home.social

#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. Senators Josh Hawley and Richard Blumenthal introduced legislation that would allow social media companies to be sued for spreading harmful content created with artificial intelligence. Section 230 of the Communications Decency Act protects internet companies from liability for content posted on their platforms, maybe with an AI carve-out in the future. Bipartisan support for the proposal suggests a potential breakthrough after several years of stalled U.S. legislative efforts.

    #AI #Section230 #SocialMedia #Legislation #HarmfulMaterial #ArtificialIntelligence #Deepfake #Liability #InternetCompanies #Bipartisan #JoshHawley #RichardBlumenthal #TechSector #Reform #Accountability #Algorithms #ContentDistribution #CommunicationsDecencyAct #Publisher #Speaker

    reuters.com/technology/biparti

  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. #INTEGRITY CAN'T BE SACRIFICED FOR MATERIAL PURSUIT
    "Why was punishment admin'ed in 1 case but not e other? Does tis suggest #doublestandard btw corp leaders & employees, or #techsector & rest of biz world? Claim'g a Cambridge PhD wasn’t 1st time Lee lied. 2001 he was fired by Elipva for fabricat'g prestigious awards & fellowships in his CV .. By not hold'g Lee resp for his long-stand'g #deception there is a risk of normalis'g #dishonesty at highest levels of #leadership"
    channelnewsasia.com/commentary

  19. @danjac
    The #TechSector is still growing rapidly, and #WebDevelopment is no exception.

    "Overall employment of web developers and digital designers is projected to grow 23 percent from 2021 to 2031, much faster than the average for all occupations."
    Source: bls.gov/ooh/computer-and-infor

    I used to work at #JPMorganChase, until I woke up one morning and realized that I had come to a crossroads: I could either keep working there and putting money in the pockets of evil billionaires, or I could be a good person and find somewhere else to work. It took me a while to get out and find a new employer, but that was one of the best decisions I've ever made.

    It all comes down to #CoreValues. If your current employer's policies are at odds with your core values, you should find a new employer. You might not find one right away, but the sooner you start searching and applying, the sooner you'll find an employer whose values align with your own, and the sooner you can quit working for #TheBadGuys.

  20. My employer has been enjoying record profitability and has been thanking me and my colleagues for our contributions! Of course, we are encouraged to make a big deal about what a Great Place to Work we are.

    The profits come from "increasing" salaries to less than they were 2 years ago, in real terms.

    #TechSector employers can get away with this due to a disastrously low level of unionisation. For profitable companies, matching #inflation should be the pay adjustment baseline.

    #WorkersRights

  21. I’ve run into a few people who are salaried (not contracted) by more than one employer — taking advantage during the pandemic of remote work. One person boasted of 3 full time positions (the bosses were unaware of the other employers). So he’s pulling 3 good paychecks. Clever, but how ethical? Even if a genius at time management, these are jobs that others might need. Maybe a good reason to get people back on site? #Ethics #RemoteWork #Employment #TechSector

  22. #BCgovernment extended #InteractiveDigitalMedia #TaxCredit for another 5 years to lower #employment costs for #TechCompanies .
    This tax credit is a #refundable tax credit equal to 17.5 percent of eligible 'salary & #wages in #BritishColumbia. This year’s extension, which is part of #BCBudget2023 will allow the program to operate until 2028 to continue #LoweringCosts for talent as the #TechSector conducts more #layoffs
    betakit.com/bc-government-exte

    #BCbusiness #BCeconomy #BCtech #TechIndustry #BCpoli

  23. "The California Department of Financial Protection and Innovation (DFPI) announced today that it has taken possession of Silicon Valley Bank, citing inadequate liquidity and insolvency.

    "Silicon Valley Bank is a state-chartered commercial bank based in Santa Clara and is a member of the Federal Reserve System, with total assets of approximately $209 billion and total deposits of approximately $175.4 billion"
    dfpi.ca.gov/2023/03/10/califor
    --
    #SVB #California #bank #finance #TechSector #inflation

  24. The tech sector experienced uncertainty and instability towards the end of 2022, resulting in mass layoffs at many of the world's biggest tech companies. Additionally, organizations planned to increase cybersecurity spending in 2023 due to the high global concern over cyberattacks. csoonline.com/article/3687668/ #TechSector #Layoffs #CyberSecurity