The clock is running out for Congress to pass Big Tech antitrust bills this year:

The clock is running out for Congress to pass Big Tech antitrust bills this year:

Nearly three years ago, when the Justice Department and Federal Trade Commission launched probes into the business practices of Big Tech, antitrust experts and legal talking heads declared a new age in enforcement and a chastening of unbridled financial power. But a pandemic and countless bill markups later – amid feverish lobbying efforts by Apple … Read more

Tech layoffs, hiring slowdown stand out in red-hot job market:

Tech layoffs, hiring slowdown stand out in red-hot job market:

San Francisco: Compassandcamera |: Getty Images: US employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which boomed during the pandemic, is showing signs of contraction. Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider … Read more

Tech layoffs, hiring slowdown stand out in red-hot job market:

Tech layoffs, hiring slowdown stand out in red-hot job market:

San Francisco: Compassandcamera |: Getty Images: US employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which boomed during the pandemic, is showing signs of contraction. Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider … Read more

Uber to cut down on costs, treat hiring as a ‘privilege’: CEO email:

Uber to cut down on costs, treat hiring as a ‘privilege’:  CEO email:

Uber posted a $ 5.9 billion loss in the first quarter of 2022. Philip Pacheco |: AFP via Getty Images: Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I … Read more

Meta is opening a physical store to bring metaverse closer to reality:

Meta is opening a physical store to bring metaverse closer to reality:

Katie Contreras and Chris Nguyen, experience experts, stand at the Customer Onboarding station for the Quest Demo space during a preview of the inaugural physical store of Facebook-owner Meta Platforms Inc in Burlingame, California, May 4, 2022. Brittany Hosea-Small |: Reuters: A good number of teenagers have virtual reality headsets, but have they starting using … Read more

Meta is opening a store as VR headset sales inch closer to mainstream:

Meta is opening a physical store to bring metaverse closer to reality:

Katie Contreras and Chris Nguyen, experience experts, stand at the Customer Onboarding station for the Quest Demo space during a preview of the inaugural physical store of Facebook-owner Meta Platforms Inc in Burlingame, California, May 4, 2022. Brittany Hosea-Small |: Reuters: A good number of teenagers have virtual reality headsets, but have they starting using … Read more