Latest Posts

Screen Shot 2025-08-08 at 11.36.08 PM

Pre-concert bites in Araneta City: Energy boosters before a show! 

Screen Shot 2025-08-08 at 11.26.14 PM

Taste the flavors of ASEAN at Araneta City

Screen Shot 2025-08-08 at 6.25.00 AM

Savor the Season with Our Late-Summer Offers

“Hold Onto Your Money”: Jeff Bezos Warns About Possible Recession; Advises People To Avoid Unnecessary Spending

313481446_464932129101546_6230795043323940415_n

SHARE

In a recent CNN Interview, Jeff Bezos warned people of an upcoming recession. Expensive automobiles and television, which are examples of high-ticket items, shouldn’t be bought in the meantime, according to the business mogul.

Photo from Reuters taken by Paul Ellis

For Bezos, the impending disaster for many Americans can be remedied by preventive action. “If you’re an individual considering to purchase a big-screen TV, you might want to wait, hold onto your money, and see what transpires. The same is true with a new automobile, refrigerator, or whatever else. Just remove some risk from the equation.” 

“The economy does not look good right now. Things are slowing down. You’re seeing layoffs in many many sectors of the economy,” the tycoon underscored.

Photo from Reuters taken by Joshua Roberts

He observed that things look dismal for businesses and that there is a financial downtrend, so it’s better to be on the safe side. “Take some risk off the table, keep some dry powder on hand…just a little bit of risk reduction could make the difference for that small business, if we do get into even more serious economic problems. You’ve got to play the probabilities a little bit,” said the self-made billionaire.

It can be recalled that ass early as last month, the tech heavyweight had already warned his Twitter followers about a possible recession. Around the same time, fellow billionaire Elon Musk also made a similar statement regarding being in the middle of a global economic slowdown.

Photo from Reuters taken by Gus Ruelas

However, the Amazon founder’s advice has been criticized by some news content creators, like The Young Turks, which reminded people of the allegations against Bezos regarding the poor working conditions at Amazon warehouses. Tamanna Inamdar, senior editor of ET NOW, put the fourth richest man in the world’s financial advice into context, and said that it’s interesting for her because: “For one, he’s just sacked thousands of people in one of the biggest layoffs that Amazon has ever seen.”

Meanwhile, Jeff Bezos also revealed that he does plan to give away all of his assets in his lifetime. “It’s not easy. Building Amazon is not easy. It took a lot of hard work, a bunch of very smart teammates,” he said.

Photo from Reuters taken by Richard Brian

It is important to note that Amazon is among the top 5 companies in the U.S. tech COS (class of service) when it comes to layoffs in 2022. Meta comes in first after it laid off 11,000 people, while Amazon is a close second at 10,000. Tencent, which is behind major social media messaging apps such as Weibo and WeChat, comes in third for laying off more than 5,000 people. The newly acquired Twitter, Inc. of Elon Musk has laid of over 3,500 workers to date. Seagate, a giant in the hard drive business, laid off about 3,000 people.

*Cover Photo/Thumbnail Photo from Reuters taken by Richard Brian

RELATED ARTICLES

Screen Shot 2025-08-08 at 11.36.08 PM

Pre-concert bites in Araneta City: Energy boosters before a show! 

The month of August has just begun but Araneta City’s weekend is already bustling with an exciting line up of shows, from Super Divas: The Concert,...
Screen Shot 2025-08-08 at 11.26.14 PM

Taste the flavors of ASEAN at Araneta City

Southeast Asia isn’t just a region—it’s a rich tapestry of cultures, histories, and cuisines. From street-side hawker delights to elevated takes on heritage dishes, the...
Screen Shot 2025-08-08 at 6.25.00 AM

Savor the Season with Our Late-Summer Offers

ELEVATE YOUR STAY Make your stay with us extra memorable by booking a room or suite with access to our Gallery Club Lounge. Along with...
bible 1

Learning to Wait Well: Faith in Delayed Seasons

Waiting. It’s a word that often feels like a quiet ache, especially in seasons where prayers seem to echo unanswered. Yet for believers, waiting is...
appearance

Did This Viral Video Capture a Glimpse of Heaven?

Something strange is happening in the skies—and people around the world are starting to ask the question: Did we just witness a glimpse of Heaven?...
game

Get to know Amon the Forgeknight, one of the all-new Vault Hunters in Borderlands 4!

2K and Gearbox Software shared the Gameplay Overview for Amon the Forgeknight, the third in a series of introductions to the four all-new Vault Hunters...
Screen Shot 2025-08-08 at 11.36.08 PM

Pre-concert bites in Araneta City: Energy boosters before a show! 

The month of August has just begun but Araneta City’s weekend is already bustling with an exciting line up of shows, from Super Divas: The Concert,...
Screen Shot 2025-08-08 at 11.26.14 PM

Taste the flavors of ASEAN at Araneta City

Southeast Asia isn’t just a region—it’s a rich tapestry of cultures, histories, and cuisines. From street-side hawker delights to elevated takes on heritage dishes, the...
Screen Shot 2025-08-08 at 6.25.00 AM

Savor the Season with Our Late-Summer Offers

ELEVATE YOUR STAY Make your stay with us extra memorable by booking a room or suite with access to our Gallery Club Lounge. Along with...

Don't Miss

jesus 2

Did You See This? Jesus-Like Image Forms in Clouds After Mass in Naga, PH

jesus 1

They Thought It Was Jesus… But Was It Something Else?

israel 1

Why Supporting Israel Isn’t Optional Anymore: The Reality from Tel Aviv

Screenshot

Support Israel: Key Contact Numbers and Websites