Amazon leading a tsunami of terrible tech news

Amazon leading a tsunami of terrible tech news

It’s a tsunami of bad news coming from technology.

For two years, the covid-19 pandemic saw the tech sector see at least some growth as the rest of the world came to a standstill. People only interacted through the products and services of tech companies.

Today, the economy is slowing down and the game is changing for the tech sector, but not in a good way. The industry is being hit hard as central banks around the world battle inflation, which is at its highest level in 40 years.

After leaving interest rates near zero, the US Federal Reserve has been raising them since March to crush high prices for goods and services, which have weighed on consumers’ purchasing power.

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