After merger, T-Mobile lays off hundreds of Sprint employees

In a conference call on Monday lasting under six minutes, T-Mobile vice president James Kirby told hundreds of Sprint employees that their services were no longer needed. He declined to answer his employees’ questions, citing the “personal” nature of employee feedback, and ended the call. TechCrunch obtained leaked audio of that call, which was said […]
https://tcrn.ch/2AHbN2D

As SaaS stocks retrace highs, a glance at today’s cloud fundamentals

The domestic stock market is advancing today on the back of some better-than-anticipated economic recovery data in the United States. While retail spending is still lower compared to the year-ago period, gains in May from April were better than anticipated. The American stock market, ready to trade higher on any scrap of good news — […]
https://tcrn.ch/2Ce8D6Y

US Commerce Dept. amends Huawei ban to allow for development of 5G standards

The United States Department of Commerce today issued a change to its sweeping Huawei ban. Proponents of the move note that the change in policy ought not be regarded as a softening on the government’s stance toward the embattled hardware maker, but instead is an attempt to develop more streamlined standards for 5G, along with […]
https://tcrn.ch/2UNSLP8