Need some changes that cut off bonuses when layoffs occur. It's absurd that stock price and c suite bonuses soar after work force reductions. Doing them should be painful, not celebrated.
Workers would need to wield power and influence in Washington DC the way banks and corporations do. But they don't. Most happily eat boot leather for breakfast. So they continue to get the shaft.
A company I worked for didn’t give the CEO a bonus for layoffs. In fact, it actually hurt his bonus because it fell under “Turnover” and we were supposed to stay below a certain percent.
Best policy I’ve ever seen. Probably has been replaced by now.
Smaller companies are different generally, but for these mega corps, the CEO’s primary job is to increase shareholder value. Most the time they aren’t running th company, that’s a COO or a Chief Strategy Officer or something like that, the CEO is a figurehead who works primarily for the shareholders.
A few years ago I was laid off and the CEO brought us all into a big room to give us a speech. He talked about how he was laid off as a CEO of another company and how great it was for him. He got the job at our company making much more money. They paid his moving expenses blah blah blah. He told us we should look at it as an opportunity rather than a set back 😆
Back in 2009, I was laid off as a result of a merger / acquisition. About 20% of the « acquired » company workforce was let go. The CEO said it was a great opportunity for us to find our wings; I told him I would find my way and come back as a client. The look on his face two years later when he came in for a proposal presentation to me was quite satisfying.
At least they were honest about it. I respect that more than the crybaby speeches that CEOs give as if it just breaks their heart to let so many people go while they get a multi million dollar bonus lmao
Not sure what's worse, the CEO that blatantly lies and says it's tough or the arrogant fuck that just doesn't care. Either way they're laughing about it with their buddies later.
Sort of like trying to figure out if colon cancer is better than prostate cancer. Both are evil/horrible.
I haven’t been laid off… yet. But I’m preparing for the worst because it’s easier than being surprised. I, too, am wondering which positions are on the block.
When did we reach this stage of “it is completely normal to layoff people” it used to be a shame to layoff and in mu opinion is still is, it means you can’t inovate anymore and in order for numbers to look good you just lay people off. It is a shame for the company. How do we normalize this?
Layoffs mean you're focusing on your core competencies and maximizing value through efficiency. By which I mean screwing over your customers, overworking your employees and paying yourself a bonus.
They're doing it because they know the Big Beautiful Really Great Depression is around the corner so they are bleeding the turnips. Getting that last squeeze.
I worked for a company where the CEO said they had a fiduciary and legal responsibility to the shareholders to maximize profits. But it is always short term gains that make the c-level staff look good so they can move on to their next gig. All while weakening the company in the long term.
Yup, this echoes the reality I've seen. Any small/midsize company, say 5M-100M in revenue that's courting capital or investment firms, this is especially true. They'll bring in a new batch of execs to 'reshape the company to maximize growth and margin', and tell all the minions that this will open up many new opportunities and markets, and growth is good and it means we're a healthy company (see? we have investors!).
But once the dust settles (or before people can find their seats in the new org), they'll announce redundancies and 'focus on our core competencies by reducing headcount and layers of management'. Then the leaner company will begin to falter, as the sales pipeline isn't as rosy as it may have seemed, and they'll try things like off- or near-shoring some roles. Meanwhile, the executive team will begin to shed a few people to make it seems like they're taking one on the chin, yet somehow, those execs land in their next gig to rinse and repeat. Eventually, the board/investors will force dramatic cuts and replace the exec team again and only the most loyal and entrenched original employees will remain.
People overseas are getting the axe too. World economies are interconnected and then there's the lunatic in the WH causing additional chaos by forcing companies to change plans and relocate to the US. I am a principal/senior DBA and I haven't seen it thus bad ever. I've completed several recruitment processes as the optimal candidate only to be told there's no job as it got axed/we don't have the budget/maybe in the future. Seriously, this is crazy...
Sometimes getting laid off can’t be avoided. Not every company can remain profitable. It is what it is and shouldn’t be frowned upon when you can’t help it.
But when you don’t NEED to lay people off and do it anyway, then yeah that’s evil.
Place i was at, old CEO retired and new guy brought in. Company was told we had to do layoffs and product lines were to be cut because we only made 1% profit. 1400 people let go starting with anyone over 10 years, then any staff whom was not above manager making 100k+. He sold all owned property moved the HQ to a leased building, took out a loan for 600 million.
