Co-Founders John Zimmer and Logan Green blamed inflation and a slowing economy in a staff memo,Stripe, the e-commerce payment processor, said Thursday it would lay off around 14% of its workforce.
It said its management greatly overestimated the internet economy’s near-term growth, and underestimated the impact of a broader slowdown.to employees. "We are facing stubborn inflation, energy shocks, higher interest rates, reduced investment budgets, and sparser startup funding."that it planned to cut 12% of its 1,300-person workforce.for new hires across its corporate workforce, telling employees that the economy is "in an uncertain place.
"We’re facing an unusual macro-economic environment, and want to balance our hiring and investments with being thoughtful about this economy," Amazon HR chief Beth Galetti wrote in a memo, published by CNBC.These announcements continue to stand in contrast to data that suggests the labor market remains strong, despite the Federal Reserve's aggressive tightening efforts.
Color me shocked...
But Joe Biden told me the economy is great
What is that called hacks ?
Recession
GeraldoRivera want to rant about these layoffs or nah?
I thought everything was great?
Wow. The Biden recession is getting worse. Will it become a historical depression?
Let’s Go Brandon!
Whoa, wait one minute. I have been reliably informed that the economy is fine.
Concerns? Now there are concerns? I guess after the republicans take the house and senate Tuesday you will finnaly say we are in a recession Wednesday?
But Biden says we aren’t in a recession, at least not until the mid terms are over.
Amazon announced a hiring freeze 7 weeks before Christmas. Going to be a rough holiday season for prime members holiday shopping
Is mini Fox now? MuellerSheWrote JoJoFromJerz
Welcome to the world that the non-laptop class has been living in since the Covid lockdowns. Many people lost their businesses.
Lol I bet most of the employees in these companies worked hard to get vile Democrats elected, going to degenerate levels of depravity in doing so. Now it's coming back to haunt them. Hope they learn their lesson and vote Trump next election. Remember 2019, when everyone had 💰?
“Citing concerns about the economy” is an odd way of saying “protecting our profits.”
Biden’s America It’s going to get way worse
So we should blame elonmusk and not JoeBiden - right, leftist axios?
😂😂😂😂
JoeBiden this is your fault
“Concerns about the economy”… do they know people losing their jobs will actually make it worse? Or did they mean to say “concerns about our profits”
Recession
Are we allowed to start calling it a recession yet? Because it's been one for a few months now. Or will calling it a recession cause Biden to send the FBI to my door for misinformation? I bet you they allow us to call it a recession shortly after the Republicans win the midterms.
Hey media is it a recession or no
Lyft has tgeir doirs locked in Phoenix tonight
3 syllables. Re. ces. sion.
Oh well Biden is telling his donors in California we are going to free Iran .. is he sending troops there Can we get the media to follow up on Biden’s statement
Reminder: this is due to the incompetence of JoeBiden & TheDemocrats! 🤡