The US tech industry lays off 140,000 employees amid a wave of layoffs.

According to reports, Amazon is one of the companies with the largest scale of layoffs in this wave. In January this year, Amazon announced the layoff of 16,000 employees. Three months prior, the company had already announced 14,000 job cuts. The two rounds of layoffs account for about 9% of the company's total workforce. Amazon's CEO warned that in the coming years, artificial intelligence will significantly improve efficiency. On the other hand, the company also needs to reduce hierarchical layers to maintain agility and respond quickly to changes. In addition to Amazon, Meta has announced multiple rounds of layoffs this year, with the most recent in May involving 8,000 employees, which is 10% of its workforce. In addition, major technology companies such as Oracle and Cisco have also joined the ranks of layoffs.