Why are the layoffs occurring according to Andy Jessie?
Amazon to Cut 9,000 More Jobs
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Amazon is undergoing significant layoffs, with 9,000 additional cuts announced, totaling 27,000. This is due to economic uncertainty and the need to adjust from pandemic-era hiring. The tech industry is not opting for labor hoarding, and Amazon's revenue growth per employee is lagging, similar to Meta. The company is reevaluating strategies as top-line growth in e-commerce and AWS declines.
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2.
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What is the total number of layoffs announced by Andy Jessie?
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What does Andy Jessie cite as a reason for the layoffs?
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How did Amazon's hiring during the pandemic compare to its peers?
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5.
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What is the implication of the revenue per additional employee for Amazon?
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