Job cuts and falling shares: how did it all go so wrong for the US tech sector?

Amazon announced 18,000 job cuts, Apple’s share price fell below $2tn (£1.7tn) and there was more bad news from Tesla: it has been another tough week for big US tech firms. But this has not been a one-off. The ongoing drama at Twitter since its takeover by Elon Musk in October has taken place against a backdrop of global economic uncertainty, retrenchment from aggressive expansion plans and China’s disruptive transition from Covid lockdowns to rocketing case numbers as restrictions ease.
Read more: https://www.theguardian.com/technology/2023/jan/06/amazon-apple-tesla-elon-musk-job-cuts-tech-sector?source=Snapzu