Saturday, 23rd September 2023
<To guardian.ng
Search

Tech turbulence: Silicon Valley sheds jobs as industry growth slows

By France24
12 February 2023   |   1:11 pm
The wave of mass layoffs continues to shake tech companies, from global giants to startups. With growing demand from consumers stuck at home and online, the tech sector went on a hiring spree during the pandemic. But since last year, as inflation rose and profits slowed, hundreds of thousands of workers have lost their jobs.

Related

3 Nov 2021
Newcastle United's new owners were reportedly seeking former Arsenal manager Unai Emery to take charge of the team as they seek to change the club's fortunes.
26 Jul 2022
Hundreds of thousands of Ukrainian refugees have arrived in Germany since the Russian invasion in March. They were promised access to housing, financial support and the job market. But things have not been that easy.
18 Sep 2022
As households and businesses face rising energy bills, the EU's Commissioner for Jobs and Social Rights is stressing the importance of supporting small and medium-sized businesses all over Europe. "A lot of households and household incomes depend on the survival of SMEs. That's why it's important to support businesses and particularly SMEs," Nicolas Schmit told FRANCE 24's Armen Georgian. Schmit also discussed the latest developments on minimum wages and the regulation of platforms such as Uber Eats and Deliveroo.
7 Oct 2022
Federal Reserve Chair Jerome Powell says he won't cause a deep recession but that "pain" is necessary to fight inflation. To curb the largest price increases in four decades, the US Federal Reserve has been raising interest rates this year.
24 Oct 2022
The former British finance minister is seen as favorite to win the Conservative Party leadership race after former Prime Minister Boris Johnson pulled out.
13 Jan
Arsenal legend Thierry Henry has shut down rumors linking him with the vacant Belgium manager job. It had been reported that Henry had contacted the Belgian FA to succeed Roberto Martinez as first-team manager. However, Henry claims he never contacted the Belgian FA over the possibility of taking over from Martinez.
11 Feb
The newly passed equality act aims to tackle the massive imbalance between men and women in positions of power. It also guarantees at least 14 weeks of maternity leave.
8 Feb
US President Joe Biden pledged to continue rebuilding the economy and uniting the nation during a speech before a divided Congress. Republicans heckled the president, booing his remarks at points during the address.
12 Feb
The wave of mass layoffs continues to shake tech companies, from global giants to startups. With growing demand from consumers stuck at home and online, the tech sector went on a hiring spree during the pandemic. But since last year, as inflation rose and profits slowed, hundreds of thousands of workers have lost their jobs.
15 Mar
After the fall of SVB and New York-based Signature Bank, US authorities took decisive measures to prevent any possible contagion. But the factors that fueled their downfall are keeping Europeans on their toes.
27 Mar
Banking authorities in the US have approved of the sale of SVB to First Citizens Bank & Trust. SVB's March 10 collapse was the second largest in US history.
27 Apr
British media reported on Wednesday that Mauricio Pochettio is set to be named as manager of Chelsea.