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OpenAI

Tech Takes a Turn…Downward

January 19, 2023 by Ted Leave a Comment

Photo: Jovelle Tamayo for The New York Times

After several years of dizzying growth, the technology sector is now experiencing a notable downturn, as the post-COVID era has brought a combination of higher prices (inflation) and lower demand. In response, 2022 saw significant job cuts at major Big Tech brands that have continued on into 2023. That includes this Wednesday when Microsoft announced it was cutting 10,000 jobs – after a 1,000 job cut in October 2022 – another big blow to Tech.

But what about the more specific segments like consumer electronics and custom integration?

See the latest on tech taking a turn downward…

[Read more…] about Tech Takes a Turn…Downward

Filed Under: Financial, Management, News, People, Tech Trends, Technology Tagged With: Amazon, ChatGPT, COVID-19, Microsoft, OpenAI, recession

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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