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Layoffs Will Be “Shocking” For Technology Sector

Activant Capital Founder and Partner Steve Sarracino joins Emily Chang to talk about the rout in tech stocks. He says millions of tech workers could be laid off within the next couple of years.

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Activant Capital Founder and Partner Steve Sarracino joins Emily Chang to talk about the rout in tech stocks. He says millions of tech workers could be laid off within the next couple of years.

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4 Comments

4 Comments

  1. Charles Brightman

    May 11, 2022 at 11:09 pm

    Lessons learned: US FED:
    The US Fed has a goal, I repeat ‘goal’, of 2% annual inflation. And this is on top of all the 2%’s that came before it, which turns out to be an exponential amount of inflation over time.

    Most people do not have wages and benefits that keep up with the true cost of inflation, which causes many social and economic problems in this nation and in this world. Zero income is sill zero income and zero pay raises are still zero pay raises. This is also a NATIONAL SECURITY item as many nations in the world stop utilizing America’s currency as a reserve currency due to in part America’s currency being weaker in this world. America has less influence in this world, which allows other nations in this world to take the lead.

    Higher inflation:
    * Obviously higher prices.
    * Also at times lower quantity.
    * Also at times lower quality.
    (And if not lower quantity and/or lower quality, then that much more higher prices).

    Many rich people and large corporations have taken America’s wealth and hid it in out of country bank accounts and/or invested that wealth in other nations for various reasons. This has the net effect of basically stealing America’s wealth from America.

    Now also, rich people and certain businesses operate on huge debt, and even the US Government operates on huge debt. These entities love higher inflation because it helps to wipe out their debt, as they pay back their debt with currency that is worth less (worthless). Additionally, things like saving’s account’s get next to nothing for ‘normal’ people trying to save money for future expenses. Those that are operating on debt get rewarded and those trying to be more financially responsible are getting punished.

    America’s currency system is broken and needs to be fixed.

    In part, a law needs to be passed that the US Fed has to have a ‘goal’ of 0% (zero percent) inflation. Sure, this is going to piss off those who game the financial system, but it would help with curing some of societies’ issues as well as strengthening US currency thereby strengthening America’s position in this world as more nations would want to utilize the US Dollar as a reserve currency. Inflation is still going to occur due to various reasons, but we don’t have to automatically have a goal of increasing inflation.

    And for any entity that thinks economic inflation is a ‘good’ thing, then you must also be okay with many of life’s social and economic issues as well as a nation becoming weaker in this world as it’s currency eventually loses value in this world.

    • Charles Brightman

      May 12, 2022 at 1:26 am

      @Gold Tau The US Dollar that become more ‘worth less’ by the day. (Due to economic inflation).

  2. Maya Maya

    May 11, 2022 at 11:20 pm

    Felicidades, es un buen ejemplo. 4 sentadillas son unos CUMPUSSYY.Uno muchas y un buen ejercicio. Se deja ver que hay muy buenos resultados ???????? Saludos desde la Cd.. de world ???????????? los mortalesx abian apreciado tan hermosa mujer.k

  3. Googlebanmetoomuch 2

    May 11, 2022 at 11:55 pm

    America in decline

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Bloomberg Technology

Hugging Face Pushes Deeper Into Robotics With MicroDuck

Hugging Face unveiled MicroDuck, the company’s new open-source robot that can walk, talk, and roller-skate. Hugging Face co-founder and Chief Science Officer Thomas Wolf discusses surging demand for robotics and open-source AI, and says the company is currently selling roughly one MicroDuck every four seconds. He also declined to comment on reports that Nvidia is…

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Hugging Face unveiled MicroDuck, the company’s new open-source robot that can walk, talk, and roller-skate. Hugging Face co-founder and Chief Science Officer Thomas Wolf discusses surging demand for robotics and open-source AI, and says the company is currently selling roughly one MicroDuck every four seconds. He also declined to comment on reports that Nvidia is nearing a roughly $13 billion deal to acquire the AI startup, while saying Hugging Face regularly receives acquisition and investment interest. He joins Ed Ludlow on “Bloomberg Tech.”
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Meta Settlement a ‘Pittance,’ Law Professor Says

Meta’s settlement is a “pittance” relative to the company’s profits, according to University of Virginia Law Professor Danielle Citron. She argues the bigger question is whether new protections for teenage Facebook and Instagram users will actually work, questioning a framework that relies heavily on parents to enforce limits and warning that teenagers may find ways…

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Meta’s settlement is a “pittance” relative to the company’s profits, according to University of Virginia Law Professor Danielle Citron. She argues the bigger question is whether new protections for teenage Facebook and Instagram users will actually work, questioning a framework that relies heavily on parents to enforce limits and warning that teenagers may find ways around the restrictions. She joins Ed Ludlow on “Bloomberg Tech.”
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Nvidia’s AI Boom, Salesforce’s Anthropic Bet | Bloomberg Tech 8/27/2026

Bloomberg’s Ed Ludlow breaks down Nvidia’s prediction of a 70% revenue growth next fiscal year, far exceeding analyst estimates. Plus, Salesforce shares jump after giving an outlook for strong revenue expansion, and deepening its ties with Anthropic. And Hugging Face comes out with its newest robot: a duck that can walk, talk and roller-skate. 00:00:00…

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Bloomberg’s Ed Ludlow breaks down Nvidia’s prediction of a 70% revenue growth next fiscal year, far exceeding analyst estimates. Plus, Salesforce shares jump after giving an outlook for strong revenue expansion, and deepening its ties with Anthropic. And Hugging Face comes out with its newest robot: a duck that can walk, talk and roller-skate.

00:00:00 – Bloomberg Tech Begins
00:01:09 – Ian King, Bloomberg News
00:03:08 – Doug Huber, Wealth Enhancement
00:09:45 – Brody Ford, Bloomberg News
00:11:55 – Mike Shepard, Bloomberg News
00:15:48 – Alexandra Levine, Bloomberg News
00:17:58 – Danielle Citron, University of Virginia Law Professor
00:25:00 – Cody Acree, Benchmark
00:29:52 – Thomas Wolf, Hugging Face
00:38:01 – Rachel Metz, Bloomberg News
00:41:49 – Robert Schiffman, Bloomberg Intelligence
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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