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#techsector — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #techsector, aggregated by home.social.

  1. qwant news | Mark Zuckerberg's Meta kicks off major bloodbath with 8,000 layoffs as AI roils tech giant

    AI generated summary, Read the full article for complete information.

    Mark Zuckerberg’s Meta announced on May 20, 2026 that it will cut 8,000 jobs – one of the largest layoffs in the company’s history – as it accelerates a shift toward artificial‑intelligence‑driven operations. Employees had been warned in April of a 10 % workforce reduction and, earlier in the week, that an additional 7,000 staff would be moved into AI‑focused roles. The purge is being rolled out in three global waves, beginning with Singapore, and North‑American workers were told to work from home, leaving offices largely empty. Affected staff will receive severance of at least 16 weeks’ base pay plus two weeks for each year of service, along with health‑care and career‑support benefits. The cuts are part of a broader effort to run the company more efficiently amid soaring AI spending—Meta has earmarked up to $145 billion in capital expenditures this year—and follow a pattern of AI‑related layoffs across the tech sector, which has seen more than 52,000 job cuts in the first three months of 2026, a 40 % increase from the previous year.

    Read more: nypost.com/2026/05/20/business

    #MarkZuckerberg #Meta #AI #Techsector #Investors #JanelleGale

  2. National divide closing, socioeconomic one widening in Tallinn | News

    Immigrants live all over the world, especially in large cities, and they often cluster in cheaper neighborhoods and…
    #Estonia #EE #Europe #Europa #EU #Eesti #estonia #estonianresearch #immigrants #techsector #tiittammaru #urbandevelopment #urbanenvironment #Uudised
    europesays.com/2972954/

  3. @rootwyrm @nixCraft @reddy_1975 @kevinrenskers

    Does anyone think that somehow, someway, that magically the #TechSector and #OpenSource would be spared of this #fascist horseshit?

    It's one more teeny hook to latch onto and break wide open. They _want_ stupid subservience, and they see the ripeness and naivete in this community and will rape and pillage to their hearts content if they aren't stopped at the onset. They vehemently #hate intelligence and will burn this village down.

  4. Elon Musk’s X Money Beta Starts Buzz On Metal Debit Card, Meanwhile Dogecoin Spikes And Asks Who Pays A 2-3% Fee When You Can Just Accept DOGE

    Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Dogecoin’s…
    #UnitedStates #US #USA #artificialintelligencetechnology #creditcard #doge #Dogecoin #ElonMusk #MotleyFool #Musk #posterchild #techsector #transactionfee #transactionfees #WilliamShatner
    europesays.com/2828851/

  5. Many outside India’s IT sector believe it’s facing a moment of reckoning. But Indian IT czars insist all is well and that the sector will adapt to AI. But the bigger question is what is at stake for India either way. Today's HT Number Theory looked deeper into what the numbers show.

    Read on HT app: hindustantimes.com/editors-pic

    #India #IT #ITSector #Tech #MastIndia #AI #GenAI #Outsourcing #BPO #TechSector #TCS #Infosys #DataViz #Economy

  6. Wall Street analysts argue that concerns over AI's impact on the tech sector are exaggerated, highlighting potential benefits for cybersecurity and business innovation, with recent stock declines seen as buying opportunities.
    #YonhapInfomax #ArtificialIntelligence #TechSector #Cybersecurity #CrowdStrike #PaloAltoNetworks #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
    en.infomaxai.com/news/articleV

