I wonder what is going on with Amazon. They seem to be going strong with hiring.
My money is on Amazon being more fine with "aggressively pruning their workforce" on a regular basis. The point of a hiring freeze is so that you can move employees around internally to prune unprofitable parts of the business without pruning workers.
Estimates put the workforce for AWS at ~100k-200k right now. AWS income is ~80b right now according to their Q2 earnings release. Based on these numbers, a person working for AWS is making Amazon ~$400k in revenue. The profit for AWS at the moment is 30% according to the Q2 filings and nets out to ~$24b. So, assuming 200k employees for AWS which is very software-developer heavy says they are making at least $120k per developer in AWS. If they think they can continue that trend, they should be hiring every last engineer they can get for less than $280k a year. If they think they can grow their margin, they should be hiring up to an even higher number.
those numbers are scary for anyone ever thinking about competing with amazon... I'm really stupefied by the way this company is operating..
Those precious margins will be their competitor's opportunity. Right now the cloud cartel is happy to all grow quickly and pretend compete with each other, but once that stops the margins will thin out.
These are mostly warehouse jobs because they had to ramp up drastically during the pandemic, but don't need as much capacity now. They are still hiring SWEs.