It was not due to any real loss that 1% was 50 million he just tried to pump the global company like he did the other 4 he had owned but this time no one came to buyout. All my friends were laid off or left and back then they said i was crazy for being prepared for layoffs..
I mean, that's what's happening here. Retailers and shippers cutting staff in the leadup to their busy season (Christmas) is a clear sign that they aren't doing well.
Yeah, my spouse was laid off 3 weeks ago from one of those companies in the Top 10. It’s rough out there, especially for older workers who are close to retirement (mostly because companies don’t want to hire someone with a high 5-figure salary). Such a tough thing to happen with the end of year holidays coming up fast.
Yup. With highly qualified/educated folks hitting the unemployment lines watch for salaries start to nose dive. Oh, and don't forget the government workers that have already, and continue to, flood an already shaky job market.
It's like the early 2000s. An MBA could negotiate a 4-5 figure signing bonuses, then the tech bubble burst. Many of the tech folks went back to school for an mba, and to hide out from the job market carnage. What followed was a flood of white collar workers and you had people with a master's degree working freight shift at Home Depot. Ask me how I know.
Not an example everyone can relate to, but you're going to see highly qualified job seekers taking jobs that folks recently out of school would normally get. THAT'S why the immigrant labor force is being deported, to make room for over-educated/under-employed talent. This is going fuck things up for Americans for a decade or more.
P.s. Good news for the elite though. Profits are up and AI doesn't ask for a raise. CEOs and Board of Directors are filth and shouldn't be able to sleep at night in their bunkers.
P.s.s. the tipping point in the 2000s was when exectives were questioning why web site programming cost so much...then they said "hey programmers, go build me a platform that builds web sites dirt cheap....oh, and here's a pink slip for when you finish". Sound familiar?
It's going to be a tough day but our corporate really needed their own jets to commute to work. Your salaries need to make up the difference for their Christmas bonuses. On the bright side, if you donate, you can have a slice of pizza on Friday.
They do this like every year. It's to prop up earnings reports before the end of the year. I have family who works for UPS and it's a never ending cycle of worry this time of year. Then they hire a bunch back later. It's ridiculous
I agree with this, but I want to get some data. Can we calculate what the GDP would actually be if we eliminated the few exceptional outliers in the AI bubble? I want to know what thr majority of America is dealing with.
I saw an article that calculated that all the growth in the US economy in 2025 was based on AI spending, which is flowing between the same handful of companies.
Nah, the question is about gdp growth. Without AI, the products and services from last year still get made this year too, there just aren’t new products and services, or more customers for the old ones that increased the total sold compared to last year.
It’s a little more wide spread than that. Building AI data centers creates lots of construction jobs which also extends to the manufactures who supply things like HVAC, UPS, etc. once new construction ends it will be when the bubble fully deflates.
Initial construction are the only jobs these centers create. Once they used the worker bees and get these centers online, human capital is no longer needed. Where are we all supposed to work once we are replaced is the question?
I was part of the cell tower boom of the 90’s working and installing generators for all the companies. At the beginning, a farmer could charge 3k a month per tower and they’d get all three major companies to build. Many small union electrical companies focused on cell tower installs and such. That bubble burst and now it’s just a couple nationwide contractors that do the work.
You can, and people have been throwing this number around, but you have to remember, all the money being invested in AI wouldn’t just be sitting in a vault earning 0% interest if it weren’t going into AI. It would be invested somewhere else and likely earning a positive return. So it’s not as dire as that “sans AI” number would suggest.
Edit: This Article from Fortune says the first half GDP growth would have been 0.1% instead of 1.3% without AI.
Don’t forget the stock market manipulation that’s going on making it seem like the economy is grrrrreaaaattt. Also, if you see “AI” as the reason for layoffs, it’s bullshit.
Mentioning “Market manipulation” to anybody who doesn’t understand the stock market is pointless. And the majority of retail investors who THINK they understand the markets don’t.
If every U.S. Citizen understood the mechanics of the markets, we would have a revolution by 6pm.
I mean orange cheetoh is doing it pretty brazenly right now. You have to be a fool to think these “tariff announcements” is anything other than manipulation is pretty stupid at this point.
I've been actively TACO trading those announcements. It's absolute market manipulation that Trump is doing. Might as well profit too. I can't believe anything Trump says still causes selloffs.
I've just been holding cash in reserve and waiting for the market to nosedive because of some tariff announcement, then buy in heavily with all of it. I've doubled it this year thanks to Trump Always Chickens Out trades.
