downturn

These AI jobs, offered by FAANG companies are available today to be applied for Starting from language translators, and face recognition software to chatbot assistants like Alexa and Siri, AI has made us rely on some of the most cutting-edge technologies in the modern world to make our lives efficient. The use of machine learning, artificial intelligence, robotics, and IoT is skyrocketing every day, and with it, so is the demand for efficient tech professionals. The domain of AI has expanded dramatically and the rising…

The outlook for tech industry jobs worsened on Thursday, with ride-hailing company Lyft Inc. LYFT -2.00% and payments company Stripe Inc. both announcing major layoffs and Amazon.com Inc. AMZN -3.06% saying it will freeze corporate hiring for months.The stream of grim news for the industry came as the Federal Reserve has moved again to raise interest rates to combat inflation, signaling greater risk that the U.S.…

CNBC's Jim Cramer on Monday warned investors that they should trim some of their positions to prepare for a possible market decline."According to the S&P oscillator I've followed for ages, we're very overbought right now," he said. "You have to hold your nose and sell something because we're due for a pullback."The S&P 500 Short Range Oscillator, one of his long-time favorite market indicators, helps signal when the market has become overbought and possibly due for a pullback, or too oversold and due for a bounce.…

A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022.George Frey | Bloomberg | Getty ImagesThe once-hot housing market is cooling off at an alarming rate, and some homebuilders say it will only get worse come the new year as new orders dry up. Fast-rising mortgage rates have caused once-frenzied homebuyers to turn on their heels and become worried about their potential investment and the health of the overall economy."There's this cliff that's happening in January,"…

Chipmaker Texas Instruments Inc forecast fourth-quarter revenue and profit below estimates as it expects demand across most of its end markets to decline, sending its shares down 5%. After a two-year boom in the chip industry, triggered by tight supply and high demand, a downturn is setting in as personal electronics makers and retailers, who are sitting on bloated inventories due to inflation-hit demand, cut orders for chips. On the earnings call, TI said order cancellations increased during the third quarter. Chip…

South Korean chipmaker SK Hynix said on Wednesday that it posted 10.98 trillion won in revenue and 1.65 trillion won in operating income for the third quarter.Revenue dropped 7% from a year ago but operating income dipped by 60% over the same time period.SK Hynix said it experienced low demand for its DRAM and NAND memory chips amid the worsening global economy.Earlier this month, compatriot Samsung said it expected operating profit to drop 31.73% from a year ago, its first profit drop in nearly three years.The South…

Economic downturn is certainly not a hurdle for landing a high-paying data science job The market is reeling under recession and big companies are laying off employees in large numbers. In such circumstances, it is highly refreshing that people who are pursuing data science courses can breathe a sigh of relief. In spite of the recession, demand for data scientists both at the entry level and at the higher level is only soaring. A McKinsey report from 2011 predicted that the United States will face a shortage of about…

Some economists fear the Federal Reserve—humbled after waiting too long to withdraw its support of a booming economy last year—is risking another blunder by potentially raising interest rates too much to combat high inflation.The Fed has lifted rates by 0.75 percentage point at each of its past three meetings, bringing its benchmark federal-funds rate to a range between 3% and 3.25% last month—the fastest pace of increases since the 1980s. Officials have indicated they could make a fourth increase of 0.75 point at their…

Just last year, the only story about chips was that manufacturers couldn’t make enough of them to meet the strong demand for consumer electronics, cars, and other products that require semiconductors. But even as shortages continue for certain types of semiconductors, the story is becoming more nuanced, especially for giants like Samsung and AMD, who were flying high on revenues and profits in 2021 and into 2022. Now they are being bowled over by a tide that similarly swept up Nvidia and Intel this summer. As reported by…

'No amount of salespeople or engineers can save you in the long run if your customers don’t love your product' When founders are laying off staff and cutting costs to face the downturn, it may seem like odd timing to tell startups to take their product as seriously as ever. In a recession, do users really care about product experience? Yes, says Mighty Capital, whose portfolio includes companies such as Airbnb and Amplitude. The San Francisco-based VC firm has a core thesis: The…