After years of seemingly limitless expansion, America’s tech industry has hit a wall. Companies are in cash-preservation mode, resulting in thousands of job cuts per month and a wave of layoffs in November. While the sudden loss of a paycheck can be devastating for anyone, especially during the holiday season, the recent wave of cuts …
Tech layoffs send visa holders on frantic job search to avoid deportation Read More »
The number of layoffs in the tech sector this year is approaching the annual levels seen during the Great Recession, but is far from dot-com-bust territory. As tech companies grapple with falling stock prices, inflation, rising interest rates and a possible recession, they have announced more than 60,000 job cuts this year, with indications such …
‘It wasn’t sustainable or real’: Tech layoffs approaching Great Recession levels Read More »
Trading on the NYSE floor Source: NYSE Here are the most important information investors need to start their trading day: 1. For the birds There are still two trading days until Thanksgiving, but things are already slowing down on Wall Street. Shares fell in a low-volume session on Monday as investors assessed new Covid developments …
5 things to know before the stock market opens on Tuesday Read More »