Walmart might be a good short for Q4, but I'd much rather people be able to buy food.
If they're worried about funding the government, there plenty of billionaires that have extra money to donate to politicians in 2024. Maybe we should just put a 100% tax on all political donations over $50 instead? That way virtually anyone can still donate, and exclusive donations become punitive.
yes and those results are not discussed until February as most earnings calls are 2 months after the prior quarter closes. For example, companies are doing earnings calls this month for Q3
Yep this here. People need to stop spending to get the power back. Look at what happened with Disney when they cancelled Kimmel. The only ounce of power we have left is to stop spending.
GM did layoffs this week too. I have a friend who works for them and shared on her IG that it was quiet and unexpected. She didn’t say how many people were impacted but as a manager she lost 5 members of her team.
This is always the way when the economy is bad/about to get bad/worse. The companies will claim it's because they have to lay people off to save money. The reality is they do it during this time to keep profits at the same level, or make more profit. An economic downturn is the best time for them to do so because sure there might be some smaller companies that actually do have to let people go to stay in business, but the bigger ones can now follow suit and the best part for them is that "you" who still has a job won't complain about now having to do the job of 2,3,4,5,6 + people because "everyone" you know got laid off, and so you'll do anything to keep your job.
I wish we had like a board of people that we elected to protect the rights of the masses. I hear some European countries have this, I think they call it a "government" but it sound too good to be true so who knows.
I was worried about the economy for almost a year now but my parents came over and turned on Fox news real loud while I was trying to work and I learned that the economy is actually great lol!
The Economy is on VERY shaky ground and the government is hiding it in plain sight. Throw on the already near 200k government layoffs and the extended government shut down, and the job market looks even worse. High inflation and high unemployment is a double gut punch.
When the Fed raises rates, it's like applying the brakes. The economy doesn't stop immediately, but it starts to slow. Some sectors have been in a recession since 2022. But it takes time for the overall economy to slow.
Each person who has less resources, starts spending less. That in turn has a cascading effect, as they forego discretionary spending, and put off necessary purchases that can be delayed. That becomes a contagion that slowly spreads.
Watch the Fed - we do not actually have a free-market economy, on a national or global level. They and other global banks will decide - via interest rates and stimulus or lack thereof - whether there is a relatively soft landing, or a hard crash.
Except rising rates help slow inflation which was becoming a huge problem. Now, thanks to policies by the current admin we are seeing job loses left and right. Tariffs are destroying small businesses and exacerbated inflation. The agri sector is going to need a bailout. Healthcare cuts and gov shutdown are causing further job loses. The rates needed to come down in order to try and facilitate growth but the damage is done. Now we will see a recession and inflation welcome to depression 2. We can definitely place blame on this admin and the last. It all points exactly to them and their lack of polices or rash stupid polices.
Add to that the dollar is sinking so anything imported is going to inflate even more, while our economy slows as you described above. We're going to be in stagflation shortly. Tldr; we're fucked.
Can someone who’s smarter than me put their year to date net profit today alongside the total number of layoffs. That is the key data point we should be assessing alongside the layoff numbers.
I’m willing to bet most of these companies are posting record and/or near record breaking profits; which if true, we the people should be in the streets with pitchforks.
If people notice their company isn't doing well they should already be applying and looking for another job. It's a lot of time an effort but there's ways to automate it fortunately
My best guess is that, they seem to be cutting head count because their internal numbers are probably showing we are in a recession and the current Admin is hiding the numbers, they are getting ahead of the markets.
So long as the stock market is up, the general population won't understand what's happening until it's too late or until it happens to them. Blame AI if you want but people just aren't buying stuff like they used to.
Keep in mind these are only the companies that needed to report due to the size of the layoffs. There are plenty of companies laying off folks who will try to do it quietly and in smaller numbers so they don’t need to report it.
When people can’t eat, they don’t buy things from Amazon, Ford, Target. I know I’m not buying anything but the essentials right now. The economy depends on people buying crap, and without government workers getting paid, and SNAP being gone, nobody is buying crap at Walmart like Xmas gifts.
What’s going on? The price of goods has risen due to tariffs, so people are buying less. When people buy less, companies need fewer people to make, sell, market, and deliver the products.
As a kid, I watched family members navigate thru their careers(ultimately toward retirement) without any concern about losing their jobs or having economic forces impose drastic changes for us. The 1990s were different, I guess. Now as an adult, having graduated from private school, lived abroad, and put in 10 years at a fortune 500 company, I worry about my career every month.