  7. Lees tip -> Dreigt een gevaarlijke A.I.-bubbel zoals in 1999? | Onderzoeksartikel over de mogelijk opgeblazen AI-markt, de rol van Nvidia in circulaire financiering en welke sectoren en banen wereldwijd gevaar lopen bij een knallende bubbel. | #AIbubbel #beurscrash #dotcombubbel #financiëlerisico’s #kunstmatigeintelligentie #Nvidia #techsector #vendorfinancing #werkloosheid |

    hbpmedia.nl/gevaar-ai-bubbel/

  8. #ArtificialIntelligence bubble just released gas$$$$$... as #WallStreet tech #stocks suffer worst week since April amidst $800 Billion AI sell-off today of many #TechSector darlings... #Nvidia alone lost approximately $530 billion in market value this week. Peter Thiel's SpyI firm #Palantir was amongst the biggest losers... joined by drops at #AMD, #Oracle, #Meta , #Broadcom, #Microsoft and many more all shedding sizable percentages of #MarketValuation in a recessionary #Bear sighting

    theetfbully.com/2025/11/ai-sto

  9. Curious if Europe really needs a Silicon Valley to thrive? Paul Krugman challenges the notion that Europe’s economic woes stem solely from tech lag behind the U.S. and China. He reveals tech gains stay highly regional, even within America, questioning if benefits truly diffuse widely. His insights unravel myths about tech’s role in growth and urges caution on overconfidence. Dive deeper for nuanced views on tech, growth, and global gaps: paulkrugman.substack.com/p/tec #PaulKrugman #Europe #technology #SiliconValley #economicgrowth #productivity #techsector #globalcompetitiveness

  10. Could a U.S. visa fee push tech workers to Canada? Here’s what you need to know

    OTTAWA — Prime Minister Mark Carney says he sees an opening for Canada to attract global tech talent…
    #NewsBeep #News #Canada #Americantech #BenjaminBergen #CA #DonaldTrump #foreignworkers #MarkCarney #StatisticsCanada #techsector
    newsbeep.com/ca/189262/

  11. The old SF tech scene is dead. What it’s morphing into is sinister.

    Column: San Francisco’s absurd, redundant startups are a relic of the past.

    Source: The old SF tech scene is dead. What it’s morphing into is sinister.

  12. The old SF tech scene is dead. What it’s morphing into is sinister.

    Column: San Francisco’s absurd, redundant startups are a relic of the past.

    Source: The old SF tech scene is dead. What it’s morphing into is sinister.

  13. The old SF tech scene is dead. What it’s morphing into is sinister.

    Column: San Francisco’s absurd, redundant startups are a relic of the past.

    Source: The old SF tech scene is dead. What it’s morphing into is sinister.

  14. The old SF tech scene is dead. What it’s morphing into is sinister.

    Column: San Francisco’s absurd, redundant startups are a relic of the past.

    Source: The old SF tech scene is dead. What it’s morphing into is sinister.

  15. The old SF tech scene is dead. What it’s morphing into is sinister.

    Column: San Francisco’s absurd, redundant startups are a relic of the past.

    Source: The old SF tech scene is dead. What it’s morphing into is sinister.

  16. #AsianStocks dropped as tech sector losses deepened post Tesla & Alphabet earnings. China’s #CSI300 -0.8%, #SSEC -0.6% on weak data. Broad markets mixed: #ASX200, #TOPIX, #Nifty50 futures all fell slightly. #AsianMarkets #TechSector #ChinaEconomy

  17. I have this wild idea that simply defining #techJobs by their #responsibilities instead of their #techskills could ease many ailments of the #techsector :

    - #imposterSyndrome
    - #techExcptionalism
    - failure to hire & promote #women and #minotities
    - chronic under-appreciation of #softSkills
    - #engineer tunnel vision
    - over-focus on a specific #Technology
    - lack of definition around senior roles
    - #manager Vs IC tension
    - EMs doing #coding rather than #management
    - The #10x / #rockstar #Dev myth

  18. I have this wild idea that simply defining #techJobs by their #responsibilities instead of their #techskills could ease many ailments of the #techsector :

    - #imposterSyndrome
    - #techExcptionalism
    - failure to hire & promote #women and #minotities
    - chronic under-appreciation of #softSkills
    - #engineer tunnel vision
    - over-focus on a specific #Technology
    - lack of definition around senior roles
    - #manager Vs IC tension
    - EMs doing #coding rather than #management
    - The #10x / #rockstar #Dev myth