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Reply to "AMZN guts thousands of engineers in latest layoffs"
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[quote=Anonymous]So I’m no Bezos fan but this is Jassey who is a weak CEO. Amazon, Google and Meta are aging and haven’t had a win in longtime. They’ve approached market saturation and declining market share. The layoffs are all about keeping the stock up. Their only lever to not bleed is to announce layoffs aka operational cost reduction before the next reports. It’s also a mechanism to lower or keep salaries down. During the pandemic and even several years prior, these companies were burning cash with massive hire to keep talent away from competitors. They created a frenzy of insane recruitment offers. They all also obsessively copy each other. [/quote]
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