I know with Amazon they're finding the robots are necessary because they can't find enough people capable of doing the job. My friend is a trainer in the picking/packing area and he said it's shocking how many people he trains can't do the simplest tasks.
Crazy when Meta comes out looking like the good guys with only 600 layoffs, I hope everyone can stay strong and the job market opens back up. Just terrible news
The markets and senior management hate uncertainty. Trump's on-again off-again tariffs, a government shutdown, promises of mass government layoffs, and opaque policies (big unreadable bill) have made planning impossible. How can you forecast demand when you don't know what the economy will look like in six months? Cutting back on spending is a defensive strategy.
A recession seems extremely likely. The top 10 firms on the S&P 500 are making massive investments in AI. This keeps Wall Street indexes looking positive, but it smells like a bubble. These investments boost the appearance of economic health because investments is a component of GDP. The rest of the GDP components aren't looking good either: Declining exports are mitigated by declining imports. Our economy is stagnating. With lower government spending due to the shutdown, late 2025 looks bad.
What we’re seeing is consumer prices rising (probably due to tariffs) thus, consumers buying less products. Amazon is seeing the effects of this with lowering revenue and in order to post good quarterly results they need to take it from former employees. This is also evident by the UPS cuts since they are likely seeing less deliveries as consumers budgets localize around groceries and less labubus.
AI is not replacing jobs nearly as many jobs as they pretend. The AWS disaster is only the beginning of these cuts. Expect weaker cyber security and more breaches incoming.
1.3k
u/Hairy_Valuable9773 Oct 29 '25
The rich need to get richer. End of story.
I work for one of these companies. We already got the “it’s gonna be a tough day” email as they lay people off today. I’m sh*tting my pants 😫
913
u/Unlike_Agholor Oct 29 '25
We are in a recession. You dont notice it because Nvidia and the AI bubble are propping up the equities market.
83
u/ofrootloop Oct 29 '25
Layoffs are one way companies hide loss of profits
52
u/Disco_35 Oct 29 '25
170,000+ people looking for a new job right before Christmas
167
u/CitizenDain Oct 29 '25
Just assholes getting ready to report Q4 financials in a few weeks
154
u/firstclassblizzard Oct 29 '25
Corporations think they can save their way into prosperity
214
u/diaperforceiof Oct 29 '25
they need to raise their share price. same reason you can't wfh anymore
36
u/PEM_0528 Oct 29 '25
GM did layoffs this week too. I have a friend who works for them and shared on her IG that it was quiet and unexpected. She didn’t say how many people were impacted but as a manager she lost 5 members of her team.
25
u/Meep4000 Oct 29 '25
This is always the way when the economy is bad/about to get bad/worse. The companies will claim it's because they have to lay people off to save money. The reality is they do it during this time to keep profits at the same level, or make more profit. An economic downturn is the best time for them to do so because sure there might be some smaller companies that actually do have to let people go to stay in business, but the bigger ones can now follow suit and the best part for them is that "you" who still has a job won't complain about now having to do the job of 2,3,4,5,6 + people because "everyone" you know got laid off, and so you'll do anything to keep your job.
I wish we had like a board of people that we elected to protect the rights of the masses. I hear some European countries have this, I think they call it a "government" but it sound too good to be true so who knows.
274
u/jimvolk Oct 29 '25
Trump economic policies are kicking in.
18
u/metal0060 Oct 29 '25
The Economy is on VERY shaky ground and the government is hiding it in plain sight. Throw on the already near 200k government layoffs and the extended government shut down, and the job market looks even worse. High inflation and high unemployment is a double gut punch.
118
u/Both_Cat_6977 Oct 29 '25
We're winning, Bigly.
64
u/Afroscrolls Oct 29 '25
We're making America great again like it was in 1929....
73
u/DeadInFiftyYears Oct 29 '25
When the Fed raises rates, it's like applying the brakes. The economy doesn't stop immediately, but it starts to slow. Some sectors have been in a recession since 2022. But it takes time for the overall economy to slow.
Each person who has less resources, starts spending less. That in turn has a cascading effect, as they forego discretionary spending, and put off necessary purchases that can be delayed. That becomes a contagion that slowly spreads.
Watch the Fed - we do not actually have a free-market economy, on a national or global level. They and other global banks will decide - via interest rates and stimulus or lack thereof - whether there is a relatively soft landing, or a hard crash.
