The damage from the #COVID19pandemic, the Russian invasion of Ukraine has magnified the slowdown in the #globaleconomy, which is entering a long term of feeble growth and elevated inflation. Stocks have tumbled across Europe, as soaring inflation puts pressure on central bankers to raise interest rates even more aggressively. With the US dollar in demand, the pound has sunk below $1.18 for the first time since March 2020, early in the pandemic.
As per Forbes, the Inflation stocks - which predominantly includes companies from the banking, insurance, consumer staples, oil and gas sectors - has declined by about 8% over the last month, marginally underperforming the broader S&P 500.
Finance Minister #NirmalaSitharaman, including the US, said that global tech companies are in panic due to fear of an economic slowdown in developed countries. After putting brakes on job cuts and hiring by tech-social media companies like Microsoft, Google, Facebook (meta), Oracle, and Twitter, Apple has now joined the list of these companies.
While the U.S. Federal Reserve took some time to respond to inflation, starting with a 0.25% rate hike in March 2022, it is getting more aggressive with its monetary policy tightening, after inflation numbers for May came in higher than expected. The central bank raised rates by 0.75% in June, its largest hike since 1994.
Let's look into how the global tech companies are pulling back.
Alphabet Inc. has decelerated their recruiting efforts. According to an internal memo, Chief Executive Officer Sundar Pichai told employees that- although the business added 10,000 Googlers in the second quarter- it will be slowing the pace of hiring for the rest of the year and prioritizing engineering and technical talent.
Amazon.com Inc. said in April that it was overstaffed after ramping up during the pandemic and needed to cut back. 'As the variant subsided in the second half of the quarter and emp.
The damage from the #COVID19pandemic, the Russian invasion of Ukraine has magnified the slowdown in the #globaleconomy, which is entering a long term of feeble growth and elevated inflation. Stocks have tumbled across Europe, as soaring inflation puts pressure on central bankers to raise interest rates even more aggressively. With the US dollar in demand, the pound has sunk below $1.18 for the first time since March 2020, early in the pandemic.
As per Forbes, the Inflation stocks - which predominantly includes companies from the banking, insurance, consumer staples, oil and gas sectors - has declined by about 8% over the last month, marginally underperforming the broader S&P 500.
Finance Minister #NirmalaSitharaman, including the US, said that global tech companies are in panic due to fear of an economic slowdown in developed countries. After putting brakes on job cuts and hiring by tech-social media companies like Microsoft, Google, Facebook (meta), Oracle, and Twitter, Apple has now joined the list of these companies.
While the U.S. Federal Reserve took some time to respond to inflation, starting with a 0.25% rate hike in March 2022, it is getting more aggressive with its monetary policy tightening, after inflation numbers for May came in higher than expected. The central bank raised rates by 0.75% in June, its largest hike since 1994.
Let's look into how the global tech companies are pulling back.
Alphabet Inc. has decelerated their recruiting efforts. According to an internal memo, Chief Executive Officer Sundar Pichai told employees that- although the business added 10,000 Googlers in the second quarter- it will be slowing the pace of hiring for the rest of the year and prioritizing engineering and technical talent.
Amazon.com Inc. said in April that it was overstaffed after ramping up during the pandemic and needed to cut back. 'As the variant subsided in the second half of the quarter and emp
Technology video | 124 views
Zero can sometimes be good!
While there is a risk of global recession, India has zero probability of slipping into recession.
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While there is a risk of global recession, India has zero probability of slipping into recession.
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In this video tutorial, We will explain Oracle HCM Hiring an Employee.
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Students का B.Tech-M.Tech से मोह भंग | B.Tech, M.Tech नामांकन में बड़ी गिरावट |
बदलते वक्त के साथ ना सिर्फ लोगों के जीना का तरीका बदला है...बल्कि शिक्षा में भी बदलाव हुआ है...जिससे अब छात्र अब उच्च शिक्षा से ज्यादा उन विषयों की पढ़ाई कर रहे हैं...जिससे कम समय में नौकरी मिल सके...और यही वजह है कि...अब बीटेक और एमटेक जैसे कोर्स की वेल्यू बेहद कम रह गई है...जीहां अखिल भारतीय उच्चतर शिक्षा सर्वेक्षण की रिपोर्ट शिक्षा के बदलते स्तर की कहानी को बयां करती है
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Capgemini moderates hiring due to the decline in tech sector #shortsvideo
Technology video | 62 views
Obama seeks to pin blame for looming highway crisis on congressional Republicans (July 1)
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M'rashtra Resumes Virdi Dam Work; Looming Threat Of Water Scarcity In Goa
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'There is a threat looming over our country & the constitution' - Sangeeta Shah from Mumbai.
