Articles for Tech Sector

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report
7 months, 2 weeks ago

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report

India TV News  

It was reported that more than 80,000 employees in the technology sector lost their jobs in the first four months of 2024, and layoffs are continuing to haunt the overall startup ecosystem across the world. Latest figures from layoff.fyi, a portal that tracks tech sector job cuts, 279 tech companies have sacked 80,230 employees to date. In 2022 and 2023, …

Tesla Employees Tech Sector Charging Team
More money is going to African climate startups, but a huge funding gap remains
7 months, 3 weeks ago

More money is going to African climate startups, but a huge funding gap remains

Associated Press  

NAIROBI, Kenya — When Ademola Adesina founded a startup to provide solar and battery-based power subscription packages to individuals and businesses in Nigeria in 2015, it was a lot harder to raise money than it is today. Still, the investment numbers for the climate tech sector — which includes businesses in renewable energy, carbon removal, land restoration and water and …

Energy Climate Money Renewable Energy Nigeria Startups Funding
The Remarkable Resilience of Ukraine’s Tech Sector
1 year, 5 months ago

The Remarkable Resilience of Ukraine’s Tech Sector

Wired  

In February 2022, Ukraine’s tech sector was booming. Its universities have long been a formidable production line for STEM talent, and thousands of these young graduates helped Ukraine first become Europe’s back office, stocked with developers and designers working for international clients, and then an innovation center in its own right, with a flow of cutting-edge startups: From deep-tech and …

Ukraine Tech Sector
Microsoft, Meta beat Street estimates; what should you do?
1 year, 7 months ago

Microsoft, Meta beat Street estimates; what should you do?

Live Mint  

The March quarter numbers of Microsoft Corporation and Meta Platforms Inc. must have given a big relief to investors in these gloomy economic times. Meta reported revenue of $28.6 billion, up 3 per cent against the previous year while Microsoft's revenue for the January-March quarter rose 7 per cent year-on-year. "The unexpectedly good results of Microsoft and Meta might give …

Global Indian Companies Microsoft Nifty Sector Meta
Tech fall: IT mutual funds disappointed investors big time in fiscal 23; what should you do now?
1 year, 8 months ago

Tech fall: IT mutual funds disappointed investors big time in fiscal 23; what should you do now?

Live Mint  

There is an old saying that says, ‘whatever goes up must come down’. Tech mutual funds 1-year returns Aditya Birla Sun Life Digital India Fund -15.32 Franklin India Technology Fund -11.89 ICICI Prudential Technology Fund -18.80 SBI Technology Opportunities Fund -10.82 Tata Digital India Fund -18.26 Why the fall? Technology is often seen as a high-risk, high-reward sector, and technology …

Technology Tech Mutual Funds Fall Investors Sector Invest
A 2nd wave of layoffs at Meta; 10,000 jobs are cut
1 year, 9 months ago

A 2nd wave of layoffs at Meta; 10,000 jobs are cut

Associated Press  

Facebook parent Meta is slashing 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard. The Menlo Park, company said Tuesday it will reduce the size of its recruiting team and make further cuts in its tech groups …

Tech Company Cut Meta Zuckerberg
Eric Schmidt Is Building the Perfect AI War-Fighting Machine
1 year, 10 months ago

Eric Schmidt Is Building the Perfect AI War-Fighting Machine

Wired  

But AI technology is mostly being invented in the private sector. “The big challenge that the US military faces going forward is how to rapidly adapt commercial technologies for military use faster than competitors,” says Paul Scharre, a vice president at the Center for a New American Security, a think tank, and the author of Four Battlegrounds: Power in the …

China Tech Google Pentagon Eric Schmidt Scharre Perfect Ai
Microsoft's dour outlook raises red flags for tech sector
1 year, 10 months ago

Microsoft's dour outlook raises red flags for tech sector

The Hindu  

Microsoft Corp.'s lacklustre quarterly outlook points to more gloom ahead for the tech sector, analysts said, after the tech bellwether warned its customers were cautious about spending in a turbulent economy. The warning sent Microsoft's shares down over 3%, while those of big-tech peers Amazon.com Inc., Apple, Alphabet and Meta Platforms fell as much as 4%, weighing on the Nasdaq …

Tech Microsoft Nadella Tech Sector
Over 30,000 lay-offs in Indian tech sector in last two years: Check list
1 year, 11 months ago

Over 30,000 lay-offs in Indian tech sector in last two years: Check list

Live Mint  

When the covid-19 pandemic struck in 2020, the world almost went into a shutdown. Over the past two years, more than 30,000 people lost their jobs in India in the tech sector. Ed-tech company Byju's has fired about 2,500 employees in the past two years. While Gaurav Munjal’s Unacademy laid off 1,500 employees over the last two years. Reports of …

India Employees Company 2020 Layoffs Laid Tech Sector
Global stocks sink as all eyes on mass tech sector lay-offs
2 years, 1 month ago

Global stocks sink as all eyes on mass tech sector lay-offs

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. With the elections in the US still not providing …

European Ftse European Markets Tech Sector
Asian investment in UK tech start-ups soars, new data shows
3 years, 5 months ago

Asian investment in UK tech start-ups soars, new data shows

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. However, the data comes as nearly 70% of middle …

Singapore Infrastructure Japan Investment Asian Investors Rsm
Major tech firms urge Japan ministers to double renewable energy targets for 2030
3 years, 11 months ago

Major tech firms urge Japan ministers to double renewable energy targets for 2030

Firstpost  

Still heavily reliant on fossil fuels, Japan is still reeling from public anger over the 2011 Fukushima meltdown, which put all its nuclear reactors temporarily offline. Major firms including Sony, Panasonic and Nissan on Monday urged the Japanese government to make its 2030 renewable energy target twice as ambitious. “An ambitious target will stimulate renewable energy deployment, and Japanese companies …

Japan Renewable Energy Renewable Energy Target