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A comment on Amazon to Lay Off over 17,000 Workers, More Than First Planned. Parent comment

Re:Amazon to Lay Off over 17,000 Workers, More Than First Pl... by colinmorelli on Wednesday January 04, 2023 @08:47PM (#34254824)
Tech has been one of the most affected by the grow at all costs mentality that is untenable when capital is not essentially free.

In other words, tech saw the largest and fastest inflationary valuation period in decades under loose fed policy. It’s now seeing a similarly fast contraction.

The reason we’re not seeing similar cuts across the board (or at least as significant) is that they also didn’t grow as significantly in the years prior.

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Re:Amazon to Lay Off over 17,000 Workers, More Than First Pl... by dkrich on Wednesday January 04, 2023 @08:54PM (#34254869)
That’s true and a lot of enterprise customers are similarly cutting spending in anticipation of the recession which I’m sure is having impacts on these companies now. But again I believe that is based on fear as opposed to a strict need to cut spending.
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