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Started By
Message
re: Amazon lays off 10K at the beginning Christmas season! Think about that for a minute
Posted on 11/15/22 at 6:53 am to NM Tiger 67
Posted on 11/15/22 at 6:53 am to NM Tiger 67
quote:
I just bought a 420,000 new build home that was listed for $530,000 6 months ago.
My area is still going up, but I'm believe there may be a lag, here. There are a lot of retirees moving to south FL, and most of them sell a house up north and pay cash for a home down here. I think the fear of a housing crash is causing people to accelerate there plans and people up north are selling now, in order to get down here before the housing market goes to shite.
Because so many are paying cash, interest rates are not a deterrent.
0
Posted on 11/15/22 at 6:58 am to Jjdoc
Get what you vote for. After all democracy is at stake.
Posted on 11/15/22 at 7:01 am to NM Tiger 67
quote:
It's about to get ugly
And it’s being done on purpose; that’s the kicker. We are a nation of utter morons.
This post was edited on 11/15/22 at 7:02 am
Posted on 11/15/22 at 7:06 am to Jax-Tiger
quote:
I believe it. They have warehouses everywhere (building one 4 miles from my house) and the number of people needed to deliver the packages they deliver must be astounding.
Aren’t the packages delivered primarily via the USPS?
Lastly, the # is 1.7 million, not 1.4, but that includes part time employees. As such, it is a misleading number, but still more people than I would have thought.
Posted on 11/15/22 at 7:28 am to dgnx6
That’s just corporate and suits. They have almost a million employees in America alone. Which these cuts simply won’t have any real impact on.
None of these Tech RIF’s are going to impact the Blue Collar workforce. Wall Street and the Investor Class are going to re-evaluate the worth of a bunch of tech companies and stock. Start ups will be killed by the hundreds if not thousands due to their burn rate of cash creating negative environments for capital raising.
This isn’t to say this won’t spread throughout the stock market. But other companies simply weren’t involved in this overvaluation.
Blue collar types will feel inflation but it won’t be as bad for Main Street as it is for Wall Street. Just like the last time.
None of these Tech RIF’s are going to impact the Blue Collar workforce. Wall Street and the Investor Class are going to re-evaluate the worth of a bunch of tech companies and stock. Start ups will be killed by the hundreds if not thousands due to their burn rate of cash creating negative environments for capital raising.
This isn’t to say this won’t spread throughout the stock market. But other companies simply weren’t involved in this overvaluation.
Blue collar types will feel inflation but it won’t be as bad for Main Street as it is for Wall Street. Just like the last time.
Posted on 11/15/22 at 7:36 am to jimmy the leg
quote:I lazily use Amazon a lot. Depends on the packaging. USPS is used a lot on the lighter stuff. UPS and FedEx seem to be an even split to me on the larger/heavier stuff. If it will fit in a mailbox, it's almost always USPS. Or it might start off with either FedEx or UPS and handed off to the USPS for actual delivery. Seems like Trump always complained about the crappy contract USPS had with Amazon. I see mail trucks out on Sunday and they are almost always delivering Amazon packages. You know they have to be taking a beating on that.
Aren’t the packages delivered primarily via the USPS?
Posted on 11/15/22 at 3:54 pm to jimmy the leg
quote:
Amazon employs over 1.4 million people globally?
Even based on his numbers its 0.77%, not 0.007%.
The moron doesn't even know how to convert fractions to percentage. Why would I value his opinion on anything.
Posted on 11/15/22 at 4:24 pm to Jjdoc
Zuckerberg DOES NOT celebrate Christmas. Neither does Schumer!!
Posted on 11/15/22 at 4:32 pm to Barstools
quote:What? 10K/1.4M is 71.4 basis points. I'm not sure where you're getting 77 bps, but you might want to at least get your arithmetic right prior to calling the other guy a moron.
Even based on his numbers its 0.77%, not 0.007%.
The moron doesn't even know how to convert fractions to percentage. Why would I value his opinion on anything.
Posted on 11/15/22 at 4:41 pm to Jjdoc
Will they give Amazon as hard of a time as they did Musk?
This post was edited on 11/15/22 at 4:46 pm
Posted on 11/15/22 at 5:07 pm to Jjdoc
There are tons of major companies who will be laying people off within the next 2 months and of course it will trickle down to all of the smaller supporting companies and then to the greater economy as a whole. They had to wait until after the elections so they could keep the oligarchy in power.
Posted on 11/16/22 at 12:51 am to Big Scrub TX
Dude... 10,000 / 1,400,000 = .0071 = 0.71%. He said 0.007%.hes off by a factor of 100. This isn't hard. Jesus.
ETA: He used 1.298M which is where I got 0.77%.
ETA: He used 1.298M which is where I got 0.77%.
This post was edited on 11/16/22 at 12:56 am
Posted on 11/16/22 at 4:52 am to Jax-Tiger
quote:
the number of people needed to deliver the packages they deliver must be astounding.
A bunch have been outsourced to USPS and FEDEX.
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