Thread regarding Amazon.com layoffs

What they got wrong with layoffs

The flurry of high-profile tech layoffs in recent months belies the fact that the unemployment rate for tech workers is around 2.3%. What those companies got wrong — their hiring strategy.

If anyone is interested, here is the article:

https://www.computerworld.com/article/3680448/what-amazon-twitter-meta-and-others-got-wrong-with-layoffs.html
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Post ID: @OP+1jQ0O5Jo

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it's all an illusion. they increased salaries over the covid time and now they have to back out of it somehow - labor costs have gone through the roof

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