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any telltale signs of layoffs in tiger?
Although Amazon has instituted a hiring freeze and layoffs are probably on their way, I went through the loop for a security engineer position at AWS. Before I attended the final interviews, Amazon placed the hiring freeze and called me to ask if I wanted to go ahead or cancel my application. I decided do go ahead Right now I'm waiting for their response and the position I applied to changed from "under consideration" to "no longer under consideration". Thoughts?
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Chief
These numbers are insane. 48,000 at UPS. 14,000 at Amazon. It’s so frequent that I forgot 15,000 by Microsoft.
Banks like JP Morgan and Goldman have said that they plan to keep their headcount flat in near future.
The holiday season is going to be a nightmare again this year.
Chief
Just two years ago people in this bowl were using UPS as an example of exceptional pay with job protections and that it should be the model the riot towards unionization. So much for that...
I also think many of these companies are still going through a correction from the post-pandemic hiring spree.
Pro
UPS revenue growth has been deaccelerating since early 2021.
Rising Star
Who are they firing? Are they expecting fewer parcels to need delivery?
This becomes a circular firing squad pretty quickly. Less jobs means less demand means less jobs. All while a couple of billionaires who amassed computing power and trained their models to scrape and steal the sum total of human thought then profit from it.
Doesn't take a genius to figure out why they're all building island bunkers!
Pro
But UPS stock was seemingly performing poorly. It fell back to pre-pandemic level.
Amazon was another story as it seems to be doing well.
Chief
SC1 The UPS was mostly Operations, not Admin, and that is a BIG difference. I get that their industry/business is changing a lot but….
Chief
UPS lost a lot of revenue with Amazon moving deliveries in-house and tariffs, along with the end of de minimis.
Like all disruptions it will create far more than what it takes this is normal disruption
The world is not burning down