Friday, June 2, 2023

Challenger report: US tech companies have announced 136,831 layoffs in 2023 so far, more than in any full year since 2001, when job cuts reached 168,395 (Alexandre Tanzi/Bloomberg)

Alexandre Tanzi / Bloomberg:
Challenger report: US tech companies have announced 136,831 layoffs in 2023 so far, more than in any full year since 2001, when job cuts reached 168,395  —  US companies have announced more job cuts this year than during all of 2022, according to executive coaching firm Challenger, Gray & Christmas Inc.



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Samsung reports Q1 revenue up ~10% YoY to ~$53.4B and operating profit flat YoY at ~$4.5B, above ~$3.8B est., boosted by Galaxy S25 and legacy DRAM sales (Yoolim Lee/Bloomberg)

Yoolim Lee / Bloomberg : Samsung reports Q1 revenue up ~10% YoY to ~$53.4B and operating profit flat YoY at ~$4.5B, above ~$3.8B est., bo...