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Tech Layoffs Surpass 250,000 in 2023

In total, more than 250,000 workers at tech companies of all sizes were let go this year, according to job tracker Layoffs.fyi. Layoffs.fyi creator Roger Lee joins Ed Ludlow and Caroline Hyde for a deep dive on the numbers on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: Watch the latest…

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In total, more than 250,000 workers at tech companies of all sizes were let go this year, according to job tracker Layoffs.fyi. Layoffs.fyi creator Roger Lee joins Ed Ludlow and Caroline Hyde for a deep dive on the numbers on “Bloomberg Technology.”
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2 Comments

2 Comments

  1. @jazilzaim

    December 14, 2023 at 5:37 pm

    One side of this is that the VCs aren’t getting their high IRR either. Much better to shut a business down and return cash to investors rather than keep a business running profitably and sustainably. So this is also another factor of layoffs and companies shutting down. More founders recently are now choosing to bootstrap and avoid VC money which could see a resurgence with some companies becoming more sustainable in the near future.

  2. @BUY.YT.VIEWS.

    December 14, 2023 at 6:01 pm

    when are you gonna post again?

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Nvidia’s Magic Fades | Bloomberg Technology

Bloomberg’s Caroline Hyde discusses the latest sentiment around Nvidia as investors cool on the AI darling despite posting an earnings beat. And, the new Trump administration is said to be mulling a first-ever crypto policy role. Plus, Palo Alto Networks sees easier “fixes” ahead in cybersecurity as the world moves from hardware to software. ——–…

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Bloomberg’s Caroline Hyde discusses the latest sentiment around Nvidia as investors cool on the AI darling despite posting an earnings beat. And, the new Trump administration is said to be mulling a first-ever crypto policy role. Plus, Palo Alto Networks sees easier “fixes” ahead in cybersecurity as the world moves from hardware to software.
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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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Nikesh Arora, CEO of Palo Alto Networks, says M&A could potentially move quicker under the new Trump administration as they take on a more deregulatory tone. He joins Caroline Hyde to discuss on “Bloomberg Technology.”
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JPMorgan Chase Chief Data and Analytics Officer Teresa Heitsenrether talks about how the company is using an artificial intelligence assistant called LLM Suite. She speaks to Bloomberg’s Caroline Hyde at the Evident AI Symposium in New York.
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