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Microsoft, Meta, Amazon, and other tech giants are cutting back on headcount—but their spending on hardware and real estate keeps soaring
Layoffs in big tech dominated the business headlines in 2023. But for many affected companies, those cuts represented minor corrections after a decade-long hiring spree. Those same companies simultaneously made huge investments in equipment, property, and R&D—also known as capital expenditures. These twin surges reflect the enormous investments in hardware, software, and engineering talent demanded by cloud services—and made more urgent by the rise of AI. (Real estate is a major “capex” factor, too, especially for Intel’s new chip factories and Amazon’s ever-expanding warehouse network.) The takeaway: For now, staying ahead at tech’s top levels requires major commitments to equipment and talent alike.
50 Early Amazon Memorial Day Deals To Shop Now
It’s hard to believe that Memorial Day weekend is almost here — seriously! But on the flip side, it’s a great opportunity to get savings on all your mid-year necessities. What’s more, Amazon is a premier destination for tech, fashion, beauty, home and more, and the retailer has already revealed some of its Memorial Day deals! So, if we were […]
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