We are officially heading into the second year of the bear market. Businesses around the world are feeling the pinch as consumers and trading partners tighten budgets as 2023 approaches. A recession is possible and inflation remains a lingering concern for many. Eventually, this bear market will end and the best companies that have managed …
Briana Morris knew the job search would be tough this year. A college graduate and computer science major in Tampa, Florida, she began sending in applications around the time mass layoffs began to hit the tech industry from the ground up. Her total number of applications: 500. She tracked them on a spreadsheet. “The competition …
Recent tech grads send hundreds of job applications to a dwindling market Read More »
Wall Street has faced difficult market conditions throughout the year, and the Nasdaq Compound (^IXIC 0.37%) suffered bigger declines in the 2022 bear market than most of its index counterparts. Volatility continued on Friday as what initially looked like another good day for stock investors reversed lower on worries about inflationary pressures. Even with the …
2 Best Performing Nasdaq Tech Stocks in a Volatile Market | The Motley Fool Read More »
TAIPEI – Thousands of tech layoffs could end up being a boon for start-ups that struggled to hire talent during the heady days of sky-high valuations. The big catch: They must first ensure their own survival after venture capitalists pull back sharply in 2022. The history of Silicon Valley is full of stories of companies …
Tech layoffs this year offer a hiring boon for surviving startups Read More »
At a press conference Ars attended today, Department of Defense officials discussed the benefits of partnering with Google, Oracle, Microsoft and Amazon to build the Pentagon’s new cloud computing network. The multi-cloud strategy has been described as a necessary measure to keep military personnel current as technology advances and managers’ familiarity with cloud technology has …
The Pentagon chose four tech companies to form a $9 billion cloud computing network Read More »
Shopee has reportedly made three rounds of layoffs this year as its parent company, Sea Limited, struggles for profitability. Lauryn Ishak | Bloomberg | Getty Images More tech startups in Southeast Asia have laid off workers this year as macro headwinds deepened losses and venture capitalists pushed startups to expand their leads. Last week, online …
Tech layoffs in Southeast Asia rise as unprofitable startups seek to expand their leads Read More »
CHARLOTTE- No recession happened in 2022, despite many predictions that the economy would fall into an economic recession – and the same could happen in 2023. That’s according to an economist at the University of North Carolina at Charlotte who spoke about the economic environment in the United States and North Carolina during the North …
Economist: No recession in 2022, nor in 2023 | WRAL Tech Wire Read More »
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, August 29, 2022. Brendan McDermid | Reuters After a tumultuous year for the financial markets, Standard charter outlined a number of potential surprises for 2023 that he says are “undervalued” by the market. Eric Robertson, the bank’s chief research …
More than $400 billion in market value has been wiped from European tech companies since the peak of the 2021 boom, as venture capital deals hit a wall in late summer. The continent’s start-ups enjoyed a funding frenzy in 2021, leading to the creation of more than 100 “unicorns” – tech start-ups valued at over …
European tech groups lose $400 billion in value following funding crisis Read More »
The Klarna logo displayed on a smartphone. Raphael Henrique | SOPA Pictures | Light Rocket via Getty Images Europe’s tech industry has lost more than $400 billion this year, according to venture capital firm Atomico. The combined value of all public and private European tech companies fell to $2.7 trillion from a high of $3.1 …
Over $400 billion has been wiped off the value of Europe’s tech industry this year Read More »
