Jobs

What The Heck Is Wrong with Big Tech?

by Wolf Richter •  • 10 Comments

Tech companies are on a white-hot acquisition binge, swallowing anything that isn’t nailed down. But layoffs have started soaring. And it’s getting worse.

Microsoft Layoffs: Insane M&A Frenzy Leads To Next Jobs Crisis

by Wolf Richter •  • 3 Comments

35,000 M&A deals will likely be made this year, promising “efficiencies” and “synergies,” hence job cuts. So Microsoft, which bought Nokia’s handset unit, is planning the largest in its history…. The M&A frenzy of 2007/8 was followed by the Great Jobs Crisis!

Economic Growth in America’s “Two-Tiered Society”

by Wolf Richter •  • Comments Off on Economic Growth in America’s “Two-Tiered Society”

It’s been glorious: global M&A in Q2 soared 47% to $1 trillion, highest since 2007, just before the financial crisis. But in California, 30% of the people making less than $40k were in worse financial shape than last year, despite all the bubbles around them.