Here are the latest tech layoffs as the industry shudders
Tech companies large and small are slashing their payrolls, fearing a recession is on the way. Here's a running list.
Silicon Valley
Google axes 12,000 jobs amid big tech layoffs
Silicon Valley was hit with another round of layoffs on Friday as Google announced that it would be cutting 12,000 jobs. The move comes during the same week that Microsoft and Amazon also announced layoffs, and companies nationwide look at cost-cutting measures amid growing concerns about a pending recession. Janet Shamlian has more.
Why FTX's collapse could have a global impact
Cryptocurrency lender BlockFi has filed for bankruptcy after more than 100 FTX companies also failed just weeks ago. Theodore Schleifer, a Silicon Valley reporter for Puck News, joins CBS News to discuss the global impact of the collapse of cryptocurrency exchange FTX and more.
Ex-Theranos CEO sentenced to 11 years in prison
The disgraced founder of the failed blood testing company Theranos was sentenced Friday to more than 11 years in federal prison. Elizabeth Holmes was convicted of fraud and conspiracy earlier this year for misleading investors and endangering patients with a bogus blood-testing technology.
Apple CEO Tim Cook on newest technology
"CBS Mornings" co-host Nate Burleson goes to Apple's headquarters in Silicon Valley to spend time with CEO Tim Cook and get an exclusive look at a new iPhone safety feature. The two talk about the newest Apple features, the economy and Cook's future.
Meta's massive layoffs
Mark Zuckerberg's Meta is laying off 13% of its workforce, as Silicon Valley companies face faltering revenues and other economic woes.
Top tech companies facing economic downturn
The tech industry saw massive gains during the pandemic, but an economic downturn has left some businesses in financial jeopardy. CBS News tech reporter Dan Patterson joined Tony Dokoupil and Lana Zak to discuss the layoffs and hiring freezes happening at top tech companies.
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