Technology Industry News
A collection of Technology latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Opinion | What the mass tech layoffs mean for the U.S. economy
Hardly a day goes by that there aren't announcements of mass layoffs at marquee tech firms: 8,000 at Salesforce, 10,000 at Microsoft, 12,000 at Google, the largest in company history, and 18,000 at Amazon. IBM and music streaming service Spotify…
Big Tech Is Really Bad at Firing People
For one Google worker it was when the light on the card reader outside their New York office flashed red, rather than green. For a staffer at Twitter, it was when their password was changed remotely, and an unusual gray screen showed their company…
Tech Solutions Can Help Employees Struggling With Caregiving Burdens
C200 member Joanna Drake co-founded Magnify Ventures to partner with entrepreneurs who are boldly transforming how modern families and communities live, work and care for one another. She has advised and invested in other founders solving important…
A Union Square Advisors Banker Previews Tech M&A Trends to Watch
Hi, it's Xinyi Luo in New York, recapping my recent talk with a partner at Union Square Advisors on its 2023 tech M&A market outlook. Elsewhere, Salesforce appoints new directors, which don't include most of the activists circling plus there's a…
Fifth Wall, focused on real estate tech and managing $3.2B, looks to eat up even more of its market
Brendan Wallace's ambition is beginning to seem almost limitless. The venture firm that Wallace and cofounder Brad Greiwe launched less than seven years ago already has $3.2 billion in assets under management. But that firm, Fifth Wall, which…
Big Tech got the pandemic wrong but one company emerged on top
Apple is the only one of the bunch to avoid mass job cuts so far We'll send you a myFT Daily Digest email rounding up the latest Big tech news every morning. The advent of human-sounding robots really exposes robot-sounding humans. No machine could…
Europe Needs a Climate Tech Plan to Compete With the US, an Early Tesla Investor Says
Like many clean tech investors, Ion Yadigaroglu is incredibly pleased with the US climate bill passed last year. He's also convinced that Europe, unless it marshals a similar response, is doomed. Yadigaroglu, a partner and co-founder at Capricorn…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/VRRIFII6MBIVZBFMJYGFI3GKEA.jpg)
Israeli justice reforms spark tech investor flight fears
Israeli government plans judicial system overhaul Proposals sparked protests in Tel Aviv, other cities Some in Israel's high-tech sector express concerns PM Nethanyahu says IP rights, investments safe JERUSALEM, Jan 27 (Reuters) - Barak Eilam, a…
Tech's Money Woes: Beginning of the End for Web2?
After two decades of dominating and reshaping our lives, “Big Tech” is finally looking weakened. According to Crunchbase, more than 46,000 staffers at U.S.-based tech companies lost their jobs in the first three weeks of 2023 alone…
Modi Is Muzzling Big Tech
This week, India made global headlines by banning a BBC documentary on its prime minister, Narendra Modi, which focused on his role in religious riots in the state of Gujarat in 2002 when he was the state's chief minister. The broadcast ban…
UK Sees No Need For Subsidies in US, EU Green Technology Battle
The UK sees no need for immediate subsidies to counter US and EU proposals to boost green industries, two cabinet ministers said. President Joe Biden's administration has assured Britain it will “take the rough edges off” its $369…
The Tech Landscape Has Changed and It's Time Tech Leadership Change With It.
What started with euphoria over high valuations and seemingly endless growth expectations ended with market-cap compaction and layoffs as a new reality sank in for the tech sector last year. Thanks to inflation and rising interest rates, the…
A legal victory over Google could yet dent Big Tech's armour
The US trustbusters and politicians only have themselves to blame for such a belated swing at a changing industry It is easy to view the US government's latest legal challenge to the power of Big Tech as a case of too little, too late. Years of…
The Tech Friend: undefined
I was at home on a recent lazy Sunday when panic set in. Someone was trying to use my credit card details to place a $1,300 order from Apple's website. It was flagged as potential fraud, my credit card company texted me right away, and the…
Turning Around Tech Layoffs: Opportunities for Public Service
In 2022, the technology industry laid off over 150,000 employees. Thus far in 2023, an additional almost 70,000 employees across 210 tech companies have lost their jobs. As the private sector tech industry undergoes a major transition, government…
Receive a Daily briefing on Technology Industry News
Get Started