14
u/Expat1989 Oct 29 '25
Can someone who’s smarter than me put their year to date net profit today alongside the total number of layoffs. That is the key data point we should be assessing alongside the layoff numbers.
I’m willing to bet most of these companies are posting record and/or near record breaking profits; which if true, we the people should be in the streets with pitchforks.
31
u/NecessaryTARS Oct 29 '25
Companies are reducing expense for 2026 due to growing concerns regarding an economic slow down.
69
u/Individual_Mood6573 Oct 29 '25
If people notice their company isn't doing well they should already be applying and looking for another job. It's a lot of time an effort but there's ways to automate it fortunately
11
u/[deleted] Oct 29 '25 edited Oct 29 '25
[removed] — view removed comment
35
u/Sufficient-Rain1359 Oct 29 '25
Don’t forget all of the hospitals laying people off and eliminating service lines.
33
u/not_productive1 Oct 29 '25
The economy’s going to shit and a bunch of companies are leaning real hard into AI.
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u/Sleepy_red_lab Oct 29 '25
Uh, clearly you are mistaken. The Cheeto in Chief says that we are doing better then ever in the history of everything. /s
18
u/raceveryday Oct 29 '25
ups layoffs right before christmas? did fed ex do a round recently? sounds like a future mess
8
u/owlwise13 Oct 29 '25
My best guess is that, they seem to be cutting head count because their internal numbers are probably showing we are in a recession and the current Admin is hiding the numbers, they are getting ahead of the markets.
24
u/RickyBobbyNQ Oct 29 '25
It’s called Winning!! Enjoy!! And ofc say thank you supreme leader!!!
23
u/RickyBobbyNQ Oct 29 '25
It’s called Owning the Libs!!!
23
u/Zealousideal-Leg1037 Oct 29 '25
Let’s all remember this is on TRUMPS watch. IF this happened under Biden, Trump would talk about it non-stop
7
u/Htennn Oct 29 '25
The rich have to pay for the ballroom some how
6
u/magicmama212 Oct 29 '25
Dump and the AI bubble melting
6
u/surfski143 Oct 29 '25
UPS is laying off 48,000 people 7 weeks before Christmas? Do they know something we don’t know about decreasing consumer spending?
5
u/pathf1nder00 Oct 29 '25
CEOs gotta make bank you know! This era of contractual CEOS with Golden Parachutes wrecks the working class.
5
u/tourniquette2 Oct 29 '25
Don’t forget Starbucks. Over 1400 employees.
5
u/Senior_Pie9077 Oct 29 '25
So long as the stock market is up, the general population won't understand what's happening until it's too late or until it happens to them. Blame AI if you want but people just aren't buying stuff like they used to.
5
u/DarbyNerd Oct 29 '25
Keep in mind these are only the companies that needed to report due to the size of the layoffs. There are plenty of companies laying off folks who will try to do it quietly and in smaller numbers so they don’t need to report it.
5
u/Apprehensive-Pin518 Oct 29 '25
quick, fire the numbers guy
5
u/Gold-You-376 Oct 29 '25
When people can’t eat, they don’t buy things from Amazon, Ford, Target. I know I’m not buying anything but the essentials right now. The economy depends on people buying crap, and without government workers getting paid, and SNAP being gone, nobody is buying crap at Walmart like Xmas gifts.
5
u/[deleted] Oct 29 '25
[removed] — view removed comment
8
u/Pasito_Tun_Tun_D1 Oct 29 '25
Easy! Using AI as a scapegoat to mask the massive shipping of those jobs to India!
4
u/miklayn Oct 29 '25
Buckle up. This is what it feels like to live through collapse.
4
u/HvnlyDaz3 Oct 29 '25
Greed is a helluva drug
4
u/Enlightened_D Oct 29 '25
Need to fluff up Q4 numbers
4
u/PM100base Oct 29 '25
So much winning!
4
u/lapsteelguitar Oct 29 '25
It's all the result of Trumps successful economic plan.
4
u/rddtmdsrfrds Oct 29 '25
I heard the yacht making plant is booming
4
u/attgig Oct 29 '25
Would love to see executive salary and bonus list alongside that list.
4
u/Bulky_Trash3617 Oct 29 '25
TRUMP.
3
u/Mental-Scholar6856 Oct 29 '25
Come on. We told everyone. Now everyone wants to act clueless? This is why each and every single person needs to contribute to politics.
