Tech Industry job layoffs looking scary

JT-Money

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lib123

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Amazon hired like crazy during the pandemic but 30K is still about 10% of their corporate workforce. That is VERY sizeable

I Imagine the 30K employees were/are earning at least $200K all in. I predict we’ll soon start seeing a softening in consumer spending at the top end of the income ladder…

I wonder what was the age breakdown of the layoffs?
 

Apollo Creed

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It's only a matter of time before we see a Luigi inspired incident in tech instead of healthcare.

We will become like South Africa where much of utilities and public services become privatized. Look for a spike in Private Security replacing "cops" as local funding decreases due to lack of tax revenue.
 

JT-Money

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We will become like South Africa where much of utilities and public services become privatized. Look for a spike in Private Security replacing "cops" as local funding decreases due to lack of tax revenue.
The money can easily be collected via tax increases once Democrats regain power. If you don't have any tax sheltered investments your screwed because taxes are going up a lot.

Governments are likely to pillage the $80 trillion ‘Great Wealth Transfer’ to fund their national debt, says UBS​

 

thenatural

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What's the perception you've seen on gaps in unemployment? Personally, I've witnessed it depends on the company need and then person's explanation, but it seems like a quicker reason for elimination. I come from an electrical background with the majority of my time in aerospace, so it's not easy. I'm just wondering what other people are hearing, especially with the market being this tough.
 

Pazzy

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We will become like South Africa where much of utilities and public services become privatized. Look for a spike in Private Security replacing "cops" as local funding decreases due to lack of tax revenue.

You see it. Its not just a US thing. Its WORLDWIDE. ask yourself. Why is that?
 
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