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Tech companies

A new EU law aims to tame tech giants. But enforcing it could turn out to be tricky.

by Meghan McCarty Carino
Mar 7, 2024
It imposes hefty fines for scofflaws. But the commission charged with enforcing it has only 80 staffers.
Margrethe Vestager, executive vice president of 'A Europe Fit for the Digital Age' at the European Commission, talks to media in the Berlaymont building in Brussels, Belgium on Monday.
Thierry Monasse/Getty Images
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For tech giants like Meta, feverish pandemic growth is now followed by layoffs

by Kristin Schwab
Nov 7, 2022
Jobs losses at Meta and others could be an indicator of wider cuts in other industries.
Meta is reportedly planning to lay off thousands of employees this week, joining several other big companies in downsizing.
Fabrice Coffrini/AFP via Getty Images
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Microsoft layoffs may signal a broader tech downturn

by Lily Jamali
Oct 18, 2022
Other tech companies are also cutting jobs and scaling back recruitment after years of rapid hiring.
Drew Angerer/Getty Images
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What Apple and Amazon earnings may be able to tell us about this economy

by Andy Uhler
Apr 28, 2022
The consumer economy, in particular.
Traders are looking to the earnings reports of tech giants, like Apple and Amazon, to see how consumers are feeling and spending.
Michael M. Santiago/Getty Images
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Rolling back degree requirements expands the pipeline for tech

by Meghan McCarty Carino
Apr 27, 2022
Hiring based on skills rather than degrees is more labor intensive.
While many tech companies say they’re loosening up on degree requirements, a Harvard analysis found some big tech firms demanded degrees for more than 70% of jobs.
Dean Mitchell/Getty Images
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Are tech companies influencing politics more than governments?

by David Brancaccio , Rose Conlon and Daniel Shin
Oct 20, 2021
Ian Bremmer, president of Eurasia Group, believes we're increasingly becoming citizens of Facebook and Twitter rather than of nations.
Are we becoming citizens of tech?
Getty Images
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Rising IT spending lifts tech giants

by Nancy Marshall-Genzer
Jul 27, 2021
Companies are spending more on tech, and that is expected to help the likes of Microsoft and Alphabet, which report earnings today.
Big tech companies will be releasing their earnings this week and are likely to see a boost from increased IT spending.
Sean Gallup via Getty Images
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Dow index boosts its tech profile with addition of Salesforce

by Justin Ho
Aug 25, 2020
Bellwether market index also adds Honeywell and Amgen and expels Exxon and others. Move reflects tech's expanding role in the economy.
The floor of the New York Stock Exchange in March. The Dow Jones index has been updated to maintain its relevance, in one expert's view.
Spencer Platt/Getty Images
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Race and Economy

Tech companies reconsider facial recognition software

by David Brancaccio , Erika Soderstrom , Rose Conlon and Alex Schroeder
Jun 11, 2020
IBM says it will no longer sell or research facial recognition software, and Amazon announced a moratorium on police use of its software.
With IBM getting out of facial recognition technology altogether and Amazon pausing the use of its software by police departments, how will Microsoft act?
Tolga Akmen/AFP via Getty Images
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Tech companies get a win in the USMCA

by Sabri Ben-Achour
Dec 11, 2019
The treaty will extend to Canada and Mexico a provision of U.S. law that protects them from being sued for what their users' do.
Hector Guerrero/AFP/Getty Images
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