Tech executives sign spending in 2023 even amid mass layoffs

FAANG shares displayed on the Nasdaq. Adam Jeffery | CNBC Because the potential for a recession and a decline in shopper spending grows, firms throughout sectors are signaling that they’re…

Tech layoffs in Southeast Asia develop as unprofitable startups prolong runways

Shopee reportedly carried out three rounds of layoffs this yr as its mother or father Sea Restricted struggles in direction of profitability. Lauryn Ishak | Bloomberg | Getty Pictures Extra…

$400 billion erased from European tech market in 2022, Atomico says

The Klarna emblem displayed on a smartphone. Rafael Henrique | SOPA Photos | LightRocket by way of Getty Photos Europe’s tech business has misplaced greater than $400 billion in worth…

Cramer says he likes shares in these 4 industries over tech proper now

CNBC’s Jim Cramer on Tuesday supplied buyers a listing of industries they need to eye over tech when managing their portfolios. Right here is his listing: Industrials Meals Prescribed drugs…

Wefox CEO ‘disgusted’ by mass tech layoffs: ‘These are people’

Wefox CEO Julian Teicke. Wefox HELSINKI, Finland — The boss of European digital insurance coverage startup Wefox supplied a damning response to tech corporations which have laid off employees en masse. The…

Jim Cramer says these 10 tech and software program shares could make a comeback

CNBC’s Jim Cramer on Tuesday named hammered tech shares that he believes could make a comeback after the Federal Reserve finishes tightening the economic system. Right here is his checklist: …

Testing Meta’s Quest headset with CNBC Tech Government Council members

It is no secret that Meta CEO Mark Zuckerberg is betting huge on the metaverse. The corporate poured $10 billion into its Actuality Labs enterprise final yr to assist flesh…

Lightspeed is ‘spending a fortune on hiring’ as tech sector cuts jobs

Breadcrumb Path Hyperlinks Work Retail & Advertising Information Innovation CEO goals to select up expertise that Amazon, Fb, Shopify and Twitter have let go Workers chat in Lightspeed Commerce Inc’s…

Tech layoffs not a bellwether for cuts in different industries: Morgan Stanley

Small toy figures are seen in entrance of displayed Fb’s new rebrand emblem Meta on this illustration taken, October 28, 2021. Dado Ruvic | Reuters The ranks of tech workers…

Tech leaders reckon with greater rates of interest, down rounds and layoffs

Guillaume Pousaz, CEO and founding father of fee platform Checkout.com, talking onstage on the 2022 Internet Summit tech convention. Horacio Villalobos | Getty Pictures LISBON, Portugal — As soon as…