During the pandemic tons of companies hired very large numbers of people in anticipation of increased consumer demand and historically high savings rates in the US and other countries. During the pandemic people counterintuitively burned through cash to the benefit of companies like amazon. When that excess demand cooled (and it still is, especially in the US due to incredibly bad economic policies) those jobs were/are not needed anymore.

They should have learned to double code

They've been running on that PR spin since 2023.

They thought like would go up forever, and now that the line is starting to slow down, they gotta do a sacrifice to make the line look like it is still going up

My organisation is going through this right now. The overarching management "corporation" is looking at our numbers and saying that we've got more employees and spending than 5 years ago, but have the same output metrics...... So we've got to cut back staff and spending because there's dead weight that's not adding to productivity. The problem is that these will be small ineffective parts of people's otherwise useful jobs. You can't do what Elon Musk did and start firing people across the board to correct the numbers. It's a complex problem to solve.

Up 1% for the day