US tech sector sees highest job cuts in May since Dec. 2020 - report

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

U.S. employers in the technology sector cut nearly nine times more jobs in May than in the first four months of the year as rising inflation and slowing demand force companies to cut corners.Though overall layoffs in the country reported by global outplacement firm Challenger, Gray & Christmas on Thursday

U.S. employers in the technology sector cut nearly nine times more jobs in May than in the first four months of the year as rising inflation and slowing demand force companies to cut corners.

U.S. tech layoffs and sector performance https://fingfx.thomsonreuters.com/gfx/mkt/gdpzyeeebvw/Pastedper cent20imageper cent201654184823489.png

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US consumer confidence deteriorated in May: SurveyWASHINGTON: Americans\u0027 feelings about the economy deteriorated in May amid concerns about job prospects, but remained relatively strong even as high inflation bites, according to a survey released on Tuesday (May 31). Amid the fastest increase in US consumer prices in more than four decades, made wors
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

May 2022 HDB BTO stack analysis: Bukit Merah, Queenstown, Toa Payoh, Yishun and Jurong WestThe thing about going for a BTO flat is that since the flats aren't built yet, you won't be able to see the exact locations of the flats. (This is unlike opting for a resale flat, whereby you get to see its location and where it's facing.) Besides visiting the actual BTO site, one way to figure out which unit...
Source: asiaonecom - 🏆 10. / 59 Read more »

In an ancient shark showdown, 'Jaws' may have doomed 'The Meg'WASHINGTON : An examination of the zinc content of teeth from sharks both living and extinct is providing clues about the demise of the largest-known shark, indicating the mighty megalodon may have been out-competed by the great white shark in ancient seas.Researchers assessed the ratio of two forms of th
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asia's factory activity slows in May as China COVID curbs weighTOKYO : Asia's factory activity slowed in May as China's heavy-handed coronavirus curbs continued to disrupt supply chains and dampen demand, adding to woes for some of the region's economies that are already under strain from surging raw material costs.Manufacturers slowed activity last month in countrie
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »