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BBCNEWS Asia July 5, 2024

larger group of tech workers across the industry who ve lost theirjobs since the end of the pandemic. i talked to tech expert dan ives earlier who had this to say about the current tech landacape. if you looked up disaster in the dictionary you would see their earnings, and there continues to be a drop off, they are the outside looking in, another black eye quarter for them,. in, another black eye quarter for them”- in, another black eye quarter for them- for them,. the surge in tech lay-offs for them,. the surge in tech lay-offs and for them,. the surge in tech lay-offs and 20 for them,. the surge in tech lay-offs and 20 was - for them,. the surge in tech lay-offs and 20 was at - lay offs and 20 was at therefore would suggest there is trouble in the industry, but that may not be the case if we look at other key measures. it s a tale of two cities, the strong are getting stronger, the er revolution, you re seeing more spending in areas like that, but then you s ....

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BBCNEWS Asia July 5, 2024

helped drive forward returns, as you say. this target was what we were expecting to hit at the end of the year, but we have seen a little bit of better than expected economic data also helping optimism that earnings growth might pick up a bit in the next few months. so is this all about expectation for rate cuts? is the optimism because of strong earnings? i the optimism because of strong earninus? ~ ., , earnings? i think it really does reflect earnings? i think it really does reflect rate - earnings? i think it really does reflect rate cut - does reflect rate cut expectations and the growing belief that the us can have a soft landing, because when you look at earnings growth, actual earnings growth has been slow and negative for some companies. growth is slowing, it does cast doubt on the possibility of a re acceleration in the interim here. so it leaves that rally a little vulnerable to any failure to reach those expectations. japan s nikkei has crossed the 37,000 ....

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BBCNEWS Asia July 5, 2024

a much larger group of tech workers across the industry who ve lost their jobs since the end of the pandemic. earlier, i spoke to a tech sector expert, who told me snap s quarterly results are quite dire. if you looked up disaster in the dictionary, you d see snap s earnings. they continue to be in trouble. they re on the outside looking in another black eye quarter for snap, especially the advertising team. the surge in tech lay offs in 2024 would suggest there s trouble in the industry, perhaps, but that may not necessarily be the case if we look at other key measures? i think it s a tale of two cities. the strong are getting stronger the ai revolution s here. you re seeing more spending in areas like that. but then you see non strategic areas get cut across. most of the job cuts are in the rear review mirror, i think, but it shows we re in a fork in the road period in tech where the strong are getting stronger. how does ai play into that fork in the road? ai is ....

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BBCNEWS Asia July 5, 2024

the 528 employees who were sacked join a much larger group of tech workers across the industry who ve lost their jobs since the end of the pandemic. earlier, i spoke to tech sector expert, dan ives, who told me snap s quarterly results look rather bleak. if you looked up disaster in the dictionary, you d see snap s earnings. and this just continues to be the trouble. they re on the outside looking in another black eye quarter for snap, especially this the advertising team. the surge in tech lay offs in 2024 would suggest that there s trouble in the industry, perhaps, but that may not necessarily be the case if we look at other key measures? i think it s a tale of two cities. the strong are getting stronger. the ai revolution s here. you re seeing more spending in areas like that. but then you see non strategic areas get cut across path. i think most of these job cuts are in the rear review mirror, but itjust shows we re going into a fork in the road period for tec ....

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BBCNEWS Asia July 5, 2024

its goal of cutting 7.5 billion by the end of this fiscal year. pressure mounts from an activist who has been critical of the company including its disappointing stats at the box office. the company also narrowed its losses specifically in streaming. disney plus increased prices this fall. the they lost subscribers over that. but because each subscriber is paying more for the service, the average revenue per user went up. disney plus is streaming offerings including espn+. the focus of a lot of attention this week. the company announced earlier this week it s partnering with fox and warner bros to launch a new sports streaming this year and ceo said wednesday that the company is taking a $1.5 billion stake in epic games as disney s big move in the game space yet. another focus of attention, disney and politics again after a very public multi year spat with and law suit against florida governor ron desantis who accused the company of being liberal and progressive. actor ....

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