The Dow Jones rose Thursday after a surprise drop in first-time jobless claims. Block shares plunged 22% after a short seller report. Read More...
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Leaked Documents Show Amazon Made an Enormous Mistake
The last year has seen a large number of job layoffs in the technology sector. Major companies like Salesforce, ESPN, Microsoft, Google, and Meta Platforms have all announced cuts to staffing — a move that has been largely attributed to the rapid growth of online tech during the covid-19 lockdown. Amazon is one of the biggest companies announcing waves of job cuts — in January, the company let go of more than 2,300 employees in the payments, health care, human resources, robotics, and web services departments.
