Articles about Economy

Seattle jumps 10 spots in ‘Best Performing Cities’ economic report; Idaho dominates smaller field

The Seattle metro region jumped 10 spots to No. 24 in the latest “Best Performing Cities” report from the nonpartisan… Read More

Podcast

GeekWire Podcast: Layoffs land at Amazon HQ; Redfin’s real estate reversal; Jeff Bezos and Jay-Z

Amazon became the latest tech giant to make layoffs in its corporate workforce this week in the face of the… Read More

Podcast

Amazon’s new reality: Where the tech giant is doubling down and cutting back in tough times

Amazon has grown dramatically over the past decade, surpassing 1.5 million employees and extending its reach into nearly every corner… Read More

We asked Seattle startups about the economy and its impact on their business

Tech startups are impacted by the shaky economy. But some are feeling it more than others. That was the takeaway… Read More

Microsoft cuts jobs in ‘strategic realignment’ as new fiscal year begins

Microsoft confirmed a “small number” of job cuts Tuesday morning, describing the move as part of a “strategic realignment” in… Read More

How remote work is changing tech pay: Seattle startup comp equals Silicon Valley, study says

Remote work is equalizing tech startup pay across the country, with Silicon Valley and San Francisco as the benchmark, and… Read More

Bezos reignites Biden inflation feud, says president is misdirecting public or misunderstanding market

Updated below with White House response. Jeff Bezos called out President Joe Biden for telling gas station owners to lower… Read More

Q&A: Seattle startups may be insulated from the downturn, and other insights from VC Chris DeVore

With fears of an economic hurricane approaching the U.S. economy, venture capitalists are advising tech companies to cut expenses and… Read More

Microsoft lowers guidance, citing foreign exchange rates, in latest sign of volatile economy

Microsoft shares fell by 2% this morning before partially recovering after the company reduced its revenue guidance for the current… Read More

Microsoft confirms Office and Windows hiring slowdown in latest sign of economic caution

Microsoft will get more cautious about hiring in its Windows and Office divisions, including its Microsoft Teams group, in the… Read More

Podcast

Startups, superheroes, and the economy at a crossroads: Voices from Seattle’s tech community

After holding the GeekWire Awards virtually for the past two years, there was a feeling of real catharsis Thursday evening… Read More

Microsoft suspends sales of products and services in Russia, condemns ‘unlawful’ invasion of Ukraine

Microsoft says it will suspend all new sales of its products and services in Russia and stop “many aspects” of… Read More

Will hybrid and remote work tank Seattle’s once red-hot office market? Not so fast, studies say

Fewer people working in the office, less need for office space? That seems like a logical conclusion to draw. But… Read More

Tech jobs hold steady in Seattle and other big tech hubs, but there’s another disturbing trend line

The great migration of tech talent out of large tech hubs like Seattle, San Francisco and Boston may be overblown.… Read More

Initiative seeks to force Seattle to fund homeless housing and then clear camps

In an effort to overhaul Seattle’s approach to its homeless crisis, a coalition of downtown business leaders and non-profit representatives… Read More

Amazon updates remote work guidance, plans to ‘return to an office-centric culture as our baseline’

The news: Amazon expects most U.S. corporate office workers back in the office by early fall, the company said in… Read More

Register for GeekWire’s virtual roundtable: Tackling Public Policy Challenges During a Covid Economy

It has been one year since Washington state locked down with the first confirmed case of COVID-19 in the U.S.… Read More

Here’s what tech policy leaders are watching, and expecting, as Biden takes office

When Joe Biden and Kamala Harris take the oath of office on Wednesday, the new president and vice president will… Read More

Buoyed by a booming tech sector, Seattle surpasses Atlanta to claim 10th largest regional economy

The Seattle region continues to boom. The regional economy — encompassing Tacoma, Everett, Seattle, Redmond and Bellevue — boasts a… Read More

Podcast

‘This company was invented for the pandemic’ — Scott Galloway on Amazon in a ‘Post Corona’ world

Amazon’s big move into the pharmacy business last week wasn’t a surprise at all, and it’s just part of a… Read More

Podcast

Tech in 2020 and beyond: The economy, Amazon, antitrust and the potential impact of the election

The past year has brought a pandemic, a national reckoning over race, plus antitrust investigations and charges against major tech… Read More

Report: Washington state’s tech economy is robust; 13.2% of the workforce holds a job in tech

A new report from the Information Technology Industry Council paints a detailed picture of the importance of the high-tech industry… Read More

‘How long can we hold on?’ As Zillow workers stay remote, businesses near Seattle HQ fight to survive

It’s 8:20 a.m. at the corner of Second Avenue and Union Street in downtown Seattle. The buzz of the city… Read More

Seattle City Council unveils new payroll tax targeting Amazon and other large companies

The Seattle City Council introduced a new proposal Tuesday to tax the largest companies in the city, the latest in… Read More

Washington state loosens restrictions for phased opening as shutdown order approaches expiration

Counties across Washington state will enter a phased re-opening program Monday as Gov. Jay Inslee’s “stay-home” order expires. Inslee announced… Read More

Tech avoids steepest job losses as US unemployment reaches historic peak of 14.7%

The U.S. unemployment rate soared to a record 14.7% in April according to the Department of Labor. It’s the highest… Read More

New data reveals how consumer spending habits have changed since the coronavirus crisis began

Companies that offer digital services or sell goods online are seeing a huge surge in demand from customers under widespread… Read More

Washington state unemployment claims jump 75% as startups brace for slowdown

Washington state jobless claims surged last week as federally backed, expanded unemployment benefits became available for the first time. Some… Read More

Washington’s new jobless claims dip but state officials warn it’s ‘the calm before the storm’

There were 82,435 new claims for unemployment benefits in Washington state last week, a 42% decline from the week prior.… Read More

Seattle tech industry fights proposed ‘Amazon Tax,’ claiming it will delay recovery and cost jobs

Hundreds of business and community leaders are asking Seattle officials to reject a new payroll tax on the city’s highest-paying… Read More