Amazon’s Massive Job Cuts Hint at More Pain for Tech Sector in 2023 Amid Recession Fears

Amazon’s Massive Job Cuts Hint at More Pain for Tech Sector in 2023 Amid Recession Fears

The massive job cuts by Amazon, one of the biggest private employers in the US, show the wave of layoff sweeping through the tech sector could stretch into 2023 as companies rush to cut costs, analysts said on Thursday. As a demand boom during the pandemic rapidly turns into bust,…