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Originally posted by SIGNYM:
SIX, that's like saying... not at all

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Originally posted by second:
Revenue wasn't growing fast enough and the growth Amazon was getting wasn't profitable enough FOR THE STOCK OWNERS.

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Originally posted by 6IXSTRINGJACK:
Poor little Second. Always fighting with himself.

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Originally posted by second:
Revenue wasn't growing fast enough and the growth Amazon was getting wasn't profitable enough FOR THE STOCK OWNERS.

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Probably shouldn't have spent a Billion dollars on a woke LOTR TV show that had nothing to do with LOTR that nobody wanted to watch and then charge all of your customers $2 more per month for Prime to offset the losses.

OPPS!

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KEY POINTS:

Planned layoffs totaled 89,703 for the period, an increase of 15% from February, according to Challenger, Gray & Christmas.

Job cuts have soared to 270,416 so far in 2023, an increase of 396% from the same period a year ago.

The damage was especially bad in tech, which has announced 102,391 cuts so far in 2023. That’s a staggering increase of 38,487% from a year ago.

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A major Paramount division announced Tuesday it will shutter MTV News and slash its US workforce by 25%, bringing to an end the iconic music video network’s news division that once covered a range of issues from pop culture to politics and became a household name for Generation X and Millennial adolescents.

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CNN, The Washington Post, NPR, Gannett, Vox Media, NBC News and others have also cut their workforces in recent months.

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While company executives did not confirm the exact scope of this round, Zuckerberg said in March that the company planned to eliminate 10,000 positions by the end of May, after previously cutting 11,000 in November. Last month, Meta cut around 4,000 of those planned 10,000 positions, leaving about 6,000 positions potentially on the chopping block this round. At the end of 2022, Meta, which is the parent company of Facebook, Instagram, and WhatsApp, had around 86,000 employees.

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Some of the biggest companies in tech including Google, Meta, Amazon, Microsoft, and Salesforce have hired foreign workers just weeks after reducing headcount by thousands of employees, according to a report.

Google, which laid off some 12,000 employees earlier this year, filed applications for low-paid foreign workers to come to the United States and assume highly specialized tech roles within the company, according to investigative journalist Lee Fang.

The Alphabet-owned search engine submitted applications for dozens of foreign workers who were seeking to fill roles including software engineers, analytical consultants, user experience researchers and others, Fang wrote in his Substack newsletter on Tuesday.

The Google-owned self-driving outfit Waymo also received government approval for H-1B visa applications for engineering jobs, according to Fang.

The newly employed workers from overseas will begin working at the company as soon as Aug. 17, Fang reported.

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Originally posted by 6IXSTRINGJACK:
Disney laying off 50 people at ABC News.

News Corp will layoff 1,250 people in 2023.

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Originally posted by 6IXSTRINGJACK:
Walgreens is closing 450 locations.

https://us.cnn.com/2023/06/30/investing/walgreens-150-store-closings/i
ndex.html

They also cut 500 office jobs.

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Originally posted by 6IXSTRINGJACK:
4 years after woke Mickey Mouse bought Fox, who owned National Geographic, it fired all the remaining writers and editors.

https://www.washingtonpost.com/media/2023/06/28/national-geographic-st
aff-writers-laid-off/

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Originally posted by 6IXSTRINGJACK:
Meta just told employees its latest round of massive layoffs starts next week

https://www.vox.com/technology/2023/5/18/23729176/meta-silicon-valley-
massive-layoffs-mark-zuckerberg

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While company executives did not confirm the exact scope of this round, Zuckerberg said in March that the company planned to eliminate 10,000 positions by the end of May, after previously cutting 11,000 in November. Last month, Meta cut around 4,000 of those planned 10,000 positions, leaving about 6,000 positions potentially on the chopping block this round. At the end of 2022, Meta, which is the parent company of Facebook, Instagram, and WhatsApp, had around 86,000 employees.

