Approximately 32,000 tech workers have lost their jobs so far in 2024. These layoffs come after a wave of job cuts made during 2023 in response to over-hiring during the pandemic, Bloomberg reported Monday (Feb. 5), citing data from Layoffs.fyi. However, the layoffs made in 2024 are smaller...
Tech companies have determined that the United Kingdom is not the place to launch their initial public offerings. This observation follows the decision of British semiconductor designer Arm to list in New York, CNBC reported Monday (May 8). The report attributed tech companies’ wariness about listing...
Numerous unicorns were among the hundreds of Chinese tech firms that toppled in 2019 as the economy soured and startups went through piles of cash, The Financial Times (FT) reported on Monday (Jan. 6). A “capital winter” — a significant funding slowdown and drop in...
Amazon has inked a deal to open its next headquarters in midtown Manhattan at Hudson Yards less than a year after withdrawing a plan to open a headquarters in Queens, The Wall Street Journal (WSJ) reported on Friday (Dec. 6). The eCommerce giant has signed...
February 11, 2024
Tech firms have cut 34,000 jobs so far this year amid new investments in technology. A total of 141 companies have cut staff this year as of Sunday (Feb. 11), according to Layoffs.fyi, which monitors unemployment in the tech sector. Among those companies are PayPal, eBay, Microsoft and Snap. The cuts come as tech companies assess their staffing levels […]
February 05, 2024
Approximately 32,000 tech workers have lost their jobs so far in 2024. These layoffs come after a wave of job cuts made during 2023 in response to over-hiring during the...
May 08, 2023
Tech companies have determined that the United Kingdom is not the place to launch their initial public offerings. This observation follows the decision of British semiconductor designer Arm to list in...
January 06, 2020
Numerous unicorns were among the hundreds of Chinese tech firms that toppled in 2019 as the economy soured and startups went through piles of cash, The Financial Times (FT) reported...
