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Forbes (April 8)

2023/ 04/ 09 by jd in Global News

“Job cuts are approaching levels not seen since the pandemic began in 2020, as major cuts in the technology and financial industries are starting to show their impact on the economy and soften the labor market.”

 

Economic Times (January 23)

2023/ 01/ 26 by jd in Global News

Big Tech’s “planned rightsizing is… unlikely to make up for the deep correction in 2022 of technology companies’ stock prices. Earnings estimates for the last quarter of 2022 are grim and Big Tech may have to go in for more job cuts to keep market capitalisation aloft. This could be a theme for the industry in 2023.”

 

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