If you’re an Amazon employee, there’s a good chance you’re paying attention to the holiday shopping season.
Amazon, the world’s largest online retailer, is expected to report third-quarter earnings Wednesday.
The company reported its biggest quarterly loss in nearly a decade.
The holiday season is an ideal time for tech startups to rake in holiday money, but the holiday season has also been plagued by economic hardship for the past several years.
Last year, tech companies saw a combined $1.3 trillion in losses and millions of jobs lost as a result of the recession, according to a recent report from the Economic Policy Institute.
In the past, the holiday industry has grown, but many tech companies have experienced declining revenues and layoffs.
The tech industry was hurt even more in the years before the recession by the downturn in the stock market, the financial crisis, and other economic factors, according a report from Gartner.
Gartner said that as a percentage of its total revenue, tech was a “disaster” in 2017.