Big tech, finally, is receiving a bit of comeuppance, which is only right given how insanely rich its executives have become from a globalist-run market.
Big tech companies may have been gleefully crowing about their market dominance during the pandemic, but now that more “normalized” conditions have returned, they can’t depend on lockdowns anymore for guaranteed profits, as consumers are pretty much forced to shop online then.
Pandemics appear quite profitable for a select few.
However, dependence on continued government lockdowns for profits likely explains the carnage the tech industry is dealing with now, thanks to dwindling margins, rising inflation, and increased foreign competition.
Amazon is one of the latest tech companies to coldly lay off its workers, as evidenced by the rather insensitive email issued by Amazon HR “Executive” Beth Galetti.
“Today we are taking the very difficult step of reducing roles across several of our businesses. Unfortunately, your role has been eliminated,” Galetti began bluntly.
Way to cut to the chase.
“You are no longer required to perform any work on Amazon’s behalf effective immediately and will receive your full pay and benefits for the next 60 days (90 days in New York state), plus an additional severance package,” Galetti continued.
Wow, how generous! Thanks for clearly revealing that Amazon is obviously paying the absolute bare minimum severance by legally permissible standards, especially when adding that only New York employees receive a grand total of 90 days.
Clearly, these employees only receive an extra 30 days due to state law.
Seems Amazon would pay no severance if it could legally do so. Especially as Galetti’s inane email continued.
“Some of the most important FAQs are included below, including how to retrieve any personal belongings from your workspace and how to return your Amazon-issued equipment,” Galetti remarked.
Uh, how helpful. After being abruptly laid off, surely most employees are not making the return of “Amazon-issued equipment” a top priority. Talk about tone deaf.
Unsurprisingly, Amazon employees were summarily blocked from their email accounts and other Amazon-related accounts very shortly after Galetti’s glacial email.
Amazon is hardly the only tech company to commence layoffs, as multiple other tech giants have come crashing down to earth.
For instance, Microsoft also commenced layoffs, starting with 10,000 employees, or roughly 5 percent of its workforce.
Facebook shed 11,000 “roles,” or roughly 13 percent of its workforce, while TikTok continues to eat the platform’s lunch.
However, Twitter takes the ultimate prize, with an initial round of layoffs topping 50 percent of its workforce.
Despite the mass exodus of employees, the platform still functions, revealing that Musk had a point after all with regards to useless employee “positions” that achieved little.
The Daily Mail neatly summarizes the situation, especially in terms of macroeconomic reality finally bringing big tech down to earth.
“In recent months, a slew of tech companies have announced cost-cutting measures, with Amazon, Apple and Google-parent Alphabet all announcing hiring slowdowns or freezes. For the tech sector, the pandemic boom has turned to a post-pandemic bust, as rising interest rates batter share prices and inflation cuts into profits,” the outlet noted.
Rather ironically, other workers do not have to worry quite so much about the latest macroeconomic comeuppance.
“The most in-demand workers right now are blue collar employees, while white-collar workers have seen major job losses in the last year,” the outlet wryly remarked.
Irony …
Author: Ofelia Thornton
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