Jeff Bezos Warns , of Economic Downturn , and Potential Recession.
CNN reports that billionaire Jeff Bezos recently warned
consumers to consider saving money as the global
economy faces a downturn and a potential recession.
CNN reports that billionaire Jeff Bezos recently warned
consumers to consider saving money as the global
economy faces a downturn and a potential recession.
In an exclusive interview, Bezos suggested people and
businesses consider holding off on purchasing big-ticket
items in case there is a prolonged economic downturn.
In an exclusive interview, Bezos suggested people and
businesses consider holding off on purchasing big-ticket
items in case there is a prolonged economic downturn.
Take some risk off the table.
Just a little bit of risk reduction
could make the difference, Jeff Bezos, Amazon CEO, via CNN.
At the same time, Bezos suggested businesses
avoid any large capital expenses or
acquisitions amid these uncertain times.
On November 14, the 'New York Times'
reported that Amazon has plans to reduce
its workforce by about 10,000 workers. .
It would be the largest layoff in
the e-commerce giant's history. .
Previously, Amazon announced a hiring
freeze on its corporate workforce.
In October, Amazon warned that sales
for the last three months of 2022 will be
significantly below Wall Street expectations.
Amazon stock has dropped over 40% amid
surging prices and looming fears of a recession.
CNN reports that other business leaders have also
issued similar warnings, including Tesla CEO
Elon Musk and JPMorgan Chase CEO Jamie Dimon. .
CNN reports that other business leaders have also
issued similar warnings, including Tesla CEO
Elon Musk and JPMorgan Chase CEO Jamie Dimon.