Market Analysis
AI Responsible for 4.8% of US Job Cuts in May: Report
In total, US-based employers laid off 80,089 employees in May 2023, around 3,900 of which were due to AI.
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tech layoffs
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tech layoffs
Best Stocks
Three Tech Stocks that Aim to Be Leaner in 2024
AI and recession concerns place pressure on tech companies.
Best Stocks
Tech Layoffs Continue as Amazon Plans to Eliminate 9,000 Positions
Amazon said it will lay off 9,000 employees in the coming period, just a few months after trimming 18,000 positions.
Market Analysis
Tech Leads US Layoffs with 21,387 Workers Sacked in February
Tech industry accounted for 28% of all layoffs in February, cutting 21,387 jobs in the shortest month of the year.
Market Analysis
Meta Up 1.5% in Premarket Amid Reports of More Downsizing
Meta shares are up over 53% YTD as the company's push to restore profitability at any cost pays out.
Market Analysis
PayPal to Cut Its Workforce By 7% Firing 2,000 Employees
PayPal’s CEO said that the layoffs are a part of an ongoing effort to “strengthen” and “reshape” in a “challenging macro-economic environment”.
Market Analysis
January Started with 22x More Tech Job Losses
Agile tech sector foreshadows recession to hit the economy at large.