“Companies that last a long time go through different phases. They’re not in heavy people expansion mode every year,” he said.
Multiple outlets reported in the fall that Amazon had planned to cut around 10,000 employees.
Amazon and other tech firms significantly ramped up hiring over the past couple of years as the pandemic shifted consumers’ habits toward e-commerce.
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Now, many of these seemingly untouchable tech companies are experiencing whiplash and laying off thousands of workers as people return to pre-pandemic habits and macroeconomic conditions deteriorate.
Twitter also announced widespread job cuts after Elon Musk bought the company for $US44 billion ($64 billion).
