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France 24
France 24
Business
Kate MOODY

Tech turbulence: Silicon Valley sheds jobs as industry growth slows

PEOPLE AND PROFIT © FRANCE 24

The wave of mass layoffs continues to shake tech companies, from global giants to startups. With growing demand from consumers stuck at home and online, the tech sector went on a hiring spree during the pandemic. But since last year, as inflation rose and profits slowed, hundreds of thousands of workers have lost their jobs. FRANCE 24's Charles Pellegrin tells us what's behind the job cuts.

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Another challenge for the industry is the new technology that's revolutionising the way we work. After years of research and investment, artificial intelligence is now being put into practice. We ask Guy Diedrich, Senior Vice President & Global Innovation Officer at Cisco, what challenges and opportunities he anticipates as a result. 

Airbus is among those testing autonomous flying technology. The new model powered by AI software is currently being designed as a safety measure, in case a pilot is incapacitated, but it could offer a peek at the future. 

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