She walks in the #BharatJodoYatra to save our democracy.
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'There is a threat looming over our country & the constitution' - Sangeeta Shah from Mumbai.
News video | 129 views
People of Ponda to protest rampant digging despite looming monsoon. Demand immediate stoppage to road digging works
People of Ponda to protest rampant digging despite looming monsoon.
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The Security Threat is looming on the BFSI Segments
The Security Threat is looming on the BFSI Segments
Technology video | 144 views
#punjab #punjabinews #newsupdate #latestnews #todaynews #punjabnews #dainiksavera
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Exclusive: Sabr Foundation ਦੇ Jasprit Dahia ਨੂੰ ਨੌਜਵਾਨਾਂ ਲਈ ਚੁੱਕਿਆ ਵੱਡਾ ਜ਼ਿੰਮਾ, ਜਾਣੋ ਕੀ ਹੈ ਉਪਰਾਲਾ
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ਵਿਧਾਨ ਸਭਾ ਸੈਸ਼ਨ ਮਗਰੋਂ MLA Dr Charanjit Singh ਦਾ ਬਿਆਨ, ਗੈਂਗ.ਸਟਰਾਂ 'ਤੇ ਮਾਨ ਸਰਕਾਰ 'ਤੇ ਤਿੱਖੀ ਨਜ਼ਰ
News video | 46 views
#Beas #RadhaSwami #SatsangBeas
ਡੇਰਾ Radha Swami ਸਤਸੰਗ Beas ਦੇ ਮੁਖੀ ਬਦਲਣ ਬਾਅਦ ਜਾਣੋ ਕੀ ਹਨ ਡੇਰੇ 'ਚ ਹੁਣ ਦੇ ਹਾਲਾਤ
After changing the head of Dera Radha Swami Satsang Beas, know what is the current situation in the dera.
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ਡੇਰਾ Radha Swami ਸਤਸੰਗ Beas ਦੇ ਮੁਖੀ ਬਦਲਣ ਬਾਅਦ ਜਾਣੋ ਕੀ ਹਨ ਡੇਰੇ 'ਚ ਹੁਣ ਦੇ ਹਾਲਾਤ
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ਵਿਧਾਨ ਸਭਾ ਸੈਸ਼ਨ ਮਗਰੋਂ ਮੰਤਰੀ Chetan Singh Jauramajra ਨੇ ਵਿਰੋਧੀਆਂ 'ਤੇ ਕੱਸੇ ਤੰਜ
News video | 26 views
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ਗੈਂਗ.ਸਟਰਾਂ ਦੀ ਇੰਟਰਵਿਊ ਨੂੰ ਲੈ ਕੇ MLA Sukhwinder Singh Kotli ਨੇ ਸੁਣੋ ਕੀ ਕਿਹਾ
News video | 20 views
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ਵਿਧਾਨ ਸਭਾ ਦੇ ਸੈਸ਼ਨ ਮਗਰੋਂ MLA Manwinder Giaspura ਦਾ ਬਿਆਨ,ਆਉਣ ਵਾਲੇ ਸਮੇਂ 'ਚ ਲੋਕ ਪੱਖੀ ਬਿਲ ਕੀਤੇ ਜਾਣਗੇ ਪਾਸ
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'Dogs bark only for sometime' Nyra Banerjee on breakup news with Nishant Malkani #biggboss18
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Chum Darang shows her excitement to meet Salman Khan on Bigg Boss 18. #shorts
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'Want to play Rocky's role in KGF female version' says #shehnaazgill #shorts #yash
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“People call us Momo, Corona” - Bigg Boss 18 contestant Chum Darang on discrimination #biggboss18
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Nyra Banerjee on struggles as an actor in the Indian Television Industry #biggboss18 #nyrabanerjee
Entertainment video | 35 views