The gaming industry has seen over 7,800 employee layoffs this year, already more than half the 2023 total. With gaming giants Sony (SONY) and Electronic Arts (EA) making the latest round of layoffs, investors wonder whether the sector may be reaching a breaking point. Yahoo Finance tech editor Dan Holwey joins the Live show to share drivers of the layoffs, comparing these developments to 2023's tech industry layoffs. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
The latest trading day saw Amazon (AMZN) settling at $178.22, representing a +0.83% change from its previous close.
Amazon's new "inbound placement" and low-inventory fees have sellers rattled—and questioning how they'll survive.