It's the end of the boom times in tech, as layoffs keep mounting

Enlarge this image

Amazon plans to lay off 10,000 of its corporate and technology employees, The New York Times reported Monday. Michel Spingler/AP

Michel Spingler/AP

For more than two decades, the U.S. tech industry has been a reliable source of booming stocks and cushy, high-paid jobs. In the span of weeks, the sheen has faded and the ax has fallen.

More than 24,000 tech workers across 72 companies have been laid off this month, adding to a total of 120,000 tech jobs lost this year, according to

→ Continue reading at NPR - Technology

More from author

Related posts


Latest posts

CosMc’s: Why McDonald’s is interested in a coffee chain | CNN Business

New York CNN  —  McDonald’s announced on Wednesday that it is piloting a new cafe concept called CosMc’s, which...

‘It’s lending on steroids’: How Buy Now, Pay Later companies are meeting an influx of demand despite higher costs | CNN Business

New York CNN  —  In good economic times and bad, people’s self-control to spend within their means on gifts...

Europe reaches a deal on the world’s first comprehensive AI rules

Enlarge this image The OpenAI logo is displayed on a cellphone...