Tech
Where Are Laid Off Tech Employees Going? | CNBC Marathon
CNBC explores challenges currently facing U.S. tech workers, including mass layoffs, widespread cuts in company budgets, and threats of deportation for H-1B visa holders.
“The layoffs to the start of 2024 signal a dramatic shift in the tech industry,” said Jeff Shulman, professor at the University of Washington’s Foster School of Business. The number of tech sector layoffs in 2024 has been outpacing the number of terminations in 2023. So far, about 42,324 tech employees were let go in 2024, according to
Layoffs.fyi, which tracks layoffs in the tech industry.
While layoffs have put stress on the workforce, a booming artificial intelligence market is giving the industry a renewed sense of optimism. Generative AI startup deals announced or finalized in the first quarter of this year totaled more than $12 billion compared to about $4.5 billion invested in the space last year, according to PitchBook.
On July 16, 2023, Canada opened visa applications for a pilot program that would allow up to 10,000 H-1B visa holders in the United States to apply for a three-year open-work permit in Canada. H-1B holders are highly educated and specialized foreign workers that work in fields such as tech. After massive layoffs in the tech industry, this was a lifeline for H-1B holders who needed to find a new job or face deportation.
Chapters:
00:00 Introduction
00:47 Why Widespread Tech Layoffs Keep Happening Despite A Strong U.S. Economy (Published February 2024)
13:01 Where Thousands Of Tech Workers Went After Mass Layoffs (Published August 2023)
26:46 How The U.S. Lost Thousands Of High-Skilled Workers To Canada (Published November 2023)
Produced by: Anuz Thapa, Shawn Baldwin, Sydney Boyo
Edited by: Michael Hoyt, Nic Henry, Sydney Boyo
Narration by: Jordan Smith
Graphics by: Jason Reginato, Christina Locopo, Alex Wood, Josh Kalven
Supervising Producers: Jeff Morganteen, Jeniece Pettitt, Lindsey Jacobson
Camera by: Andrew Evers
Additional Footage: Getty Images, CSPAN, U.S. Citizenship and Immigration Services, Government of Canada
Additional Editing: Emily Rabbideau
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Where Are Laid Off Tech Employees Going? | CNBC Marathon
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Sports TV ratings and live rights fees are soaring, but professional leagues and broadcasters are facing a new battleground for young fans. Social platforms like TikTok and YouTube are claiming an increasing share of viewing hours among Generations Z and Alpha. Sports clips, highlights and creator content can introduce younger fans to professional sport, but how do the major players cash in?
Reporter: Lillian Rizzo
Produced & Edited by: Tasia Jensen
Camera: Natalie Rice
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images
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How TikTok And YouTube Are Reinventing Sports Viewership
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With a simple swipe motion in front of Meural, a high-tech art display, a person can swipe through Monet and Picasso pieces in their living room. Here’s a glance at how it works.
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Meural: High-Tech Display Bringing Monet, Picasso Into Your Living Room | CNBC Make It.
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CNBC reviews Google’s new Pixel Buds, which pair easily with a Pixel smartphone, come with a carrying case that also charges the buds, and can translate.
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Google’s Answer To Apple AirPods Headphones Is A Failure On All Accounts | CNBC
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Apple is reportedly battling with content studios who want the company to charge more for 4K video content.
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Apple Battling Hollywood Over 4K Movie Prices, Report Says | CNBC
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Consumer Reports, tests more than 200 televisions each year in addition to the thousands of others products and services it reviews.
A few years ago, curved televisions were all the rage. Then 4K became the talk of the town. This year, it’s high-dynamic range (HDR) TVs at a price point buyers can finally afford. To the average consumer, all these changes are hard to keep up with. Here’s why millions of people trust Consumer Reports when it comes to TVs.
First, Consumer Reports uses secret shoppers to buy all of its televisions at retail price. (It does this for every product it reviews.)
“The reason they’re called secret shoppers is because we really don’t want manufacturers to know that we work for Consumer Reports. We don’t want to have a sample that’s souped-up given to us to test,” said Jon Malatino, senior technician at Consumer Reports.
By never accepting samples from manufacturers, Consumer Reports ensures the products it reviews are the same ones everyday buyers are purchasing and putting in their homes.
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How Consumer Reports Tests TVs | CNBC
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