And so it continues …..
Tech companies shedding jobs by the thousands…..
I Have Been say saying here the Labor Dept. ‘Good’ jobs reports was Bull Shit….
Said that with Musk cutting 7,500 jobs….
Said that with Apple and Google saying they will slow hiring….
Recession IS here folks…
Feds just don’t want to admit it….
And the Fed is just whistling as they KEEP making money borrowing more expensive …..
Amazon plans to lay off approximately 10,000 people in corporate and technology jobs starting as soon as this week, people with knowledge of the matter said, in what would be the largest job cuts in the company’s history.
The cuts will focus on Amazon’s devices organization, including the voice assistant Alexa, as well as at its retail division and in human resources, said the people, who spoke on condition of anonymity because they were not authorized to speak publicly.
The number of layoffs remains fluid and is likely to roll out team by team rather than all at once as each business finishes plans, one person said. But if it stays around 10,000, it would represent roughly 3 percent of Amazon’s corporate employees and less than 1 percent of its global work force of more than 1.5 million, which is primarily composed of hourly workers.
Amazon’s planned retrenchment during the critical holiday shopping season — when the company typically has valued stability — shows how quickly the souring global economy has put pressure on it to trim businesses that have been overstaffed or underdelivering for years….