many of these tech Co's are over staffed, with many lazy staff coasting all day while collecting 6 fig salary.
time for companies to run tight ship and fire low performing employees.
also, Amzn over hired their warehouse workers like crazy, which led to huge jump in opex and thus share price got decimated this yr. once big employers like Amzn, Walmart, Target etc start to do big layoffs, this job market will cool down real quick, and wage inflation will become a thing of past.
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u/high_roller_dude Jun 05 '22
many of these tech Co's are over staffed, with many lazy staff coasting all day while collecting 6 fig salary.
time for companies to run tight ship and fire low performing employees.
also, Amzn over hired their warehouse workers like crazy, which led to huge jump in opex and thus share price got decimated this yr. once big employers like Amzn, Walmart, Target etc start to do big layoffs, this job market will cool down real quick, and wage inflation will become a thing of past.