Big Tech tightens belt amid US economic woes ...News

Amazon has frozen hiring, while two other technology companies have announced job cuts Amazon and two other major US tech companies are the latest big names in corporate America to sound the economic alarms, announcing job cuts and other cost-control measures as they brace for “leaner times.” Ride-hailing giant Lyft Inc. revealed on Thursday that it will slash its staffing by 13%, eliminating about 700 jobs. Stripe Inc., a major payments processor, announced a 14% reduction in its workforce, putting around 1,000 people out of work. Amazon, the world’s largest retailer, told employees that it’s freezing corporate h

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Big Tech tightens belt amid US economic woes ...News

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