Amazon layoffs?

austard

Michael Peterson status
Nov 12, 2009
1,991
1,421
113
State of Grace
I hope the IRS is a receipient of his benevolence...

Prior to any exotic restructuring of his personal affairs...
 

Pico

Duke status
Aug 20, 2010
21,860
6,677
113
SUP Nation
The started selling books on the interwebs. How ironic I wouldn't put much stock in his opinion
 

Bayview

Billy Hamilton status
Dec 21, 2009
1,705
1,139
113
NJ
I’m not really tracking in this one. Why is this political?

there’s a lot of companies laying off people.
 
  • Like
Reactions: CutnSnip

Subway

Administrator
Staff member
Dec 31, 2008
13,584
10,385
113
LBNY
From a purely business sense, for Bezos and Amazon, its been mostly a decades-long winning streak. To hear them even with a minor hiccup becomes newsworthy in a way
 
  • Like
Reactions: grapedrink

StuAzole

Duke status
Jan 22, 2016
28,695
9,948
113
Thousands of employees is a lot.

It’s just the other side of the great Covid expansion at Amazon.
 

$kully

Duke status
Feb 27, 2009
60,420
17,344
113
Amazon, Twitter, Meta, Stripe and FTX. Lots of layoffs and downsizing happening. Are we watching another bubble burst in real time?
 
  • Like
Reactions: npsp and john4surf

grapedrink

Duke status
May 21, 2011
26,345
15,131
113
A Beach
Amazon, Twitter, Meta, Stripe and FTX. Lots of layoffs and downsizing happening. Are we watching another bubble burst in real time?
All of these companies had to expand and hire like crazy during the pandemic. They were losing money by not being able to fulfill demand at that time. As demand tapers off, stocks trend down and inflation goes up it's expected that all of these companies will trim the fat.