Page 59 - Tech Sector News Today

The tech cuts are only the beginning of a broader offensive against jobs by the entire capitalist elite, who are determined to use unemployment as a weapon against the rise of strike activity.

Abundant growth. meta, twitter and amazon also reducing their work forces. so why do we see this growing trend? lets ask the cohost of "the big money show" on fox business, brian brenberg, jackie deangelis and taylor riggs with us morning. good morning. brian, theyre all laying off jobs. >> yeah, heir laying off jobs because they overhired during the pandemic. they felt like the growth was going to be will, so they brought in a lot of workers. now theyre finding out environments changing, and th...

Daily basis. right now so far, many of these layoffs are focused in the tech sector and you do have folks like the ceo of microsoft earlier this week talking about slowing economic growth, recessionary fears being part of the reason that theyre starting to use -- to use that word prune, prune their workforce and the size of it. similar, not quite as strong language this morning from alphabet, but certainly a sense that theres a refocusing on areas of innovation that are going to drive these comp...

Lets take a look at some other stories in the headlines. germanys finance minister says the country is "no longer dependent on russian imports" for its energy supply. christian lindner told the bbc that his country had completely diversified its energy infrastructure since president putin turned off the gas taps to europe, which had led to fears of blackouts this winter. protesters from around peru are continuing to arrive in the capital lima to demonstrate against the president, and demand that...

Diversified its energy infrastructure since president putin turned off the gas taps to europe, which had led to fears of blackouts this winter. protesters from around peru are continuing to arrive in the capital, lima, to demonstrate against the president and demand that the government immediately hold elections. at least 42 people have died in five weeks of clashes, between protesters and security forces, according to perus human rights mediator. last week, perus top prosecutor launched an inqu...

Direction. i am glad i am not making oil and gas investment decisions right now. oil and gas investment decisions riaht now. . , , oil and gas investment decisions riahtnow. . , , �* right now. that is why im sitting here and not _ right now. that is why im sitting here and not where _ right now. that is why im sitting here and not where the - here and not where the decision—makers are. lovely to talk to you. lets have a quick look at the other stores making headlines today. microsoft says i...

LinkedIns Sharon McCooey said that the phenomenon of quiet quitting may not be as widespread as people think.

Story and the reason we might go into a recession. that really has to tamp down on all the price increases we see. >> dana: when you see businesses doing significant layoffs in the financial or tech sector. does it give you an indication of whats to come or is that in the past? >> whats interesting, that has been the classic leading indicator and yet we havent seen the layoffs, announcements, goldman sachs, sales force, financial and tech sector. we havent seen it show up in the data. we talk ab...

Because we have definitely unwided some of the policies implemented over the past few years from the private sector, the proxy sector crackdown to most recently zero covid, in a bid to rescue the economy from collapsing. however, you know, public sentiment, private sector sentiment has already been badly battered by the policies of the last few years. you know, based on our conversations with entrepreneurs in china, you know, talk is cheap, they say. they want to see more concrete action. you kn...

Action. you know, will the government start bolstering a new generation, will the government, you know, really start to embrace private tech sector again? >> and thats where i want to go. they have been -- as you say, there has been a lot of different talk. you have communist party officials saying the attack on big tech is over. there are others saying we want people to start buying houses again. what a lot of people are wondering, is the chinese government trying to get growth at any cost, or ...