Microsoft Makes a Move When ChatGPT first made headlines, it seemed like a new class of startups, such as OpenAI, Mistral, and Anthropic, could challenge Big Tech in the arena of AI supremacy. But Microsoft (MSFT) and the FAANG companies – as the big names of tech, including Apple and Google, are often referred to…Read more
Lay Off the Optimism The labor market has been a standout overachiever in macro data this cycle, and continues to send signals of stability, at least according to the national numbers. A phenomenon that seems to occur every year is a string of layoff announcements in the first couple months as companies clear the deck…Read more
Reality Check Layoffs can be hard to stomach. And during a time that the economy is booming, they’re even harder to reconcile with what economic data seems to be telling us. Let’s break down this disconnect. Various Fortune 500 companies, including UPS (UPS), eBay (EBAY), and Microsoft (MSFT), have announced mass layoffs recently. But they…Read more
