Tech company earnings reports expected to bring a flush of bad news | Technology sector

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As top tech companies prepare to release their quarterly earnings reports starting next week, investors are bracing for bad news.

Several US tech companies have announced hiring slowdowns and layoffs in recent weeks, and the difficulties are expected to continue. “It’s not a great time for tech in general,” said Paul Verna, an analyst at Insider Intelligence, a market analysis firm. “There is no question that companies are going to be spending less, cutting back budgets, and maybe implementing hiring freezes. None of that is good news for the next quarter.”

Netflix, Meta, Google, Twitter and Tesla all have earnings

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New AFL-CIO leader eyeing tech sector for organizing

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Liz Shuler, the new leader of the nation’s largest federation of labor unions, the AFL-CIO, said in an interview published Sunday that she is eyeing the tech sector for organizing efforts amid shifts in the U.S. workforce.

Shuler spoke to Axios along with Fred Redmond, AFL-CIO’s first Black secretary-treasurer, ahead of her confirmation as president at the group’s constitutional convention. She has been running the organization since longtime leader Richard Trumka’s death last summer.

The two mentioned the recent union votes at Amazon and Starbucks, but declined to say which tech companies were in their sights.

“It’s our moment to

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