Nvidia’s $500 billion market value loss to DeepSeek, layoffs at Amazon & Microsoft, SEBI’s crack down on financial influencers and other top tech news of the week

This week in the world of technology, tech giants Amazon and Microsoft announced layoffs, affecting employees across divisions. Securities and Exchange Board of India (SEBI), India’s stock market regulator, took action against financial influencers for misleading advice. Meanwhile, Nvidia saw a huge drop in its market value, losing $500 billion due to Chinese new AI app DeepSeek which has taken the tech world by storm. These and more in top tech stories of the week.

Microsoft terminates employees with immediate effect and no severance pay