Friday, 24 March, 2023

Many Companies Have Announced Major Layoffs And Hiring Freezes

<p>Amazon.com Inc. and Salesforce Inc. each introduced plans for layoffs. The job cuts at Amazon, the most important within the tech sector to this point, have an effect on greater than 18K staff primarily within the retail, recruiting and gadgets companies. The rise of giant tech corporations helped maintain a greater than 10-fold improve within the tech-heavy Nasdaq Composite Index. That progress ended final 12 months, when the index fell 33%, its worst 1 year since 2008.&nbsp;</p> <quillbot-extension-portal></quillbot-extension-portal>