article thumbnail

Tech Sector Drives Record Layoffs in 2023

Allwork

According to a report published by Yahoo Finance , this surge, which was the highest since 2020, was led by high-profile tech layoffs from giants like Meta and Amazon. More specifically, the tech sector is reported to have experienced a 73% increase in job cuts — closely mirroring the record highs of 2001.

2023 267
article thumbnail

Will The Cascade Of Bank Collapses Break The Coworking Industry?

Allwork

The last time thousands of small businesses went bankrupt in a short period of time was in the dot.com crash of 2001, and it had a profound effect on the coworking industry. But if the Government and Federal Reserve cannot act quickly enough, or choose not to, what then? Could the same happen again?

2001 342
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Impenetrable Tech Industry May Have Met Its Match

Allwork

We compare investor negative sentiment on tech today to what we have seen only 2 other times in our decades of covering tech stocks: 2008 and 2001,” said Dan Ives, an analyst at Wedbush. . Inflation has decreased affordability among consumers, leading them to spend less while businesses struggle to address supply chain issues. . “We

2001 130
article thumbnail

How Michael J. Fox Finds Ways Around Life’s Obstacles

Success

Fox Show on NBC represented Fox’s first full-time TV gig since he left Spin City in 2001. Twins Aquinnah and Schuyler were born in 1995, six years after big brother Sam; daughter Esmé came along in 2001. The Michael J. It’s funny. But Fox’s exit from full-time acting gave him considerably more time with his family.

2001 261
article thumbnail

The Leadership Gene

Success

It was the summer of 2001. It turns out, I was 20 minutes early. I killed time by buying coffee and a magazine, and I went in to see the receptionist. I could just sit and relax and read and wait. I had just started my career as a business coach for some big companies like Johnson & Johnson and Bear Sterns.

2001 242
article thumbnail

‘Suffering Is What Makes Life Beautiful’

Success

He started another company, myMatrixx, a pharmacy benefits firm, in 2001 and sold it in 2017, exiting with $250 million. “Pivoting my life away from what I thought I was doing and finding the next new thing—perseverance is what got me through that,” he says.

2001 276
article thumbnail

More Americans Facing a Rent Burden

Small Business Labs

Between 2001 and 2015 median U.S. .  And according to the Pew Research study  American Families Face a Growing Rent Burden , 38% of these households are "rent burdened" Pew defines rent burdened as any renter household that spends more than 30% of their income on rent.

2001 169