Amazon is laying off 18,000 people this week as Microsoft is letting go of 10% of its workforce.

Not gonna lie. . I LOVE THIS. I can get hard from this.

Most of these techies voted for this and they deserve this. I hope they live in misery for the rest of the year to see what they voted for.

This is Biden's America now...

Yep, I'm okay with Biden voters getting what they voted for

They still won't learn though and continue to vote for it

strong username to thread content correlation

Love this for them

its over

Thought this is what J-pow wanted , seems right on track to curb inflation . Don't see what the problem is

Says the sloot MISCing and who can't stay off of dating apps.

Lotta banks around me laying off people as well because of interest rates and lack of loans.

Big tech getting a head start on everyone it seems. Expect a lot more of these headlines with the air coming out of the market. We'll see how long it takes for the Feds to pivot and crank the money printers up to warp speed plaid.

No idea why anyone could think this is a bad thing

Fed policies created a bubble which flooded BS money and loans to zombie companies that should of gone under or been much leaner. If it never gets fixed we can’t begin actual growth. Fixed means they need to cut the slack.

No one votes for it and no policies other than pushing the debt Ponzi scheme caused it. It’s a condition that needs to be fixed.

fuk big tech srs

a lot of useless jobs in big tech. we've all seen the tik tok videos.

there's going to be a huge reset with how these corps do business. elon started it and now everyone's doing it. you don't need to pay some pink haired ****g0t to do an hour worth of tasks and then the other 7hrs they're doing yoga and going to the paid for cafeteria

I read the other day that tech firm ********/META Zuckbucks are still very much out there, working hard to buy elections for Democrats. Some on that ~


"Republican-Led House Must Ban Private Funding Of Elections Or Force Democrats To Defend It On The Record"

https://thefederalist.com/2023/01/13...on-the-record/

excerpt:

After it was reported that the U.S. Alliance for Election Excellence will give out $500,000 grants to two beneficiaries (and $1.5 million to another) leading up to the 2024 election cycle, Republican Rep. Jim Banks of Indiana is calling for a ban on the private funding of elections.

The U.S. Alliance for Election Excellence is a project of the Center for Tech and Civic Life, a group that, during the 2020 presidential election, helped funnel $328 million “Zuckbucks” from Meta CEO Mark Zuckerberg to mostly blue counties of swing states to mobilize potential Democrat voters and help swing the race in Joe Biden’s favor. While CTCL said the money was also distributed to red counties, it was drastically less than that given to blue areas; a full 92 percent of the money went to Biden-leaning counties.

As I reported last month, CTCL just announced its list of beneficiaries leading up to the 2024 election cycle. While CTCL did not specify how it chose its beneficiaries, most of the jurisdictions picked lean heavily Democratic and are located in key swing states, just like in 2020. It looks like CTCL is hoping to replicate its success in 2020, although this time largely under the guise of the U.S. Alliance for Election Excellence.

While 24 states have enacted bans or restrictions on private money being used to administer elections, some states’ Democrat governors have vetoed such bans, including Michigan, North Carolina, Pennsylvania, and Wisconsin.

“Private money has no place in public election infrastructure,” Banks told The Daily Signal. “Most Democrat-controlled states will never prevent their Big Tech partners from influencing their elections. … A Republican House majority needs to step up and pass national legislation to prevent private actors from funding election organizations.”....

Oh so that's why you hate them now huh lol

why?

From tech to tradie: it's a Monster move.

NBD, they can just learn to code!

because they realised you're a ****** frauding?

Tech layoffs/headcount are a lot like housing prices. They need to go down, and they're beginning to go down which is good, but the Rona bloat was so vast that we are nowhere near healthy yet.

I say this as a Rona bloat tech employee who knows I'm in danger. Doesn't make me blind to macro-economic reality.

This is and always will be a stupid take.

I got laid off from a trucking company at thanksgiving. Work at a temp company now

tech and wfh are all overpaid and useless bs jobs. no one actually does meaningful work from home.

most voted for biden. Hey at least no mean tweets.

Can't be happy for people losing their jobs, but likely a lot of the tech positions are bloat [see: Twitter].



Cliffs:

- 60,000 jobs cut last year

- very very big layoffs incoming, 100 year economic cycle [per speaker]

- 10,000 cut by Microsoft [that is 5%]

- 18,000newjobs being cut by Amazon

- 230 cut by Alphabet

- 500 cut by Crypto.com

- 2,000 cut by Coinbase

- 7,000 cut by SalesForce

- 11,000 cut by Meta

- 3,700 cut by Twitter [already or new?]

- 700 cut by Lyft

- 1,110 cut by Stripe

- 6,000 cut by Tesla


I saw yesterday that in real terms 2022 holiday retail sales were only up 0.3% over 2021 and Amazon's holiday sales actually went negative 1.+%.

The economy turned back in June of 2021. Meanwhile the Fed instead of pausing became more aggressive. Wholesalers and retailers are loaded up with inventory that there isn't sufficient demand for. But consumers so far haven't seen a lot of dropping prices, at least in things that are necessary and constrained by supply [e.g. food and energy].

I could'a plowed SS in my hey day when I was the star. Then they moved me to varsity and her freshman dreams died.