The heavyweight tech sector (.SPLRCT) dropped 1.9% while energy (.SPNY) shed 2.3%, the biggest drop among the S&P 500 sectors. Shares of Apple Inc (AAPL.O), Amazon.com Inc (AMZN.O) and Google parent Alphabet Inc (GOOGL.O), which are due to post results later this week, all slumped.
In the last year, more than 70,000 people globally have been laid off by Big Tech companies and that doesn't count the downstream effect of contractors (and other organisations) losing business as budgets tighten.
More than 35 firms in the Chicago region are willing to hire workers on H-1B visas, given to foreign employees in specialty occupations such as software engineering.
The firm, one of Europe’s largest e-commerce companies by asset value, will make cuts at its corporate centers, including hubs in Hong Kong, Amsterdam and South Africa, Chief Executive Officer Bob van Dijk said in an interview Wednesday.
While speaking at India Stack Developer Conference, the minister said that the Prime Minister has decided to offer India technology platforms to countries to help them accelerate digitisation.
Tech’s job increases continued last year even as big layoffs started, though it is unclear if that trend has stretched into this year. New job opportunities were a factor as nearly 80% of laid-off tech workers said they had found a new job within three months, according to a survey by ZipRecruiter.
A daily round-up of the most interesting articles to help jump-start the day.
Each of America's five largest tech companies, though, are expected to report a fall in profits for the October-December period, as they try to recalibrate in a high-interest environment.
While the benchmark is down 17% from its record high set on Jan. 3, 2022, about three-quarters of the stocks in the index are up 20% or more from their 52-week lows, according to data compiled by Bloomberg.
TCS Q3 Earnings | TCS kicks off IT earnings season, and we've broken down in this video what's expected from the numbers today. TCS will likely report a decent performance as compared to its peers, but it has the highest exposure to weaker markets like Europe and the UK, and mega deals have started to slow down for the IT major. During the Q2 earnings, TCS CEO Rajesh Gopinathan said that the deal pipeline for Q3 looked comforting. Watch to know more!
Monetary policy in 2023 will focus on expanding demand, especially personal consumption, Guo told state-owned CCTV on Sunday, reaffirming earlier official remarks.
Initial public offerings of Indian internet firms boomed in 2021 thanks to pandemic-triggered easy-money policy and government efforts to foster startups.
Technology has significantly impacted our daily lives, not only on a business level but also on a personal one. To make your life easier in 2023, Moneycontrol’s Shibani Gharat lists all the important upcoming launches from Apple, Samsung, Oneplus and more. Watch to find out the most anticipated devices of 2023 and how can they help you to upgrade your life.
By the time the clock rings out 2022, the tech-heavy Nasdaq will have put in one of its biggest annual declines in at least 14 years.
WhatsApp has rolled out an 'Accidental Delete' feature that gives you 5 seconds to retrieve a deleted message
BetterPlace's existing investors Jungle Ventures and British International Investment also participated in the funding round
“With the consumer alpha launch of Adani One, we have taken a step forward in our digital journey. It’s our collective effort to build a digital twin that will eventually parallel our traditional businesses,” Nitin Sethi, senior vice president and chief digital officer for consumer businesses at Adani Group.
Taylor Lorenz said her official and alternate Twitter accounts were suspended on December 17 after she contacted Musk to seek comments for her story
M&M will make investment of approximately Rs 10,000 crore over a period of seven to eight years for setting up the manufacturing unit in Maharashtra's Pune
In 2019, JSW Group announced its foray into the EV manufacturing business. However, barely 18 months after the announcement, the company abandoned this plan owing to high uncertainties
The global industry for commercial spyware continues to boom. Commercial spyware has been used by intelligence services and police forces to hack phones used by drug networks and terrorist groups. But it has also been abused by numerous authoritarian regimes and democracies to spy on political opponents and journalists
The history of Silicon Valley is awash with stories of companies that were founded, or gained traction, in the ruins of recession. Amazon.com Inc. and Google, now known as Alphabet Inc., are among the big winners from past economic slumps.
The experiential and interactive museum will be built on the lines of the Bezos Centre of Innovation in Seattle and Peres Centre for Peace & Innovation in Tel Aviv, said Bommai
The only question is how much delay is due to bandwidth/latency/app," Musk, Twitter's new owner, tweeted.
Staff shed by Silicon Valley giants should be quickly absorbed elsewhere