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Likely not if Clancy’s statements on Amazon’s bullishness are to be believed. But it wouldn’t be a surprise to see more layoffs or cost-cutting endeavors in the near future.
The tech industry layoffs are basically an instance of social contagion, in which companies imitate what others are doing. If you look for reasons why companies do layoffs, the reason is that everybody else is doing it. Layoffsare the result of imitative behaviorand are not particu...
The tech industry layoffs are basically an instance of social contagion, in which companies imitate what others are doing. If you look for reasons for why companies do layoffs, the reason is that everybody else is doing it. Layoffs are the result of imitative behavior and are not particularly...
Alphabet's announcement comes after news that many of its closest competitors,Amazon,Meta Platforms, andMicrosoft, are each cutting 10,000 employees or more from their payrolls. It's unclear if Alphabet would have announced the layoffs if its peers hadn't, but those moves by its rivals essenti...
However, some believe that competition extends to what these tech giants are doing to increase their technology stocks since there have been no market repercussions since the layoffs. Alphabet, Microsoft, and Amazon stocks have risen considerably in the past year following theirjob cuts announcements....
After all, while these companies have certain things in common, their underlying businesses are very different, and their income statements and balance sheets look nothing alike. So if the layoffs are the product of careful calculation by these CEOs about the number of workers they need to optimi...
‘Quiet firing’ layoffs risk fomenting a toxic environment Jul 10, 20246 mins opinion AI regulation: While Congress fiddles, California gets it done Jun 26, 20245 mins opinion Senior employees, ordered back to the office, are jumping ship ...
The Qualcomm layoffs are the latest in a string of job cuts to impact the technology industry this year. The company specializes in making the processors that sit at the heart of virtually every Android smartphone in the world, and also many of Apple Inc.’s iPhones. Qualcomm makes billions...
OLED TVs are in their infancy. OLED is a fussy technology and these TVs are difficult to make, as evidenced by the fact that they have been in some manner of prototype stage for years now. But even if they weren’t difficult to make, there would still be the challenge of scaling up ...