Amid layoffs, Amazon pauses construction on second headquarters in Virginia
Amazon is pausing construction of its second headquarters in Virginia following the biggest round of layoffs in the company’s history and shifting landscape of remote work.
https://www.pbs.org/newshour/economy/amid-layoffs-amazon-pauses-construction-on-second-headquarters-in-virginia
" L8 at BigTechB and was laid off last week after 15 years"
He/she should be a multimillionaire now. set for life now with all these RSUs.
Probably owned 3 - 4 houses and lots of passive incomes, you don't need to worry about them but yourself.
There is a good chance inflation will remain high for a while. Companies in debt like Amazon may need to shift strategies drastically and cut costs. Borrowing billions for expansion may not be feasible anymore. Honestly I am surprised only 18,000 got cut. I suspect many more will be cut at next OLR if not sooner. My neighbor was L8 at BigTechB and was laid off last week after 15 years. I wonder whether Amazon may also target L7-L8 next time regardless of performance. This is my personal opinion, no knowledge about that.