Where have all the sacked tech workers gone?

Where have all the sacked tech workers gone?
Many fired workers have been snapped up by industries that previously struggled to compete with the tech sector for talent. (Image: Depositphotos)
The Economist
To understand the shift in tone that has taken place in Silicon Valley in recent months, look no further than Mark Zuckerberg’s declaration in February that 2023 would be the “year of efficiency”. It is hardly the kind of language to set the pulse racing – unless you are an employee on the receiving end of it.On March 14, Meta, the tech giant Zuckerberg runs, announced it would fire 10,000 staff – on top of the 11,000 it laid off last November.Meta is not alone. On March 20, Amazon, another tech behemoth, said...

More World

Donald Trump's economic policy contradictions
World

Donald Trump's economic policy contradictions

The president-elect says he’ll lower prices, but his other promises would raise them.

Judge rejects Musk’s multibillion-dollar pay package again
Markets

Judge rejects Musk’s multibillion-dollar pay package again

Tesla’s board argued a shareholder vote addressed the court’s previous criticisms.

US port wants bigger payday from surging ocean trade
Transport

US port wants bigger payday from surging ocean trade

Port of New York and Jersey seeks greater share of profits.