Amazon’s warehousing capacity now has exceeded its demand, according to company executives. REUTERS
The technology industry, which powered the U.S. economy during the pandemic and grew at tremendous scale during a decade of ultralow interest rates, is confronting one of the most punishing stretches in years.
Global powerhouses and fledgling startups are feeling pain from a variety of economic, industry and market factors, spawning postpandemic turbulence in e-commerce, digital advertising, electric vehicles, ride-hailing and other segments.
Companies that emerged as job-creating juggernauts in the past two years — collectively adding hundreds of thousands of workers to their payrolls in engineering, warehouse and delivery…
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