Breaking: Amazon Announces New Mass Layoffs - Manager Jobs Toast (Video)
In this 7 October 2024 video, the hosts discuss
Amazon is just one of many tech companies doing layoffs, resulting from shifts in economic conditions, organization restructuring, cost cutting, and broader strategic decisions. In January 2023, Amazon saw the largest job cuts in its history when it laid off 18,000 workers.
According to a report from Morgan Stanley, Amazon is expected to cut around 14,000 managerial roles by early next year as part of an effort to save $3 billion each year.
Massive layoffs in the tech industry have begun to get worse over the course of this year. From tech giants to smaller startups, the job losses faced by employees not only have an adverse impact on the workforce but also on business owners, leadership, top management and the economy as a whole.
https://youtu.be/CKhCYMLH8V4
0:00 – Intro
2:08 – Amazon Layoffs
3:48 – Should Employees Report Managers?
5:50 – Will Manager Layoffs Stop Normal Layoffs?
6:51 – Return to Office
10:00 – Are Silent Layoffs Fair?
14:00 – Why are School Districts Causing Layoffs?
20:10 – How Much Would Sales Tax Need to be to End Property Tax?
27:22 – Closing
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