Tag Archives: Technology Sector

In a stark indication of ongoing economic challenges, the technology sector witnessed a wave of layoffs in April 2024, with over 20,000 employees losing their jobs across various companies. This surge in job cuts reflects a broader trend of layoffs in the tech industry, with at least 271 companies having let go of 78,572 employees since the beginning of the year, as reported by layoffs.fyi.

Apple CEO Tim Cook has sold 511,000 shares, amounting to approximately $41 million after taxes, marking his largest stock sale in over two years. This comes as Cook took a rare pay cut of around 40% for 2023, with other Apple executives also revealing stock sales amidst a recent decline in the company's stock value.