Reply To: Amazon the Latest in Huge Tech Layoffs, Just the Start or A Healthy Rationalization?

#51040
Truman
Participant

According to tracking website “layoffs.fyi,”

Over 150K tech workers were fired in 2022, and that number is poised to grow this year.

Companies in the industry that have shed employees include Airbnb (ABNB), Booking Holdings (BKNG), Carvana (CVNA), Cisco (CSCO), Groupon (GRPN), HP (HPQ), Lyft (LYFT), Meta (META), Netflix (NFLX), Peloton (PTON), Twitter, Uber (UBER) and Zillow (ZG).

Note $AMZN has 1,544,000 employees, laying off 18,000. 1 tenth of a percent. .001 ‘headlines’fear!

Bloated payrolls of $META and $CRM clearing house