The tech industry could face more layoffs, especially if the economy takes a dive.
CFRA Research Senior Equity Analyst Arun Sundaram joins Yahoo Finance Live to discuss Amazon’s additional job cuts, cost-cutting efforts, tech sector gloom, and the outlook for Amazon.
Amazon.com Inc's palm-scanning or cashier-less checkout technology is in more than 200 establishments in and outside the company, a vice president told Reuters. The e-commerce and cloud-computing giant is widening deployment of its contactless technology with existing customers, Vice President Dilip Kumar said in an interview. Amazon declined to provide growth figures, but in June 2022 the company said more than 69 locations in the U.S. and UK had such technology.