TECHNOLOGY

Can media companies survive a recession? Executives say yes

Delegates wait in line at Cannes Lions International Festival of Creativity, Cannes, France, June 2019 Cannes Lions While media executives are meeting with advertising leaders this week over glasses of rose at the annual Cannes Lions International Festival of Creativity, they can’t help but talk about the disconnect between hanging out with celebrities on yachts …

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Tech firms cut thousands of jobs, as interest rates and recession risks climb

Paul Brown used to work for a tech startup in Sydney, providing software to the police and other emergency services — until last week. The 65 year old IT worker was surprised to learn that he had been retrenched, after just 19 months on the job. But he’s not alone. Dozens of his colleagues were …

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OnePlus co-founder Carl Pei makes smartphone comeback

The Nothing Phone 1. Nothing The co-founder of Chinese smartphone brand OnePlus, Carl Pei, is back with a new handset — only this time it’s with a different company, literally called Nothing. Pei’s peculiarly named start-up officially pulled the wraps off its smartphone debut Tuesday, after months of dropping hints and teasers about the look …

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Tech layoffs, hiring slowdown stand out in red-hot job market

San Francisco Compassandcamera | Getty Images US employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which boomed during the pandemic, is showing signs of contraction. Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider …

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