Tag: recession

Here you will find all the articles with the tag: recession.

‘9 in 10 developers are concerned about budget and staff cuts’

‘9 in 10 developers are concerned about budget and staff cuts’

Researchers from Appian suggest that nine in ten UK and EU developers are concerned about budget and staff cuts. The growth of the IT market is on the decline. Most feel the impact, from the boardroom to the office floor. Appian surveyed 1,500 developers and software engineers for a study on th... Read more

date11 days ago
Chipmaker GlobalFoundries warns employees of layoffs

Chipmaker GlobalFoundries warns employees of layoffs

The management of chipmaker GlobalFoundries warned employees of upcoming layoffs. Inflation and energy prices are on the rise. Demand for chips declines as a result. GlobalFoundries is preparing for an uncertain period by cutting staff. The plan was announced in an email to employees on Friday ... Read more

date13 days ago
‘Huawei CEO puts company in survival mode’

‘Huawei CEO puts company in survival mode’

Huawei's CEO reportedly sees tough economic times as a threat to the company. A focus on survival is said to be necessary. Chinese websites Yucai and 163 claim that Huawei CEO Ren Zhengfei warned employees of economic risks in an internal memo. Zhengfei reportedly referred to economic circumsta... Read more

date3 months ago
Microsoft books revenue growth while profits lag behind

Microsoft books revenue growth while profits lag behind

Microsoft's revenue grew by 18 percent in the fiscal year of 2022. Nevertheless, the profit increase of 19 percent pales in comparison to the 38 percent rise between 2020 and 2021. The tech giant recently presented the fourth and final quarterly figures for the fiscal year of 2022. Microsoft bo... Read more

date4 months ago