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Tech Sector Drives Record Layoffs in 2023

Allwork

job market, with companies planning 721,677 job cuts, a 98% increase from 2022, according to a study published by Challenger, Gray & Christmas, Inc. In 2023, many companies, especially those operating within the tech sector, were entering a cost-cutting phase. Last year was marked with major shifts in the U.S.

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AI Boom Fuels Office Leasing Surge In Tech Hubs

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A spike in artificial intelligence (AI) companies is having a positive impact on the commercial real estate markets — particularly in tech hubs around the U.S. According to a CBRE study featured by Yahoo Finance , the tech industry has reclaimed its position as the leading industry for office leasing growth in 2023, accounting for 16.5%

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Family-Centric Policies in the U.K. are Set to Benefit Working Parents in 2024

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As reported by Yahoo Finance , the legislation extends redundancy protections to those on maternity, paternity, adoption, and shared parental leave. The Act is a major game-changer for parents actively participating in the U.K.’s s workforce.

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Traders Cash In As WeWork’s Troubles Deepen

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What’s going on: Traders who made bearish bets against WeWork have profited big as the company continues to face challenges. Recently, the company announced that CEO Sandeep Mathrani is stepping down from his leadership role within the company.

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The Flexi Group Doubling Its Footprint In Asia-Pacific Amid Rising Demand

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The company also previously acquired two former Found8 coworking locations in Singapore and entered into partnership agreements with Hirsch & Faigen in Melbourne, Australia. Why it matters: The expansion of The Flexi Group demonstrates the growing demand for flexible workspaces and hybrid work models in the Asia-Pacific region.

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Job Seekers Losing Leverage, Pay, Flexibility As Job Market Flips

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According to an analysis of the data published by Yahoo!finance finance , the number of fully remote work opportunities is also decreasing , with only 11% of companies offering fully remote positions. This marks a departure from the previous year when increases in base pay were at the highest level in two decades, averaging a 4.8%

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It’s Not the End: Why Creating an Exit Strategy Sets Your Business Up for Long-Term Success

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In our case at Plurilock, we went public very early during the pandemic, as that was an option available to us then,” says Ian Paterson, CEO and founder of Plurilock, a leading AI cybersecurity company. Make sure when you go to sell the company you don’t run out of money and negotiating power. Ask for directions. Don’t run out of gas.

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