Tech Is Laying Off Tons of Workers: Here's What That Means for the Rest of Us

The latest: Amazon is gearing up to lay off about 10,000 employees.

The tech industry is in the midst of a major layoff crisis, with thousands of workers being let go each week.

This is having a ripple effect on the rest of the economy, as these workers are now unemployed and will force the economy to slow down by not being able to have the same purchasing power they once had.

The rise in unemployment will lead to more bankruptcies & foreclosures, as people can no longer afford to pay their bills.

This is further slowing down the economy, as consumer spending decreases and businesses suffer.

The tech layoff crisis is just one symptom of a larger problem: Global Recession is Here.

We are in the midst of the biggest recession of our life time, and it's only getting worse by the week.

Job seeker confidence is down significantly from earlier in the year.

Crypto has already seen big cuts this year, but more are surely on the way in the wake of the FTX bankruptcy filing.

If you have lost your job, you may be feeling lost, scared, and alone.

The Law Offices of Omar Zambrano can help.

We offer a Free Consultation to discuss your financial problems by calling us at 626-338-5505.