Amazon lays off 100,000 workers/staff after Netflix & Google

Discussion in 'Wall St. News' started by 2022TheEndGame, Aug 1, 2022.

  1. murray t turtle likes this.
  2. signs.jpg
     
    murray t turtle likes this.
  3. zdreg

    zdreg

    Not true. re: attrition
    By Martine Paris | Bloomberg

    With recession fears mounting—and inflation, the war in Ukraine and the lingering pandemic taking a toll—many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and making rounds of layoffs.

    Amazon.com Inc. was the latest company to discuss its belt-tightening efforts this week. During its quarterly earnings call Thursday, the e-commerce giant said it’s been adding jobs at the slowest rate since 2019. After relying on attrition to winnow its staff, Amazon now has about 100,000 fewer employees than in the previous quarter. Here’s a look at the companies tapping the brakes.
     
    VicBee and M.W. like this.
  4. 2rosy

    2rosy

    Only jobs I see are for below minimum wage work. US is in recession
     
  5. zdreg

    zdreg

    Payment below minimum wage is illegal. Not that it doesn't happen, however I am interested how did you manage to see that situation existing?
     
    VicBee likes this.
  6. Mercor

    Mercor

    There has been a significant drop in employment gains this year

    upload_2022-8-1_8-36-22.png
     
  7. Indian-American CEO shocks US marketplace by firing 900 employees en masse over Zoom

    An Indian-American CEO has caused shock waves and outrage in the American workplace by summarily firing 900 employees in a Zoom call citing difficult market conditions, sloppy productivity and performance on their part despite a $750 million cash infusion into the company from investors.

    https://www.msn.com/en-in/money/top...se-over-zoom/ar-AARwNla?ocid=msedgdhp&pc=U531
     
  8. virtusa

    virtusa

    Of course it is not true as the post is made by a Russian troll. Block him completely.

    The city of Moscow alone lost 200,000 jobs because of the +1,000 Western companies that closed their business in Russia.
    https://www.businessinsider.com/russia-200000-jobs-western-companies-exit-moscow-mayor-2022-4?op=1
    And oligarchs get hit on the chin.
    Russia’s richest have lost $83B this year as Ukraine war sanctions slam economy
    https://nypost.com/2022/03/01/russias-richest-have-lost-83b-this-year-amid-war-sanctions/
     
  9. zdreg

    zdreg

    Your point?
     
  10. Millionaire

    Millionaire


    Thats quite old news, there is video of the zoom call, the CEO was pretty awkward, "the last time i did this, i cried", which i find hard to believe because he comes over as a typical corporate sociopath.

     
    #10     Aug 1, 2022