And they say we are not in a recession.
It’s a 0.7% layoff. Not even a whole percentage point.
Amazon is said to plan to lay off thousands of employees
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Re: Amazon is said to plan to lay off thousands of employees
#12Re: Amazon is said to plan to lay off thousands of employees
#1310 000 out of 1 500 000
1,500,000 includes all the hourly workers but my understanding is that the 10,000 is corporate. Still only 3% of corporate workers which is less than they pip every year
Re: Amazon is said to plan to lay off thousands of employees
#14And they say we are not in a recession.
Probably we are in for a prolonged stagnation, but even after 11,000 layoffs last week, Meta’s employment level is on par with early 2022, hardly a massive reduction historically.
Re: Amazon is said to plan to lay off thousands of employees
#15Re: Amazon is said to plan to lay off thousands of employees
#16There has been a lot of talk about a correction coming and a bubble bursting specifically in tech for years now. Is this it?
Re: Amazon is said to plan to lay off thousands of employees
#171.6 million counts warehouse employees. Retail and Alexa corporate employees is probably 100k
Re: Amazon is said to plan to lay off thousands of employees
#18There has been a lot of talk about a correction coming and a bubble bursting specifically in tech for years now. Is this it?
If so it’s very mild so far
Re: Amazon is said to plan to lay off thousands of employees
#19Re: Amazon is said to plan to lay off thousands of employees
#20This is just the latest round of cuts at Amazon: "From April through September, it reduced head count by almost 80,000 people, primarily shrinking its hourly staff through high attrition."
Also: "Amazon froze hiring in several smaller teams in September. In October, it stopped filling more than 10,000 open roles in its core retail business. Two weeks ago, it froze corporate hiring across the company, including its cloud computing division, for the next few months."