Especially for the people he’s about to fire.
He is doing what any business would do in the arena of ‘batten down the hatches.’
Stack the powder is the advice from the rich guy...
Citizens Free Press is reporting the New York Slimes is saying Amazon is going to lay off 10,000 this week.
“ Amazon reported 798,000 employees at the end of 2019 but had 1.6 million full- and part-time employees as of Dec. 31, 2021, a 102% increase. ”
Amazon DRAMATICALLY increased headcount during COVID-19. Even if there was no recession, COVID-19 is largely over as a pandemic. Did Bezos think Amazon could maintain that high headcount? Guess I don’t see how they could.