# Tech companies
The US Tech Layoffs Are On The Rise
San Francisco: Companies fear a new economic crisis and lay off employees. There is a massive impact in the cryptocurrency space. June was the month with the highest tech layoffs so far in 2022. That was the conclusion of an analysis by Crunchbase, which was published on June 7, 2022. After that, there were at least 75 reports from US tech companies laying off staff. At least 143 US tech firms have laid off more than 24,000 employees so far this year.
Phoenix is a Hotbed for Tech Companies - Now Seen as Silicon Desert
Phoenix, Arizona is growing quickly, but tech companies are now swarming here. The city is becoming known as the new Silicon Valley - i.e., the "Silicon Desert". Here are some of the projects and moves that global tech companies have announced recently:
Obama on Fake News on Social Media: "People Are Dying."
The former US President calls for more transparency from tech companies that operate social platforms. "People are dying because of misinformation," former US President Barack Obama said Thursday in a speech at a Stanford Cyber Policy Center event, CNET reports.