Amazon layoff signals more pain for tech sector in 2023 amid recession fears

Amazon layoff signals 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, tech companies shed more than … Read more

After food services, Amazon shuts down wholesale distribution business in India

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Amazon is shutting down its wholesale distribution business in India as a part of the annual operating planning review process and cost-cutting measures. The distribution vertical is operated in three cities– Bengaluru, Mysuru, and Hubli. It deals in buying fast consumable products from businesses and distributes them in wholesale directly to local shops like kirana … Read more