Albemarle Corp
Change company Symbol lookup
Select an option...
ALB Albemarle Corp
CRDOF Cerrado Gold Inc
ASM Avino Silver & Gold Mines Ltd
PUBGY Publicis Groupe SA
SLGL Sol Gel Technologies Ltd
TUEMQ Tuesday Morning Corp
VZ Verizon Communications Inc
HYB New America High Income Fund
MMND Mastermind Inc
FRC First Republic Bank
Go

Materials : Chemicals | Mid Cap Growth
Company profile

Albemarle Corporation is a developer, manufacturer and marketer of specialty chemicals, which serves its customers across a diverse range of end markets, including energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals and crop protection. It operates through three segments. Lithium segment develops and manufactures a range of basic lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties and reagents, including butyllithium and lithium aluminum hydride. Bromine segment’s business includes products used in fire safety solutions and other specialty chemicals applications. Its fire safety technology enables the use of plastics by enhancing the flame-resistant properties of these materials. Catalysts segment offers three product lines, which includes Clean Fuels Technologies, fluidized catalytic cracking catalysts and additives, and performance catalyst solutions.

Premarket

Last Trade
Delayed
$223.25
0.32 (0.14%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$222.93
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
778

10-day average volume:
2,020,187
778

More than 127,000 tech-sector employees have lost their jobs since the start of 2023

7:35 am ET March 9, 2023 (MarketWatch)
Print

By James Rogers

The tally of 2023 global tech layoffs has gone up almost fivefold since mid-January, according to data Layoffs.fyi

More than 127,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi.

The website's tally of 2023 global tech layoffs has gone up almost fivefold since mid-January.

Related: Palantir joins growing list of tech companies announcing layoffs

The data suggest that 2023 is firmly on pace to surpass 2022 for global tech redundancies, with 470 tech companies laying off 127,164 employees since the start of the year. Last year, 1,024 tech companies laid off a total of 154,336 employees, according to Layoffs.fyi.

In late February, citing three people familiar with the matter, the New York Times reported that Twitter laid off another 200 employees, equal to about 10% of the roughly 2,000 people still working at the company. MarketWatch has reached out to Twitter with a request for comment.

Now read: Snowflake plans to hire 1,000-plus workers this year as other tech companies cut

A host of tech companies, including Palantir Technologies Inc. (PLTR), Twilio Inc. (TWLO), DocuSign Inc. (DOCU), Salesforce Inc. (CRM), SAP (SAP.XE), Zoom Video Communications Inc. (ZM), eBay Inc. (EBAY), Dell Technologies Inc. (DELL), PayPal Holdings Inc. (PYPL), International Business Machines Corp. (IBM), Intel Corp. (INTC), Microsoft Corp. (MSFT), Spotify Technology (SPOT) and Google parent Alphabet Inc. (GOOGL)(GOOGL) have announced job cuts in 2023.

In a blog post in January, Alphabet and Google CEO Sundar Pichai described the layoffs as "a difficult decision to set us up for the future."

Related:Marc Benioff reminds Wall Street that 'this isn't my first recession,' saying Salesforce's activists 'made a lot of money today'

Alphabet expanded to meet demand during the pandemic era but was later confronted with a different economic situation, Pichai said. "Over the past two years we've seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today."

Additional reporting by Ciara Linnane.

-James Rogers

	

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

	

(END) Dow Jones Newswires

March 09, 2023 07:35 ET (12:35 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2023 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2023. All rights reserved.