale heats up

  ​Global hyper-scale cloud vendors collectively forked out at least US$27 billion in capital expenditure over the three months ending March.