E-commerce giant Amazon is planning to lay off around 10,000 employees in corporate and technology jobs as soon as this week. The job cuts will affect people in Amazon's devices org, including Alexa.
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Meta has announced that it will be laying off more than 11,000 of its employees. The mass layoffs are part of the company's transition to become a leaner and more efficient company.
Sony is raising the prices of its latest gaming console, the PlayStation 5, citing challenging economic conditions such as high global inflation rates and adverse currency trends.
Among the people who received a presidential pardon ahead of the annual Liberation Day this year is Samsung's Vice President, Jay Y. Lee. The pardon was allegedly given to help the economy.
