Technology Today News Technology Companies Are Cutting Jobs And Wall Street Likes It
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Losses for Big Tech pull Wall Street lower
Stocks fell on Wall Street, pulled down by losses in the same big tech companies that have been the main drivers of the market's rally so far this year. Read More
Wall Street loses ground under the weight of falling technology stocks
Wall Street is losing ground as influential technology stocks fall and once again steer the broader market. The S&P 500 fell 0.7% Thursday. Read More
Tech and media layoffs in October 2025: Rivian, Meta, Paycom, NBC News, and more cut jobs this fall
Workforce downsizing is a growing trend in the U.S. and Europe amid economic uncertainty, with some companies also citing the rise of AI. Electric-truck maker Rivian is laying off another 600 people, ... Read More
Wall Street ends lower on tech valuations, economic jitters
U.S. stocks closed in negative territory on Thursday, with a resumption of Tuesday's tech selloff as investors contended with mounting economic uncertainty and stretched valuations. Read More
AI Companies Are Burning Billions, Tech Workers Are Getting Wrecked —And Wall Street Doesn't Care
The U.S. tech labor market has been trending downward for some time now. After a hiring spree post-pandemic, 2022 and 2023 saw cutbacks across major firms—and even as tech stocks rebounded on AI ... Read More
Wall Street ticks to more records, led by technology stocks
This is read by an automated voice. Please report any issues or inconsistencies here. Stocks edged up to more records on Thursday as technology stocks kept rising and as Wall Street kept ignoring the ... Read More
Meta Cuts 600 Jobs in AI Division
Meta Platforms META0.03%increase; green up pointing triangle is cutting about 600 jobs in its AI division, according to an internal memo that was viewed by The Wall Street Journal and a person ... Read More
Wall Street ticks to more records, led by technology stocks
NEW YORK (AP) — U.S. stocks edged up to more records on Thursday as technology stocks kept rising and as Wall Street kept ignoring the shutdown of the U.S. government. The S&P 500 added 0.1% to its ... Read More
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