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

GM profit shrinks after US$1.1 billion tariff hit
World

GM profit shrinks after US$1.1 billion tariff hit

Automaker warns tariff impact will be greater next quarter; stock price tumbles.

Universal Music Group files for public offering
Technology

Universal Music Group files for public offering

The music conglomerate filed a confidential registration statement with the SEC.

Big Tech ‘acquihiring’ is an ugly but useful trend
Technology Opinion

Big Tech ‘acquihiring’ is an ugly but useful trend

Sometimes actions lead to unintended consequences.

Bloomberg 19 Jul 2025
US inflation picks up to 2.7%
World

US inflation picks up to 2.7%

Economists are split on how much tariffs will affect prices in the coming months.