Keywords: Technology sector


Amazon announces the elimination of nearly 16,000 jobs

U.S. technology giant Amazon announced on Wednesday a major workforce reduction, revealing plans to cut close to 16,000 positions as part of a broader organizational overhaul. In an official statement, the company explained that the decision aims to streamline its internal structure by reducing management......

AI market slide deepens as profitability and infrastructure challenges unsettle investors

Global investors are retreating from artificial intelligence stocks as anxiety mounts over extreme valuations, rising capital costs, and questions about whether massive infrastructure spending will yield sustainable profits. The market correction, which began earlier this month, has intensified across......