"Tech Giants Google and Amazon Announce 2024 Layoffs, Impacting Hundreds"

Google and Amazon have announced layoffs in their engineering, hardware, and entertainment divisions as they seek to cut costs and refocus on artificial intelligence. The tech industry has been experiencing waves of layoffs since 2022, with companies firing tens of thousands of workers due to higher interest rates and a focus on profitability over growth. The layoffs have impacted Silicon Valley and led to a drop in start-up funding, but the industry is also investing in artificial intelligence to take advantage of consumer interest in new technology.