Wedbush Securities managing director Dan Ives predicts more layoffs in the Big Tech sector as the U.S. macroeconomic environment prepares for a 'Category 5 storm.'
Investors and companies alike are preparing for a macroeconomic"Category 5 storm," Wedbush Securities managing director Dan Ives said on"Mornings with Maria" Tuesday, January 3, 2023.Look, a lot of Big Tech, they were spending money like 1980s rockstars. And I think that really shows. Sometimes they were increasing 15, 20% per year.
I still think it's a 'rip the Band-Aid off,' still some more headcount cuts. We think potentially another 8 to 10% headcount. You look at what happened with Meta, and that's a good example. Once Zuckerberg finally read the room, cut in terms of what he needed to, stock ultimately lifted.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Economic uncertainty, food insecurity follows Northeast Ohioans into 20232022’s financial concerns are following many Northeast Ohioans into 2023. Economic indicators show record inflation is cooling, but the price of everyday purchases remains high.
Leer más »
All the 2023 Prom Trends That'll Take the Dance Floor by StormWe tapped the experts so you can be a trendsetter. 💁♀️
Leer más »
Celebrities Who Are Going To Give Birth In 2023 (So Far)The Stork is going to have plenty of stops in Hollywood.
Leer más »
2023 Mummers Day Parade road closuresThe City of Philadelphia announces road closures in effect for the 2023 Mummers Day Parade.
Leer más »
On International Space Station, astronauts ring in New Year 2023 ahead of 2nd ChristmasSanta hats and holiday cheer were present on both sides of the International Space Station.
Leer más »
Family from Brooklyn welcomes 1st baby born in New York City in 2023Kingsley Mei was born at the stroke of midnight weighing 6 pounds, 7.6 ounces and measuring 19 inches.
Leer más »