Big Tech has already laid off more than 150,000 workers in 2023. In some ways, it's the same story over and over – these companies are not only all conducting layoffs, they're using a lot of the same strategies to do so. However, just because they're all doing it, doesn't mean they're best practices, experts say.
Yahoo Finance Live checks out AMC shares amid reports that Amazon is considering purchasing the theater chain.
Shares of Amazon (NASDAQ: AMZN) were gaining today, seemingly on rumors that the company was considering a surprising acquisition. According to a report in the entertainment website The Intersect, Amazon founder Jeff Bezos has dispatched advisors to explore an acquisition of AMC Entertainment Holdings, the world's largest movie theater chain. As of 11:28 a.m. ET on Wednesday, Amazon stock was up 2.5%, likely benefiting from broad gains in the market as well, as the Nasdaq was up 1.2% at the same time.