MUSCAT, JUNE 16 Muscat-based Rocket Elements and Technologies (RE&T), an Omani space technology startup focused on advanced propulsion systems, has secured funding support from Future Fund Oman, marking a significant endorsement of the Sultanate’s emerging deep-tech and aerospace innovation ecosystem. The investment support was announced as part of a broader wave of agreements concluded by […]
Artificial intelligence and automation have emerged as a major factor in tech workforce reductions in 2026. As of early April, 38,088 tech jobs have been cut worldwide due to AI-linked restructuring, accounting for nearly half of all global layoffs reported so far this year. Oracle stands at the centre of this trend, with all 25,254 of its layoffs in […]
Muscat: The data analytical company, TradingPlatforms, has highlighted the most heavily impacted regions and companies in the tech industry with layoffs. Data revealed that tech industry layoffs have now reached 93,038, following California-based social media company Meta’s announcement that it is cutting 8,000 positions as part of an efficiency-led restructuring and increased investment in AI infrastructure. The […]
