This is very disconnected from reality, amzn needs consumers to buy their products. If layoffs keep piling up higher and deeper something is going to break and hello recession!
I think when you say value you aren't speaking fiscally. If that's the case then I would say I'm not trying to minimize the output of workers being laid off. I'm just saying that the value of their output isn't marketable to consumers, so from a capitalist perspective a company should rationally make adjustments.
Well, yeah. I mean the entire endeavor of operating a for-profit business is to find the combination of resources/effort/ideas that creates value. The problem space is enormous though and more often leads to failure than success. If you see a successful combination though, stop posting here and start your own business!
If you can think of better projects, you can become their competitor and hire their staff away.
Do you have a 401K or retirement account of any type? Chances are you are one of the "rich people" that impact that stock price.
Eg, a musician is a worker, but once they've written a song that you now iwn, you can sell infinite licenses to it, regardless of whether the musician is still being paid
```Amazon initiated a broad cost-cutting review to pare back on units that were unprofitable```
But the sum of all people who aren't "rich" don't own very much stock (as a proportion.) And 99% of the ones that do own that stock indirectly through a fund with added management costs and management risk.
No it isn't. It is quite typical for a companies stock to spike up after a layoff announcement especially when the number was higher than initially reported.
And as always totally expected.
The craziness encompasses the entire system
Systemic insanity
P.S. Ex-Meta who got impacted by the layoffs
Put another way, lots of startups are failing or are going to fail in this environment. Layoffs are like killing "internal startups" that aren't moneymakers.
You're assuming that any group of talented people can have a 100% track record of success. Some startups (or projects) just fail and it has nothing to do with the talent.
You gotta take bets on new products/markets and sometimes they don't pan out. Sometimes it's just a market issue. There's not always a way to know if it was going to fail beforehand either. If we want innovation, then unfortunately I think these types of sh*tshows are part of the deal, although a 17,000 layoff is pretty gnarly.
Synically, an argument can be made that those largely driving the markets are looking for any reason to make money. It doesn't actually matter much what the news is, just get ahead of the market movement then start turning dials and pushing sentiment.
To put the current situation in perspective, the last unemployment rate reading was 3.7%, a level so low that it was never hit in the entire period 1970-2018.