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☆ Tech layoffs are way down from last year. Why does it feel so grim?
▼ + stars: | 2024-02-07 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

2024 has started with another wave of tech industry layoffs. AdvertisementIn early 2023, a decade of abundance came to a painful end for many tech workers. Software job postings are also relatively healthy, suggesting that tech companies are still hiring even as they shed other workers. AdvertisementSmall, continual job cutsSo why does it still feel so grim across the tech industry? This year, there's small, continual job cutting by many tech companies, rather than a single huge round of layoffs.

Persons: Matt Hedberg, it's, Amazon, Meta, Mark Zuckerberg, hadn't Organizations: Google, RBC Capital Markets, Pharmacy

☆ A.I. could serve as the next major catalyst for these cybersecurity stocks. Here’s why
▼ + stars: | 2023-04-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

While a major headache for customers and businesses alike, the emergence of sophisticated AI attacks could serve as a major boon for cloud companies operating in the cybersecurity space. For many years, cybersecurity cloud companies have harnessed AI and machine learning to stop attacks, monitor suspicious activity and protect businesses. .IXIC YTD mountain Nasdaq Composite so far this year As investors dip back into the technology sector, cybersecurity stocks across have risen across the board, with the First Trust NASDAQ Cybersecurity ETF (CIBR) up about 7.5% this year. Cybersecurity providers CrowdStrike and Palo Alto Networks are up 25.6% and 38.5%, respectively, year to date. "The basket of cloud and cybersecurity stocks offers something for everyone," Eyal said.

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