Japan and Uk in recession: What to expect from the Global IT Market in 2024?

1 min read

Japan and the UK, two major IT markets, raise questions about the overall health of the global IT market in 2024.  Here are some potential impacts to consider: Negative impacts: Possible counterpoints and positive signals: Overall, the impact of Japan and the UK’s recessions on the global IT market is difficult to predict with certainty.

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TSMC to Build Second Chip Factory in Japan: A Boost for Semiconductor Manufacturing

1 min read

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, has announced its ambitious plan to construct a second fabrication plant (fab) in Japan. This move comes as a response to rising customer demand and aims to bolster Japan’s position as a leading chip manufacturing center. Why Japan? TSMC’s expansion in Kyushu aligns with the Japanese government’s

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Job Insecurity Shakes the Industry, 31,751 lay-offs in January

1 min read

The tech industry is facing a harsh reality check. As of January 2024, over 31,751 employees across 122 tech companies have been laid off, according to Layoffs.fyi. This staggering number, likely an underestimate due to missing data, paints a picture far from the “move fast and break things” culture of the pre-pandemic boom. For many, this

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IBM’s Ultimatum for Managers. Relocate or Leave!

1 min read

IBM has recently issued a bold directive to its management team across the United States, stirring up the ongoing debate about the future of work in the post-pandemic era. According to an internal memo leaked on January 16, and later confirmed by the company, all U.S. managers at IBM are now required to work from

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EU antitrust regulators set to block Amazon’s iRobot acquisition

1 min read

The European Union’s antitrust regulators are set to block Amazon’s $1.7 billion acquisition of iRobot, the maker of Roomba robot vacuums, according to people familiar with the matter. The decision, which could be announced as soon as this week, would be a major setback for the tech giant, which had been hoping to expand its

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SAP’s Transformation Program Leads to Growth but also 8,000 Layoffs in 2024

1 min read

SAP, the renowned German software company, has recently made headlines with its stock prices soaring by 7% to record levels. This surge is attributed to the company’s optimistic forecast for cloud revenue growth and a significant restructuring announcement, involving a workforce shift towards artificial intelligence (AI). Cloud Revenue and Restructuring SAP has earmarked a substantial

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Uber Partners with Tesla to Incentivize Drivers Towards Electric Vehicles

1 min read

To encourage its drivers to switch to electric vehicles, Uber has announced exclusive incentives for its drivers for the purchase of Tesla’s Model 3 and Model Y. This initiative, which includes incentives of up to $2,000, is designed to complement the existing federal tax credits available for electric vehicles. Andrew Macdonald, Senior Vice President for

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Exploring the Startup Landscape with Emmett King, a global visionary

5 mins read

We turn the spotlight on the startup odyssey with Emmett King, a founder who has adeptly traversed the vibrant and demanding startup landscape across continents. Beginning with his early business endeavors in the United States and extending to his significant impact in Romania, King shares decades of experience and distinctive insights into starting and expanding

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Publicis Sapient and Google Cloud Launch Retail Media Network Accelerator

1 min read

Publicis Sapient, leader in digital business transformation, has recently announced a significant partnership with Google Cloud. This collaboration is set to introduce the Retail Media Network (RMN) Accelerator, a part of their Industry Value Network (IVN) initiative. This move aims to revolutionize the retail landscape by enhancing revenue streams and customer engagement through an innovative, integrated approach. What is

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Volkswagen Adjusts Electric Vehicle Pricing Strategy Across Europe

1 min read

Automotive News Europe reports that Volkswagen subsidiaries in Italy have started displaying prices reduced by up to 3,000 euros. Additionally, there are substantial discounts on optional features (known as “customer-advantages”) of up to 8,800 euros. Similarly, in Norway, the price of a Volkswagen ID3 has been reduced by up to 11,000 euros compared to its

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