Amazon is set to lay off around 10,000 employees, according to multiple reports Monday, which would mark the company's biggest round of job cuts ever — though a small fraction of its headcount., as the industry adjust to a world of rising rates, falling demand and a hangover from over-hiring during the boom.
Amazon's core business of selling stuff has been slowing this year, as folks are spending less time at home, Axios's Hope KingAxios has reached out to Amazon to confirm the reports. TheIncluding today's announcement, there have been more than 30,000 employees cut from the sector just in November — blowing away the numbers in April and March 2020.
They are getting what they deserve. Twitter employees were getting 400 dollar lunches. They were working 4 hours a week. They don't deserve min wage, much less the lavish pay they were given.