Big Tech Is Firing Employees by the Thousands. Why? and How Worried Should We Be?

Big Tech Is Firing Employees by the Thousands. Why? and How Worried Should We Be?

ByNews Polite

Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn’t been dominated by the latest gadget or innovation. Instead, layoffs are in the headlines. In the last year, more than 70,000 people globally have been laid off by Big Tech…

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

ByNews Polite

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,…