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World Business Report

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World Business Report: First broadcast 16/11/2022 22:32 GMT : The ticking tech bomb

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The ticking tech bomb

First broadcast 16/11/2022 22:32 GMT 

First broadcast 16/11/2022 22:32 GMT : The ticking tech bomb

BBC World Service - World Business Report, The ticking tech bomb

Mass layoffs by tech companies are hitting global markets.

Big tech companies like Amazon and Twitter are laying off their staff.

There are variety reasons behind the big tech companies' job cuts. Experts from California say how hiring, inflation and major changes in many companies are impacting tech business. Michael Bernick, former Director of California's labor department, the Employment Development Department (EDD) discusses the current situation in the US job market.

Also, we will have a look at the crypto market where investors are trying to keep their heads above the water. And we'll find out why Mariah Carey being criticised for attempting to monetise Christmas. 

(Picture: Students Working On Computer Assignment During Seminar Group. Credits: Getty Images)

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First broadcast 16/11/2022 22:32 GMT : The ticking tech bomb

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