Companies plan for where the market is going, not last quarter’s results. It’s fully clear to everyone that the economy has shifted dramatically. They are adjusting as appropriate.
Also, these people will be laid off with severance. They were compensated toward the top of market (considering all tech companies) while they were employed. They have Amazon on their resume, which makes future job easier than average. I’m really not concerned about laid off (with severance) FAANG employees relative to the people earning literally 1/10th their comp who are losing jobs without severance.
> people started treating companies they way companies treating people and we are starting to see the results - quiet quitting, oft bemoaned lack of loyalty, job hopping, etc.
I really don’t think this is an appropriate comparison. The whole “quiet quitting” thing isn’t going to hurt companies like Amazon because they’ll just PIP the person out and replace them with the tens of thousands of qualified people wanting to get hired at Amazon and do good work. When some “quiet quits” it’s usually their peers who pay the price because the absentee coworker isn’t get their part of the team project done. Makes more work for everyone else, makes groups projects late, and potentially brings down performance reviews of people depending on their work to get their own work done. It’s not fair to write “quiet quitting” off as only affecting the company, because the company is going to be fine. It’s the coworkers who bear the brunt.
(Source: Had some “quiet quit” team members over my career, suffered greatly during those times)