After a year of big layoffs, job cuts at the tech indu…rgest companies trickled into the first month of 202… The layoffs continued even as sales and profit…d tech insiders and analysts say, is reflective of … huge challenges: coming to terms with frenetic wo…ing an aggressive move into building artificial intell…d. “We go through these cycles where you see this i… on the bottom line,” said Tim Herbert, CompTIA’s …r of the companies are spending billions to build A.I… chief executive of Meta, said in a call with anal…d to lay off employees and control costs “so we can…right where they can and redeploying resources.” G…st companies are rushing to hire engineers to build …makers. Apple is hiring for A.I. engineers, as the …illion of specialized chips from the chip maker Nvi… Over two years, 2020 and 2021, Amazon doubled its …ber of corporate jobs to 380,000 from 200,000. It … the leadership has made clear that those jobs won’t…th count,” Brian Olsavsky, the chief financial offi…lagers, Ruth Porat, chief financial officer of Alph…st its peers, Apple showed restraint with hiring du…r example, Meta, which laid off nearly 20,000 peopl…nliness. Investors have rewarded Microsoft’s stabili… company. Its market value is now more than $3 tril…he reporting.
The Persistence of Job Cuts in Big Tech Industry
The career of Roger Fidler exemplifies a warning: Sometimes, you can predict the future but still fall victim to it. Three decades ago, Mr. Fidler was a media executive promoting a vision of the future for newspapers. The rise of digital technology would allow for news to be accessed on portable devices all day long, […]Read More
Roger Fidler has had a front-row seat to the digital revolution in the newspaper industry. Thirty years ago, he was advocating for the future of newspapers as portable digital devices that would offer multimedia content to readers. While his vision has largely come to fruition with people constantly online and engaged with news, traditional media […]Read More
President Biden will issue an executive order to restrict the sale of American data to China, Russia, and four other countries in an effort to protect sensitive information from being used for malicious purposes. The order aims to prevent personally identifying data, such as locations, health records, and genetics, from being obtained by these countries […]Read More