Technology Companies Are Cutting Jobs and Wall Street Likes It
The sector is laying off workers after a hiring boom during the pandemic and their share prices are soaring.
Posted inCompany Reports Computers and the Internet Google Inc Labor and Jobs Layoffs and Job Reductions Meta Platforms Inc Microsoft Corp Social Media Start-ups Two Thousand Twenty Four Workplace Environment
Focused Cuts and Fewer Layers: Tech Layoffs Enter a New Phase
Amazon, Google, Microsoft and other tech companies have been on a layoff spree this month, with the latest cuts differing from last year’s mass reductions.
Posted inComputer Chips Computers and the Internet Google Inc Huang, Jen-Hsun Microsoft Corp NVIDIA Corporation
Nvidia’s Big Tech Rivals Put Their Own A.I. Chips on the Table
Chafing at their dependence, Amazon, Google, Meta and Microsoft are racing to cut into Nvidia’s dominant share of the market.
Posted inAntitrust Laws and Competition Issues Google Inc internal-storyline-no Khan, Lina Microsoft Corp OpenAI Labs Regulation and Deregulation of Industry
Lina Khan’s FTC Takes On AI Deals like Microsoft-OpenAI
The agency is concerned that transactions including Microsoft’s $13 billion investment in OpenAI could hinder competition and innovation.