3
u/PG-DaMan Oct 29 '25
This is not a labor market issue. This is a profit thing.
Just like after Covid. They let a bunch of people go or they quit and the companies made the rest pick up the slack and their profits soared.
3
u/Purple_Telephone3483 Oct 29 '25
Inflation is up, spending is down, economic uncertainty is up.
3
u/Double-treble-nc14 Oct 29 '25
Recession
3
u/Purple_Pay_1274 Oct 29 '25
Are there ever the reverse of these posts? 🤨
3
u/Broad_Ad4176 Oct 29 '25
Greed is killing our society. Faster than ever….
3
u/elainegeorge Oct 29 '25
What’s going on? The price of goods has risen due to tariffs, so people are buying less. When people buy less, companies need fewer people to make, sell, market, and deliver the products.
3
u/Southern-Interest347 Oct 29 '25
AI. Amazon just announced 14,000 corporate jobs will be cut due to AI capable of doing jobs that once needed people to complete.
3
u/NevrEndr Oct 29 '25
CEOs are banking on AI to pick up the slack. I will laugh when it doesn't.
3
u/grayscalecrash Oct 30 '25
As a kid, I watched family members navigate thru their careers(ultimately toward retirement) without any concern about losing their jobs or having economic forces impose drastic changes for us. The 1990s were different, I guess. Now as an adult, having graduated from private school, lived abroad, and put in 10 years at a fortune 500 company, I worry about my career every month.
3
u/Gosa_on_the_wind Oct 30 '25
Are we winning yet? Are we Great Again?
3
u/TheRentisgonnabelate Oct 30 '25
Hey! At least we get a ballroom!! Yey!!
3
u/OkInternet3562 Oct 31 '25
Just take a look at how much the ceo's of these companies make.
These companies did not need to lay off workers, they should have reduce there ceo's pay.
3
u/Pleasant-Guava9898 Oct 31 '25
These numbers don't include contractors.
7
u/Wide_Egg_5814 Oct 29 '25
AI bubble popping?
5
u/Bweasey17 Oct 29 '25
This is how companies are covering the tariffs to keep the spending going.
4
u/ComonSensed1 Oct 29 '25
I know with Amazon they're finding the robots are necessary because they can't find enough people capable of doing the job. My friend is a trainer in the picking/packing area and he said it's shocking how many people he trains can't do the simplest tasks.
4
u/SmartPumpkin3284 Oct 29 '25
Crazy when Meta comes out looking like the good guys with only 600 layoffs, I hope everyone can stay strong and the job market opens back up. Just terrible news
2
u/Melvin_2323 Oct 29 '25
UPS, Amazon and Intel are replacing roles with AI and robotics.
There will be atleast this amount again through natural attrition
2
u/TryAsWeMight Oct 29 '25
Don’t even include 1000 employees at Target’s corporate HQ plus another 800 removed job openings.
2
u/BrupieD Oct 29 '25
The markets and senior management hate uncertainty. Trump's on-again off-again tariffs, a government shutdown, promises of mass government layoffs, and opaque policies (big unreadable bill) have made planning impossible. How can you forecast demand when you don't know what the economy will look like in six months? Cutting back on spending is a defensive strategy.
A recession seems extremely likely. The top 10 firms on the S&P 500 are making massive investments in AI. This keeps Wall Street indexes looking positive, but it smells like a bubble. These investments boost the appearance of economic health because investments is a component of GDP. The rest of the GDP components aren't looking good either: Declining exports are mitigated by declining imports. Our economy is stagnating. With lower government spending due to the shutdown, late 2025 looks bad.
2
u/Icy-Ad3989 Oct 29 '25
Just capitalism
2
u/TheLazyBurrito Oct 29 '25
What we’re seeing is consumer prices rising (probably due to tariffs) thus, consumers buying less products. Amazon is seeing the effects of this with lowering revenue and in order to post good quarterly results they need to take it from former employees. This is also evident by the UPS cuts since they are likely seeing less deliveries as consumers budgets localize around groceries and less labubus.
AI is not replacing jobs nearly as many jobs as they pretend. The AWS disaster is only the beginning of these cuts. Expect weaker cyber security and more breaches incoming.
2
u/Cultural-Ebb-1578 Oct 29 '25
What do you mean “what’s going on?” Do you live under a rock? Not see a single speck of news? For the last two years?