Alphabet Inc.'s Google has finally decided to cut 12,000 employees, or 6% of the workforce. Employees described a mostly orderly if impersonal transition, communicated mostly via the same technology products they helped build, with no direct answers for individuals about why they were included or not.

Ten years after first announcing its plans, Amazon is now launching its Prime Air drone delivery program in two small markets.

Amazon Web Services (AWS) has announced plans to invest $35 billion in the construction of new data centers in Virginia by 2040, demonstrating their commitment to staying ahead of competitors Microsoft and Alphabet.

CEO Sundar Pichai said that the job cuts will be felt across the company and around the world. He acknowledged that the decisions that led to this point are his responsibility. Alphabet shares rose 1.8% in premarket trading in New York on Friday after the company announced it would spin off its Google business. The stock has fallen about 30% over the past year.‍

The US climate bill passed last year has caused a stir at the Davos summit this week, with German officials expressing concerns and European lawmakers feeling pressure to respond. Officials from the European Commission to the leaders of France and Germany are now calling for industrial bills that would match the US incentives.

Ericsson AB reported a bigger-than-expected drop in fourth-quarter earnings after some of its major customers for 5G networks pulled back on spending because of an uncertain economic environment. The shares dropped sharply in response to the news. This is a setback for the company, which had been hoping to benefit from the rollout of 5G networks around the world.