@h3 only tech is fu---d. You were warned by the WEF 3 yrs ago.
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@fp Don't forget Amazon, Qualcomm, American Express, eBay, Meta, Intuit, UPS, Netflix, Nike... the list goes on and on. It is not just high tech either. Cut your expenses and save, save, save... The economy is probably really going to tank starting next week with the midterm elections. The markets have been way over bought for years and the days of reckoning are upon us. Grab your profits if you haven't already done so and sit back and watch. Wait until the 2028 elections approach that will be a real show. You cancel you streaming and TV subscriptions. This will be much more entertaining to watch and it will be for free!
Its true. 20-25% - HPE. Oracle. Intel. Cisco.
OP, MSFT offered a buyout package to 60K. I would expect that if they don't reach whatever target they set for the buyouts they will have layoffs. They are still having some small impacts like I think around 250 people did get laid off this week in the xbox group.
Source?
First the merger with AMD has to be completed then the layoffs will happen