6
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

CNET News Video: Daily Debrief 2nd edition: A chill in the air for tech workers

About Video Transcript

CNET News Video: Daily Debrief 2nd edition: A chill in the air for tech workers

2:34 /

Several prominent technology companies have admitted to deliberately slowing down their hiring efforts in the wake of a weakening U.S. economy. In the 2nd edition of Friday's Daily Debrief, CNET's Kara Tsuboi and Ina Fried discuss who's freezing hiring, firing, or just trying to stay afloat.

[ music ] ^m00:00:04 >> Kara Tsuboi: Welcome to the daily debrief, I'm CNET's Kara Tsuboi. Here is senior writer, Ina Fried, and yet another sign that our economy perhaps entering a really rough time is signs of potential hiring freezes or layoffs in the tech industry. I know you caught some rumors earlier today about Microsoft. Why don't you explain? >> Ina Fried: Sure, there was a report out there that Microsoft had a companywide hiring freeze and Microsoft's saying that's not the case. But there is a chill at least, so basically they are gonna take another look at their hiring plans for next year. And certainly for a company like Microsoft that hires a lot of people, have been growing, it's a big deal even that they're taking a second look. And I think everyone in this economy really is gonna be doing that. >> Kara Tsuboi: Now a freeze or a chill is obviously a lot better than announcing mass lay off's of course, but some companies in the tech world are starting to think about laying off employees ever quarter. Is that right? >> Ina Fried: Definitely. We've seen a lot of companies that are doing layoffs. HP announced 24,000 jobs that they're cutting. Dell's been cutting a huge number from its work force. Intel's cut a lot of jobs over the last few years as it's gotten out of some businesses. So a lot of companies are scaling back. Microsoft actually will hire people over the next year, in part because it's already announced a lot of things that it's doing like building these big data centers that do require some people. So they said they still expect to add thousands of jobs, but I wouldn't be surprised if we see some of the traditional core software groups not filling open positions, perhaps scaling back. And I think we're gonna see companies across the board really take a close look at that spending, as well as on the capital side; especially the hardware companies, yeah how much they need to invest in capital spending as well. >> Kara Tsuboi: As you were doing your own research on Microsoft today I noticed some of our CNET News colleagues were also looking into some of their companies that they report and follow. Any specific examples you can share that our reporters have found out and helps with your article today? >> Ina Fried: Well it is a little hard to say because a lot of companies are already in the midst of cutting jobs, so they don't exactly have to say if they're gonna cut a few more jobs. So I think people are taking a little bit of a wait and see too, people know things are bad, it's hard to say just how bad. >> Kara Tsuboi: Absolutely, we don't want to see any companies be too reactionary just because the market over the last couple of weeks has tanked, and the bailout plan of course is sputtered and passed finally, but yeah, companies are obviously taking their time to figure these things out. Thank you very much. Senior editor Ina Fried, I'm Kara Tsuboi, we'll see you on the next daily debrief. [ music ]

New releases

Tech to expect in 2015
2:31 December 26, 2014
The five most-anticipated gadgets we expect to see in 2015.
Play video
Best websites for finding child care
1:01 December 26, 2014
Between holiday parties and New Year's Eve plans, it can be tough to secure a babysitter. In this Tech Minute, CNET's Kara Tsuboi reports...
Play video
What's new on Netflix in January 2015
2:08 December 25, 2014
Find out what you should add to your watch list and what other videos are disappearing in the new year.
Play video
Brian Tong's Viewer Feedback 2014
2:17 December 25, 2014
We read the e-mails, tweets, and YouTube comments from you that have helped us create the best tech videos on Earth.
Play video
XCAR Awards 2014: Best-Looking
1:31 December 24, 2014
The XCAR team has played with some amazing cars in 2014, but which will be crowned the best-looking?
Play video
LG's bare bones oven needs a little more meat
2:02 December 24, 2014
The LG LRE3021 gives reliable mid-range performance, but lacks the features you can find from other brands for the same price.
Play video
Tomorrow Daily 106: Our 'Best of 2014' Extravaganza
27:44 December 24, 2014
On today's show, we celebrate another year gone by naming our (and your) favorite tech stories, pop culture news and video games of...
Play video
The big trends to watch at CES 2015
2:55 December 24, 2014
With CES around the corner, Bridget Carey tells you what to look out for at the tech expo. Expect buzz around the smart home, virtual...
Play video