|Day's range||2.0900 - 2.2800|
The tech industry could face more layoffs, especially if the economy takes a dive.
Amazon's at a crossroads. After years of no-expense-spared growth, the company's slashing costs wherever it can, CFRA Research Senior Equity Analyst Arun Sundaram told Yahoo Finance Live on Tuesday.
The move comes after workers at an Amazon warehouse in Coventry, central England, had struck work for several days in a dispute over pay earlier this year. "We're listening to Amazon workers and the message is very clear: this new pay rate is an insult," said Amanda Gearing, senior organiser of GMB, the union which represent more than 500 Amazon workers. The union had said the Amazon Coventry workers are demanding 15 pounds an hour to cope with a cost-of-living crisis that has sparked strikes across sectors in Britain over the last few months.