CNET News Video: Daily Debrief 2nd edition: A chill in the air for tech workers
About Video Comments (0 ) 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

MG, then and now
6:27 July 12, 2014
There's a new MG in town, the MG3. We take a look back to the beginnings of the legendary British sportscar...
Play video
TDK Life On Record Trek Max: One...
2:43 July 11, 2014
This $150 wireless speaker is splashproof and performs very well for its size and price
Play video
Portable chargers that do more...
1:26 July 11, 2014
With the TSA and UK cracking down on passengers with uncharged devices, there's even more reason not to have...
Play video
LinkedIn Connected aims to take...
2:54 July 11, 2014
A new app from LinkedIn offers a quick way to keep up with connections, Sprint targets business travelers...
Play video
The 404 1,522: Where you solve...
32:50 July 11, 2014
A whodunnit mystery unfolds in the first part of the show, an egg on the face of the Internet, the voice of...
Play video
RocketSkates blast past the old...
5:41 July 11, 2014
Smart rocket skates are the future of roller skating, and might save you during the next sharknado -- coming...
Play video
Properly wipe any Android devi...
1:57 July 11, 2014
The default data wipe tool in Android may not be enough to permanently eliminate personal data on your old...
Play video
No phone battery, no holiday, in...
28:31 July 11, 2014
No phone battery, no holiday. Are tough new airport rules sensible precautions or government scaremongeri...
Play video
 

Video discussion

Conversation powered by Livefyre