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The tech sector has kicked off the new year with a spate of fresh job cuts that are coming at the same time as the industry is doubling down on investments into artificial intelligence. The tech ...
Fagan said that while some tech workers are drawn to the flexibility that contingent or part-time roles can offer, tech has historically been the No. 1 industry tech workers want to work in.
There have been two distinct waves of tech layoffs amid COVID-19, Layoffs.fyi Creator Roger Lee told Yahoo Finance in an interview. The current wave of layoffs is being driven by the macroeconomic ...
Some 212,294 workers in the tech industry have been laid off in 2023 alone, according to data tracked by Layoffs.fyi, already surpassing the 164,709 recorded in 2022.
Offices of Oracle and others in Bengaluru, India. Bengaluru is a global technology hub and is India's biggest tech hub. [68] As of fiscal 2016–17, Bengaluru accounted for 38% of total IT exports from India worth $45 billion, employing 10 lakh people directly and 30 lakh indirectly. [69] The city is known as the "Silicon Valley of India". [70 ...
The video game industry layoffs are a part of the broader tech industry layoffs that began in 2023; [17] many such layoffs have been attributed to artificial intelligence, [18] although increased interest rates, reduced demand from consumers and excessive hiring during the COVID-19 pandemic have also been cited as causes. [17]
“Recent financial news features two stories: layoffs and record profits. These are related.” A spate of tech companies have conducted layoffs in recent months.
Since the start of the year, media, tech and video gaming industries have been hit hard by layoffs. Microsoft cut 1,900 employees across Xbox and Activision Blizzard.