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As global macroeconomic conditions worsen and funding slowdown continues, global startups are cutting their spends on an integral part of tech businesses – cloud storage – by renegotiating contracts with service providers like AWS and Google Cloud, multiple startup founders told ET.

Many of these companies have slashed cloud expenses by 20%-30% while some growth stage startups such as ecommerce platforms Meesho and Dealshare have brought down their cloud expenses by 50%, under pressure to control their cash burn, they said.

This has led to the top three cloud service providers – Amazon Web Services (AWS), Google Cloud Platform and Microsoft Azure – waging pricing wars to lure startups onto their platforms in the current downturn.

Over the past months, several startups have been approached by AWS rivals to switch over for lesser pricing, multiple founders who have been in talks with them confirmed.

In some instances, founders are using pricing quotes received from Google Cloud and Microsoft Azure to renegotiate discounted contracts with AWS, their primary cloud service provider, said one of the founders.

“If you understand and care for other and put value to every persons work, the work becomes easy. With my long IT experience I already have a good repository of Code/design and Techincal solutions, with those I collaborate and share my proven experience, that helps to on board the juniors and effective delivery for the sake of project goal. If you understand and work with others you care and help others which accelerate performance for the whole team and result a team and organization success.”

There is always gap between the business req and engineering team understanding. Mita team has true potential to accelerate and make the project people efficient to deliver the requirement as needed.

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