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Tech Sector Layoffs Keep Mounting As Cuts in Other Sectors Fall

Tech sector job cuts and layoff announcements continue to mount in the US, even as overall private-sector layoff plans recede. Bloomberg’s Julia Fanzeres discusses what is driving the move in tech and how that’s translating to the wider economy. She joins Caroline Hyde on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on…

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Tech sector job cuts and layoff announcements continue to mount in the US, even as overall private-sector layoff plans recede. Bloomberg’s Julia Fanzeres discusses what is driving the move in tech and how that’s translating to the wider economy. She joins Caroline Hyde on “Bloomberg Tech.”
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3 Comments

3 Comments

  1. @vrclckd-zz3pv

    May 7, 2026 at 2:51 pm

    They’re going to regret this in the long term. Amazon had to hire back a bunch of engineers because the Indian vibe coders they used to replace them weren’t able to handle Sev 2 incidents in a timely manner.

    • @kumaryashasvi5391

      May 7, 2026 at 3:52 pm

      Amazon doesn’t hire vibe coders from India; they have coding tests and interviews. Besides, the tech industry is laying off people in every country.

    • @vrclckd-zz3pv

      May 7, 2026 at 4:11 pm

      ​@kumaryashasvi5391 yes they do. I worked there until I was laid off in January. On the day that we left they added 19 people from Hyderabad to our slack channel.

      I found out from one of our partners that they were heavily using Kiro to do everything and system upstime fell off a cliff.

      Now my skip manager is reaching out to everyone who he let go trying to get them to return.

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Bloomberg Technology

Arm Warns of Phone Market Weakness | Bloomberg Tech 5/7/2026

Bloomberg’s Caroline Hyde speaks with Arm CEO Rene Haas about sluggishness in the smartphone industry and growing demand from AI data centers. Plus, Anthropic signs an agreement with Elon Musk’s SpaceX to access computing resources from its competitor. And, the CEO of HawkEye 360 discusses the satellite surveillance firm’s IPO, which raised $416 million. ——–…

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Bloomberg’s Caroline Hyde speaks with Arm CEO Rene Haas about sluggishness in the smartphone industry and growing demand from AI data centers. Plus, Anthropic signs an agreement with Elon Musk’s SpaceX to access computing resources from its competitor. And, the CEO of HawkEye 360 discusses the satellite surveillance firm’s IPO, which raised $416 million.
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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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Bloomberg Technology

HawkEye 360 Goes Public In Latest Sign of IPO Demand

Hawkeye 360, a provider of satellite-based signals intelligence for US government agencies, raised $416 million in its US market debut. It’s the latest sign that the IPO market is picking up steam. HawkEye 360 CEO John Serafini speaks with Caroline Hyde on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:  …

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Hawkeye 360, a provider of satellite-based signals intelligence for US government agencies, raised $416 million in its US market debut. It’s the latest sign that the IPO market is picking up steam. HawkEye 360 CEO John Serafini speaks with Caroline Hyde on “Bloomberg Tech.”
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Bloomberg Technology

Arm CEO Sees AI Demand While Smartphone Business Slumps

Rene Haas, chief executive officer of Arm Holdings Plc, says demand for AI-related products is buoying the company amid a slowdown in its smartphone business. He speaks with Caroline Hyde on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde…

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Rene Haas, chief executive officer of Arm Holdings Plc, says demand for AI-related products is buoying the company amid a slowdown in its smartphone business. He speaks with Caroline Hyde on “Bloomberg Tech.”
——–
Like this video? Subscribe to Bloomberg Technology on YouTube:

 
Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:

 
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