Re:Amazon to Lay Off over 17,000 Workers, More Than First Pl...
by A4ET8a8uTh0 on Wednesday January 04, 2023 @10:34PM
(#34255577)
I agree with the rationale overall ( people at helm being worried as a signal ). I try to look for similar clues.
Still, as far as tech goes, for some companies that relied on cheap money, the ride may well be over ( I think of weird products like Peleton, which is a niche product, but was scaled as if it was going to become a thing in every house ). I am not sure it translates to everything going out with a bang.
Today's news were that job market[1] is still fine despite clear attempts to make it employer's market again.
Still, as far as tech goes, for some companies that relied on cheap money, the ride may well be over ( I think of weird products like Peleton, which is a niche product, but was scaled as if it was going to become a thing in every house ). I am not sure it translates to everything going out with a bang.
Today's news were that job market[1] is still fine despite clear attempts to make it employer's market again.
[1]https://www.cnbc.com/2023/01/04/jolts-report-november-2022.h...