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US Tech Industry
The ability of H-1B holders' spouses to also get jobs in the US has been a major attraction for highly skilled foreign workers, the tech companies have argued
As Wall Street giants move to end the spiralling banking crisis in the US, First Citizens BancShares Inc is reportedly considering making an offer to acquire the collapsed Silicon Valley Bank
Silicon Valley Bank's collapse rattled the technology industry that had been the bank's backbone, leaving shell-shocked entrepreneurs thankful for the government reprieve that saved their money while they mourned the loss of a place that served as a chummy club of innovation. They were the gold standard, it almost seemed weird if you were in tech and didn't have a Silicon Valley Bank account, said Stefan Kalb, CEO of Seattle startup Shelf Engine, during a Monday interview as he started the process of transferring millions of dollars to other banks. The Biden administration's move guaranteeing all Silicon Valley Bank's deposits above the insured limit of $250,000 per account resulted in a palpable sigh of relief in Israel, where its booming tech sector is connected with an umbilical cord to Silicon Valley, said Jon Medved, founder of the Israeli venture capital crowdfunding platform OurCrowd. But the gratitude for the deposit guarantees that will allow thousands of tech startups to .
Conceived over a poker game between two of its founders nearly 40 years ago, the firm grew into the single most critical financial institution for the nascent tech scene
Silicon Valley Bank, once a darling of the California financial system, fell swiftly on Friday, a day after investors and depositors tried to make $42 billion in withdrawals
Revenue from Americas was 47.9 per cent in fiscal 2021-22, as compared to 47.5 per cent in fiscal 2021
As every Big Tech company has announced job cuts running into thousands, Apple is yet to do so and may not plan to terminate employees as it never hired at the pace at which other tech giants did
The tech layoffs this year have exceeded the job cuts the sector faced globally during the financial crisis of 2008-2009 triggered by the Lehman Brothers' collapse
This development comes close on the heels of Meta laying off 11,000 employees worldwide, or about 13 per cent of its workforce, as it battles faltering revenue and broader tech industry woes
The companies billed the moves as a way to make their stocks more accessible for retail investors and that has been achieved
It is the highest monthly total since December 2020 when tech companies cut as many as 5,253 jobs
In this podcast, we discussed why there is a semiconductor shortage and what are its impact
Vigna's appointment shows Ferrari's development strategy remains firmly anchored in making cutting-edge, high-end cars in an electric future
The Indian tech industry makes significant contributions to the US economy and workforce
Facebook Inc could be forced to sell its prized assets WhatsApp and Instagram. Listen to the podcast to know more
The US government and 48 states have filed lawsuits against Facebook, accusing it of anti-competitive conduct by abusing its market power to create a monopoly and crushing smaller competitors
FireEye, one of the largest cybersecurity firms in the US, said it was hacked, likely by a government, and that an arsenal of hacking tools used to test the defenses of its clients had been stolen
The Democratic-controlled House has approved a wide-ranging defence policy bill, even as Trump renewed his threat to veto the bill unless lawmakers clamp down on social media companies
The impacts of these efforts by the technology firms have been muted, in part due to the prevalence of social bots that spread low-credibility information virally across these platforms.
The impacts of these efforts by the technology firms have been muted, in part due to the prevalence of social bots that spread low-credibility information virally across these platforms.