Posted by: Bennedict November 15, 2022
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Amazon laying off 10,000 employees this week itself! Some reasons that are coming up are because in the e-commerce department, they spent so much on making all these warehouses and now with customers wanting to go to stores themselves and spend, Amazon is trying to scale back and even lease out spaces they designed as warehouses. Really?
Twitter cutting 3700 jobs
Meta 11000 jobs as said before
Microsoft less than 1000 so far
Salesforce some 100s
Zillow, Snap, Robinhood already laid off 300 employees
Lyft to lay off 13% of its workforce
Intel layoffs coming in Q4, well!
Unemployment claims at 8 years high.
This is quite getting gloomier by day.