Why layoffs are spreading

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Big Tech layoffs are dominating the headlines. In 60 seconds, why it’s happening — and it’s not just fears of a recession.

41%

That’s how much Prime Day sales may have dipped this year, ouch. But a softer showing doesn’t mean there weren’t great deals. Shoppers are just choosier these days (recession brain is real). Essentials won, splurges lost, and flashy new features couldn’t quite save the cart.