alt Hacker NewsWhat are the odds this is actually due to overhiring during the pandemic? From what I know, that was the principle reason for the Amazon layoffs. Would love to be corrected if I'm misremembering.
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toomuchtodo • yesterday at 9:28 PM
People keep saying it’s pandemic over hiring, but it should be called ZIRP hiring. With the cost of money almost 4x what it used to be, companies have to deliver now, not just coast on promises of growth and success that may never materialize. Have to sing for that supper.
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Except the concensus around the Amazon layoffs is that it's a shift in free cashflow to capex spent towards ram/gpus.