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.
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It would be the largest layoff in the e-commerce giant's history.
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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.
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CNN reports that other business leaders have also issued similar warnings, including Tesla CEO Elon Musk and JPMorgan Chase CEO Jamie Dimon.
