Re:Amazon to Lay Off over 17,000 Workers, More Than First Pl...
by weatherlite on Wednesday January 04, 2023 @11:23PM
(#34255925)
> but it hasn’t hit Amazon pocketbook now, has it? Are they in danger of running out of money?
Stock price crashed. This effects the bonuses/equity of a bunch of employees, some of whom are on the executive levels. Cutting on employment is a very effective method to raise profits and help the stock price. It sucks but that's what the market (investors) like. This is just capitalism ...we've all signed up for this (I guess?).
Stock price crashed. This effects the bonuses/equity of a bunch of employees, some of whom are on the executive levels. Cutting on employment is a very effective method to raise profits and help the stock price. It sucks but that's what the market (investors) like. This is just capitalism ...we've all signed up for this (I guess?).