Jeff Bezos Warns , of Economic Downturn , and Potential Recession.<br />CNN reports that billionaire Jeff Bezos recently warned <br />consumers to consider saving money as the global <br />economy faces a downturn and a potential recession.<br />CNN reports that billionaire Jeff Bezos recently warned <br />consumers to consider saving money as the global <br />economy faces a downturn and a potential recession.<br />In an exclusive interview, Bezos suggested people and <br />businesses consider holding off on purchasing big-ticket <br />items in case there is a prolonged economic downturn.<br />In an exclusive interview, Bezos suggested people and <br />businesses consider holding off on purchasing big-ticket <br />items in case there is a prolonged economic downturn.<br />Take some risk off the table. <br />Just a little bit of risk reduction <br />could make the difference, Jeff Bezos, Amazon CEO, via CNN.<br />At the same time, Bezos suggested businesses <br />avoid any large capital expenses or <br />acquisitions amid these uncertain times.<br />On November 14, the 'New York Times' <br />reported that Amazon has plans to reduce <br />its workforce by about 10,000 workers. .<br />It would be the largest layoff in <br />the e-commerce giant's history. .<br />Previously, Amazon announced a hiring <br />freeze on its corporate workforce.<br />In October, Amazon warned that sales <br />for the last three months of 2022 will be <br />significantly below Wall Street expectations.<br />Amazon stock has dropped over 40% amid<br />surging prices and looming fears of a recession.<br />CNN reports that other business leaders have also <br />issued similar warnings, including Tesla CEO <br />Elon Musk and JPMorgan Chase CEO Jamie Dimon. .<br />CNN reports that other business leaders have also <br />issued similar warnings, including Tesla CEO <br />Elon Musk and JPMorgan Chase CEO Jamie Dimon.
