Experts say 2023 will be another tough year for tech companies large and small, though they said recent downsizing at bigger names might actually help smaller businesses in the sector recruit and grow.
its biggest single-day gain in a decade on Thursday after beating earnings estimatesBut Mark McQueen, president and executive managing director at CIBC Innovation Banking, said Meta’s surge should not be interpreted as a bellwether for the industry, with several major tech companies like Apple Inc. yet to report their latest earnings, and global economic uncertainty still lingering.“There’s still lots of dark clouds out there.
“If you're a small-cap, mid-cap Canadian tech name who is slugging along, it's going to be a tough year,” he said. Some experts attributed some of Meta’s Thursday rally to CEO Mark Zuckerberg’s pledge to run a leaner, more efficient company in 2023 after mass layoffs and a hiring freeze last year.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
1st Early Bird Prize winner for Camp for Cancer 2023 Super DrawThe following press release was sent by the Belleville General Hospital Foundation. Today Bob Piche of Ottawa,...
Read more »
Nearly 2 million U.S. cancer diagnoses predicted for 2023The projected number of deaths would represent a 33 percent drop in the cancer mortality rate since 1991
Read more »
Shakeup could save 2023 Vancouver Folk Festival, but board president warns long-term fixes neededFestival organizers say unnamed financier has offered to support event for this year, but changes will be necessary to support the event long-term – including embracing corporate sponsorship
Read more »
U.S. corporate default rate to rise in 2023: Moody’sMoody’s report says actual rate of default could be as high as 17.7 per cent depending on the fallout from rising interest rates, the Russian invasion of Ukraine and China’s economic slowdown
Read more »
The Best Street Style from Copenhagen Fashion Week Fall 2023From cool oversized outwear to colourful ensembles and playful headwear, here's the best Fall/Winter 2023 Copenhagen street style.
Read more »
Teck eyes copper production increase in 2023 – Canadian InvestorTeck eyes copper production increase in 2023 CanadiansInvest
Read more »