Was this planned and coordinating by each others CEO’s to layoff this many retail employees at same time or just forward looking forecast of the industry ? Hence similar timing
Also is their cut less bad as ours? Or about same. Ratio. Still not good either way you slice and dice this
lol, let’s call target, we could really benefit from their brains and execution skills
It was “planned” in the sense that Q3 is almost over for both companies
Amazon laying off 30,000 tomorrow is one headline I saw. 😢
Amazons portfolio is vast. They’re talking about MGM / Amz vid, audio sectors, etc. Retail wasn’t mentioned in headlines.
I think it’s 10% of Amazons workforce vs Tgt 8%.