The Federal Reserve is raising its key interest rate by 0.25% continuing its crusade against inflation while warning that recent instability in the banking sector could weigh on the economy. This is their ninth consecutive rate hike and has raised the benchmark federal funds rate to a range of 4.75% to 5%. Fed officials said […]
Amazon CEO Andy Jassy has announced that job cuts at the e-commerce industry leader will continue into 2023. Andy Jassy stated, “Our annual planning process extends into the new year, which means there will be more role reductions as leaders continue to make adjustments. Those decisions will be shared with impacted employees and organizations early […]
In an announcement to its employees, Salesforce has said that it will be cutting about 10% of its workforce and reduce its real estate footprint. This will make Salesforce the latest tech company slashing their expenses during this period of economic uncertainty. In the letter; CEO Marc Benioff, admitted to growing the headcount more than […]
