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Carney Government Faces First Budget Confidence Test in Commons

                 Prime Minister Mark Carney's budget needs two opposition MPs to either support or abstain it to pass. The House of Commons is set to hold its first confidence vote tied to Prime Minister Mark Carney’s inaugural federal budget on Thursday evening. The vote will focus on a Conservative sub-amendment to a Bloc Québécois amendment, both of which challenge key elements of the government’s fiscal plan. The Liberal government has declared the votes to be matters of confidence , meaning defeat could trigger a federal election. While the stakes are high, the government is expected to survive this initial test thanks to support from the New Democratic Party (NDP) and the Bloc Québécois , who have both signaled they will vote against the Conservative motion. Interim NDP Leader Don Davies confirmed that his caucus of seven MPs will side with the Liberals, ensuring the defeat of the Conservative sub-amendment. However, Davies ...
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The Future of Tech Jobs: Four Trends Fueling Layoffs at Google and Amazon

 


The tech industry has been experiencing a wave of layoffs, with Google and Amazon being the latest companies to announce job cuts. According to a report by Challenger, Gray & Christmas, Inc., a job market research company, more than 720,000 tech jobs were cut in 2023, the highest yearly total since the Great Recession. Here are four worrying trends that are fueling these layoffs:

  1. Drive for profitability: Companies are under pressure to deliver profits to their shareholders, which is leading to cost-cutting measures such as layoffs.
  2. Remains of the pandemic hiring hangover: The pandemic forced many companies to hire more employees than they needed, and now they are cutting back to pre-pandemic levels.
  3. Rapidly developing AI: The rise of artificial intelligence is making some jobs redundant, leading to layoffs.
  4. Slowing inflation: Inflation has been slowing down, which is making it harder for companies to justify increasing salaries and hiring new employees.

The future of the tech industry is uncertain, but one thing is clear: companies need to adapt to the changing landscape to stay competitive. 

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