Job cuts and falling shares: how did it all go so wrong for the US tech sector?

Job cuts and falling shares: how did it all go so wrong for the US tech sector?

a year ago
Anonymous $_PGtSJbg8h

https://www.theguardian.com/technology/2023/jan/06/amazon-apple-tesla-elon-musk-job-cuts-tech-sector

As Amazon axes 18,000 roles and Tesla loses 65% of its value, we examine the causes of the glitch hitting Silicon Valley

Amazon announced 18,000 job cuts, Apple’s share price fell below $2tn (£1.7tn) and there was more bad news from Tesla: it has been another tough week for big US tech firms.

Job cuts and falling shares: how did it all go so wrong for the US tech sector?

Jan 6, 2023, 3:30pm UTC
https://www.theguardian.com/technology/2023/jan/06/amazon-apple-tesla-elon-musk-job-cuts-tech-sector > As Amazon axes 18,000 roles and Tesla loses 65% of its value, we examine the causes of the glitch hitting Silicon Valley > Amazon announced 18,000 job cuts, Apple’s share price fell below $2tn (£1.7tn) and there was more bad news from Tesla: it has been another tough week for big US tech firms.