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Amazon’s Twitch to Cut 500 Employees, About 35% of Staff (www.bloomberg.com)

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Amazon’s Twitch to Cut 500 Employees, About 35% of Staff::Move is designed to stem losses after two rounds of layoffs last year.

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[–] RedditWanderer@lemmy.world 95 points 8 months ago* (last edited 8 months ago) (1 children)

They expected pandemic like growth to continue. Instead they made an absurd amount of money and are going to tone it down, socialise a bit of losses to realign the graph to something they can bullshit investors with.

(I was one of Unity's 1800, so I know the feeling).

[–] mosiacmango@lemm.ee 23 points 8 months ago

(I was one of Unity's 1800, so I know the feeling).

Sorry mate. Keep your head up.