Amazon is a textbook example of over-hiring and overestimating how long the pandemic-related bump in demand for e-commerce would last. Now it's the long-term employees who pay the price for the management's incompetence because they earn more and they're the ones being kicked to the curb. But what's new, right?
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Yes, Jassy got a very early $212M compensation package for creating a very big problem (negative cash flow) and "solving" it (layoff and RTO/forced layoff). Stable genius! Bezos also got a $400M gift, Dolly $100M. Employees (i.e. people who do actual work) get a year 0-4% raise (below inflation), <200 RSU shares "bonus". Long-term employees do pay the price for the management's incompetence after the RSU drop.
Walmart and Apple are a textbook example of not over-hiring and not overestimating how long the pandemic-related bump in demand for e-commerce would last.