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Amazon Planning to Announce Layoff of 10,000 Workers This Week
The Conservative Treehouse ^ | Nov 14, 2022 | Sundance

Posted on 11/14/2022 2:39:20 PM PST by Texas Fossil

At a time when/if the economy was functioning as most economic pundits have previously proclaimed, Amazon and other retail giants would normally be beefing up workers in anticipation of the holiday shopping season.  However, with the midterm election in the rearview mirror, exactly the opposite is happening. {Backstory on prior employment announcements}

According to multiple media reports, Amazon is expected to announce layoffs for approximately 10,000 U.S. workers this week.  Yet another indication the economic pretending is coming to an end right after the midterm election is concluded.

(CNBC) – Amazon is planning to lay off approximately 10,000 employees in corporate and technology roles beginning this week, according to a report from The New York Times. Separately, The Wall Street Journal also cited a source saying the company plans to lay off thousands of employees.

Shares of Amazon closed down about 2% on Monday.

The cuts would be the largest in the company’s history and would primarily impact Amazon’s devices organization, retail division and human resources, according to the report. The reported layoffs would represent less than 1% of Amazon’s global workforce and 3% of its corporate employees. (read more)

“Bye”

As previously noted by Yahoo News, a “wave of layoffs” has begun that encompasses dozens of medium and large corporations [SEE HERE].

The layoffs, outlined in Yahoo, cover real estate, tech companies, banking, finance, automakers, EV startups, and brick and mortar stores like 7-11 and GAP.   It should not come as a surprise, but it is sad to see, nonetheless.

Within the economy, a great pretending can only last so long… then reality hits.

The skilled trades should likely end up in the best employment situation, with the tech sector the worst.  Service industries are also one of the first sectors hit when employment becomes an issue.

With rising interest rates, high inflation, excessive inventories, a shrinking production economy, extreme energy costs and diminished disposable income as a result of inflation and gas prices, there was going to come a time when it all starts to congregate.

2023 looks to be the year when economic pretenses collapse under the weight of having to admit a recession exists.

This is shaping up to be a painful holiday season….


TOPICS: Conspiracy; Government; Politics
KEYWORDS: 10thousand; amazon; districtofcolumbia; jeffbezos; layoff; washingtoncompost; washingtonpost; workers
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To: Texas Fossil

They can learn to mine coal..


21 posted on 11/14/2022 3:03:57 PM PST by mowowie
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To: laplata

A few years ago my organization had a mass round of layoffs in my section worldwide right before Christmas.

Ever since I half expect a present I don’t want or need around Christmas time.


22 posted on 11/14/2022 3:09:38 PM PST by wally_bert (I cannot be sure for certain, but in my personal opinion I am certain that I am not sure.)
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To: laplata

Hmmm I joined the workforce during the Carter years and am retiring in the midst of the Bidung years. Lucky me! I think I’ll keep my two other jobs though.


23 posted on 11/14/2022 3:17:41 PM PST by AbolishCSEU (Amount of "child" support paid is inversely proportionate to mother's actual parenting of children)
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To: Texas Fossil

There’s a sign of a great economy. Just like Plugs said.


24 posted on 11/14/2022 3:18:02 PM PST by mikey_hates_everything
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To: Texas Fossil

I could have swore I heard Bezos said a collapse was coming.


25 posted on 11/14/2022 3:25:46 PM PST by dforest
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To: Chgogal

“Those of you who voted for this deserve what’s coming to you. Enjoy your vote.”

https://www.floppingaces.net/2022/11/09/dear-america/

It’s short and a good read if you have time.


26 posted on 11/14/2022 3:26:01 PM PST by packagingguy
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To: Texas Fossil

With any luck they are all demonrats and hopefully they all suffer greatly.

Yeah I said, so what.


27 posted on 11/14/2022 3:45:17 PM PST by Newtoidaho (All I ask of living is to have no chains on me.)
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To: laplata
...layoffs just before the holidays is a bad sign.
2023 won’t be pretty.

The article did say the layoffs would be in "corporate" and "tech" areas - delivery drivers were never mentioned, FWIW.

When inflation and layoffs threaten, non-essentials get cut first.
RV's, boats, motorcycles, toys, etc.
How much of what Amazon delivers do we really need?

28 posted on 11/14/2022 3:45:18 PM PST by ZOOKER (Until further notice the /s is implied...)
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To: Texas Fossil

Amazon Planning to Announce Layoff of 10,000 Workers This Week

Yet another indication the economic pretending is coming to an end.

Dat be your work Joey


29 posted on 11/14/2022 3:46:29 PM PST by Vaduz (LAWYERS )
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To: SkyDancer

Shapiro is going to ban fracking


30 posted on 11/14/2022 3:51:17 PM PST by cork (gun control, proper grip, stance and target picture)
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To: Texas Fossil

Interesting. How many Amazon workers with pink hair and nose rings voted to keep the Dems in power and now they are being laid off? I should feel sorry for them but I don’t.


31 posted on 11/14/2022 4:07:24 PM PST by McGavin999 (A sense of humor is a sign of intelligence, leftists have no sense of humor, therefore………)
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To: ZOOKER

I buy some supplements such as Turmeric from Amazon. I checked and it’s made here in the States.


32 posted on 11/14/2022 4:09:18 PM PST by laplata (They want each crisis to take the greatest toll possible.)
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To: AbolishCSEU

You’re wise to do that.


33 posted on 11/14/2022 4:10:40 PM PST by laplata (They want each crisis to take the greatest toll possible.)
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To: wally_bert

Yes, it’s scary. Good luck.


34 posted on 11/14/2022 4:12:09 PM PST by laplata (They want each crisis to take the greatest toll possible.)
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To: Texas Fossil

Amazon employs 1.5+ million people worldwide.

10,000 is < 1%.

this is like laying off 1 or 2 people in a typical mid sized company


35 posted on 11/14/2022 4:12:47 PM PST by sten (fighting tyranny never goes out of style)
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To: laplata

I quit worrying it doesn’t buy anything.


36 posted on 11/14/2022 4:14:06 PM PST by wally_bert (I cannot be sure for certain, but in my personal opinion I am certain that I am not sure.)
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To: blackdog

Zombies are going to get slaughtered. I don’t think people understand the damage the federal reserve’s last 10 year interest rates policy has been. People, companies, funds …GOVERNMENTS … that are addicted to cheap debt will get slaughtered.


37 posted on 11/14/2022 4:14:40 PM PST by wgmalabama (Censored!)
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To: wally_bert

That’s pretty much how I now look at it.


38 posted on 11/14/2022 4:18:06 PM PST by laplata (They want each crisis to take the greatest toll possible.)
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To: laplata

A couple of bouts ion hospital for a couple of near fatal misadventures opened my eyes a lot.


39 posted on 11/14/2022 4:22:50 PM PST by wally_bert (I cannot be sure for certain, but in my personal opinion I am certain that I am not sure.)
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To: NWFree

Deliveries already slow. I’m going with WM. Much faster


40 posted on 11/14/2022 4:27:35 PM PST by Karoo
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