Big tech

Labor market cooling.  What does this mean for tech workers?

The labor market is cooling. What does this mean for tech workers?

By Kirstie McDermott The last few years have been good for European workers, as the strong demand for talent has generated a number of very useful perquisites. In March this year, the International Monetary Fund (IMF) said that “the tightening of labor markets in several advanced economies is good news so far. They raised wages, …

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Twitter stormed by imposters impersonating Blair and Bush after blue tick change

Twitter stormed by imposters impersonating Blair and Bush after blue tick change

While all of the posters were fake, in all cases the accounts sharing the misleading content had blue verification checkmarks next to them, signaling that they were genuine. Many were quickly suspended from the website after being exposed. Previously, getting a blue tick implied being an organization or person deemed to be of public importance, …

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Labor market cooling.  What does this mean for tech workers?

Labor market cooling. What does this mean for tech workers?

By Kirstie McDermott The last few years have been good for European workers, as the strong demand for talent has generated a number of very useful perquisites. In March this year, the International Monetary Fund (IMF) said.) “The tightening of labor markets in several advanced economies is good news so far. They have raised wages, …

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Elon Musk fires entire Twitter board to take sole control

Elon Musk fires entire Twitter board to take sole control

Elon Musk has installed himself as sole director of Twitter, eliminating the company’s entire board as he prepares for sweeping changes to the social media company following its $44 billion takeover dollars (£38 billion). Mr Musk dissolved Twitter’s board, which included Chairman Bret Taylor and eight other board members, according to a US regulatory filing. …

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Fired Twitter executives face being denied $90 million payout by Elon Musk

Fired Twitter executives face being denied $90 million payout by Elon Musk

Elon Musk could avoid paying up to $90m (£78m) to sacked senior Twitter executives after firing them ‘for cause’, it has been reported. The social media giant’s new owner on Thursday fired four senior executives, including chief executive Parag Agrawal and chief financial officer Ned Segal, as he moved quickly to assert control of the …

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Amazon loses $200 billion in record tech rout

Amazon loses $200 billion in record tech rout

Surprisingly, Amazon’s digital infrastructure business, Amazon Web Services, also missed market expectations, generating $20.5 billion in revenue. Neil Campling of Mirabaud Securities said: “Retail and consumer weakness is not a new theme or shock. Neither inflation nor logistical challenges. But the cloud’s slowing speed will surprise many investors. Andy Jassy, ​​chief executive of Amazon, said: …

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Inside the Metaverse - What exactly is going on with Mark Zuckerberg?

Inside the Metaverse – What exactly is going on with Mark Zuckerberg?

Its push into virtual worlds is increasingly seen by investors as an expensive hobby. Meta employees have taken to calling Metaverse projects “make Mark happy” or MMH, according to a New York Times report. Yet on Wednesday, an increasingly isolated Zuckerberg – who lost former right-hand man Sheryl Sandberg earlier this year – insisted he …

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France plays bad cop as transatlantic trade tensions escalate - POLITICO

France plays bad cop as transatlantic trade tensions escalate – POLITICO

Press play to listen to this article PARIS – US President Joe Biden must be careful; France is resuming its traditional role as Europe’s troublemaker on the transatlantic trade front. It had seemed the bad blood between Brussels and Washington was easing under Biden’s watch. Facing a common enemy in China, the EU and the …

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