Amazon, Dell, Google and Microsoft: Nearly 60,000 tech layoffs so far in 2024 and ‘more pain to come’ April 4, 2024 The tsunami of tech layoffs which plagued much of 2023 has continued to hit companies of all sizes this year.
Sunak’s semiconductor plans will leave UK ‘very vulnerable’, warn tech bosses May 19, 2023 Tech bosses have hit out at the government’s landmark £1bn semiconductor strategy, blasting it as “a drop in the ocean” which leaves the UK “very vulnerable”. Founders warned the government’s proposals for investment over the next decade to boost the UK’s domestic silicon chip and compound semiconductor production were “disappointing”, with the announced £1bn funding [...]
Not another one? Tech firm set to be plucked from London’s markets in £203m deal August 30, 2023 Another tech firm looks set to be snatched from London’s markets after bosses at Instem struck a £203m take-private deal with a US healthcare investor today. Instem, an AIM-listed life sciences software specialist, said this morning that it had agreed on the terms of a 833p per share cash offer and would now recommend the [...]
City A.M. tech and media awards 2023: blunders, board battles and the cage fight that got away December 29, 2023 Welcome to the inaugural City A.M. tech and media awards, where we look back on the best, the worst and the weirdest moments of the year.
Nadine Dorries claims big tech firms are ‘too powerful’ and have secret ‘dials’ to control the internet October 25, 2023 Former culture secretary Nadine Dorries claimed “Big Tech” is “becoming too powerful in all areas of daily life”.
It ain’t easy being green: Climate tech funding plunges as interest rates rattle investors October 17, 2023 Climate tech investment has plunged globally this year as recession fears and rising interest rates put the brakes on a green funding frenzy, new figures have revealed.
London tech grandee lined up to lead embattled WANdisco’s recovery effort May 9, 2023 The beleaguered data firm WANdisco is set to appoint the businessman Stephen Kelly as interim chief executive, it announced on Tuesday. Kelly previously served as chief executive of the software companies, Chordiant, MicroFocus and most recently FTSE100 constituent, Sage, until 2018. “I am a firm believer in the potential of WANdisco’s technology to become a [...]
Analysis: Big tech beats forecasts – but they’re not out of the woods yet April 28, 2023 Meta, Microsoft, and Google’s parent, Alphabet, Amazon all showed signs of resilience this week after a bruising period for the tech sector. After many US tech firms laid off thousands of staff in response to low growth and inflationary pressures, each of these leading tech giants reported quarterly revenues and profits that beat analyst estimates, [...]
UK tech giant first company to receive funds under CHIPS act to bolster US microchip manufacturing December 12, 2023 UK tech giant BAE Systems has secured a landmark grant under the US CHIPS and Science Act - the first company ever to receive the funding.
Stripe: It’s a mistake for tech firms to get too hung up on valuations June 25, 2023 Tech firms shouldn’t worry so much about valuations, the co-founder of Stripe has said, after the payments firm’s valuation was cut earlier this year. Stripe cut its valuation to $50bn (£39bn) in March this year, which is well below its peak of $95bn back in 2021. The valuation was slashed as it announced a new [...]