The Trump Economy

[Rajoo]

16,000 layoffs at Amazon last Monday (I believe this was just AWS) and not the ecomm and another one planned in two more months. My niece has survived two cuts so far paid me a visit last week and I asked her how could people work in such an environment simply waiting to be laid off. Not surprisingly they do very little work and she said the management does not care either. Its the promise of AI bounty along with billion$ being invested in AI infrastructure that is driving these layoffs and once they lose their jobs, chances of finding another one is almost impossible. Not sure what is in store for the highly trained software professionals in the US since a lot of these jobs are permanently eliminated.

And then for good measure Bezos laid off about 300 from WaPo staff yesterday eliminating entire sections from the vaunted newspaper.