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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

Tesla’s Sales Miss, Next Stage of NASA’s Moon Mission | Bloomberg Tech 4/2/2026

Bloomberg’s Tim Stenovec discusses the roller coaster for tech stocks as the market reacts to the ongoing conflict with Iran. Plus, Tesla posts one of its worst sales quarters in years, disappointing Wall Street even as the company tries to convince investors its future is in AI. And, NASA’s Artemis II crew prepares to fire…

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Bloomberg’s Tim Stenovec discusses the roller coaster for tech stocks as the market reacts to the ongoing conflict with Iran. Plus, Tesla posts one of its worst sales quarters in years, disappointing Wall Street even as the company tries to convince investors its future is in AI. And, NASA’s Artemis II crew prepares to fire their engines toward the moon.

Chapters:
00:00:00 – Intro
00:05:30 – Tesla’s EV Sales Miss Expectations Again
00:17:27 – Chime Targets Higher Earners With New Accounts
00:33:57 – Kyndryl Launches Agentic Service Management
——–
“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

AI Needs to Be Controlled Properly: Kyndryl CEO

Kyndryl is launching a new service to help companies manage AI agents and get better returns from their investment on the tech. Kyndryl CEO Martin Schroeter joins Tim Stenovec on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and…

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Kyndryl is launching a new service to help companies manage AI agents and get better returns from their investment on the tech. Kyndryl CEO Martin Schroeter joins Tim Stenovec on “Bloomberg Tech.”
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Tesla Vehicle Sales Miss Expectations Again

Tesla posted one of its worst sales quarters in years, missing Wall Street’s expectations. Bloomberg’s Craig Trudell discusses Tesla’s struggles to turn around its core business. He joins Tim Stenovec 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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Tesla posted one of its worst sales quarters in years, missing Wall Street’s expectations. Bloomberg’s Craig Trudell discusses Tesla’s struggles to turn around its core business. He joins Tim Stenovec on “Bloomberg Tech.”
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