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Google, Meta, Amazon hire low-paid foreign workers after US layoffs: report

https://nypost.com/2023/05/16/google-meta-amazon-hire-low-paid-foreign
-workers-after-us-layoffs-report/

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Some of the biggest companies in tech including Google, Meta, Amazon, Microsoft, and Salesforce have hired foreign workers just weeks after reducing headcount by thousands of employees, according to a report.

Google, which laid off some 12,000 employees earlier this year, filed applications for low-paid foreign workers to come to the United States and assume highly specialized tech roles within the company, according to investigative journalist Lee Fang.

The Alphabet-owned search engine submitted applications for dozens of foreign workers who were seeking to fill roles including software engineers, analytical consultants, user experience researchers and others, Fang wrote in his Substack newsletter on Tuesday.

The Google-owned self-driving outfit Waymo also received government approval for H-1B visa applications for engineering jobs, according to Fang.

The newly employed workers from overseas will begin working at the company as soon as Aug. 17, Fang reported.

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Growing up in a Republic was nice... Shame we couldn't keep it.

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Veteran department-store chain Macy’s is laying off about 3.5% of its workforce, or roughly 2,350 employees, and closing five stores as it continues to shrink its massive retail business for the online-shopping era.

“As we prepare to deploy a new strategy to meet the needs of an everchanging consumer and marketplace, we made the difficult decision to reduce our workforce by 3.5% to become a more streamlined company,” a Macy’s spokesperson told CNN.

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The restructuring – the third Wayfair has implemented since summer 2022 – is expected to save the company about $280 million, it said.

The cuts come after Hasbro, Etsy and Macy’s announced layoffs over the last month.

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Originally posted by 6ixStringJack:
Hmmmmm... I missed the Etsy one.

That one can be directly attributed to the Democrats and the Biden* Administration for using the IRS to go after low income people for selling more than $600 online in a year when the limit used to be $20,000.

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Online shopping sites like Etsy, and eBay, and payment network PayPal, among other companies want Congress to change the new $600 reporting threshold for IRS Form 1099-K. The rule, which won't apply for 2023 due to a recent delay from the IRS, affects millions of people who sell on sites like Etsy and Poshmark and get paid through third-party networks like PayPal, Square, and CashApp.

Previously, to receive a 1099-K, you had to have at least 200 third-party payment network transactions totaling more than $20,000 in gross payments. However, due to a tax law change, a single transaction on a payment network of just $600 could trigger a 1099-K. Some people call this the “600 rule.” The IRS delayed the rule Implementation last year, but that change and the most recent 1099-K delay for the 2023 tax year continue to cause confusion.

The Coalition for 1099-K Fairness (a group of online marketplaces that oppose the new rule) has urged Congress to get involved. The goal is to have bipartisan legislation that raises the 1099-K threshold, giving relief to “casual sellers.” That includes millions of people who are paid smaller amounts through third-party networks and haven’t received 1099-K forms in the past.

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Sports Illustrated employees were notified on Friday that a "significant number, if not all" of their jobs were set to be eliminated, according to a new statement from the publication's union.

The Sports Illustrated union posted on X: "This is another difficult day in what has been a difficult four years for Sports Illustrated under Arena Group (previously The Maven) stewardship. We are calling on ABG to ensure the continued publication of SI and allow it to serve our audience in the way it has for nearly 70 years."

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“The team at SI has created yet another groundbreaking issue by bringing together a diverse set of multitalented, beautiful women in a creative and dignified way,” she wrote.

Last year, she became Victoria Secret’s first openly transgender model and was hired for catalog work for VS Pink, the company’s athletic line. In 2017, Ms. Sampaio was also the first transgender model to grace the cover of a Vogue edition.

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In recent years, the Sports Illustrated swimsuit issue has had a number of breakthrough moments.

The magazine, which debuted in 1964, put Ashley Graham, its first size 16 model, on the cover in 2016. Last year, it featured the Somali-American model Halima Aden, who was the first woman to wear a hijab and burkini in the magazine.

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MJ Day, the editor of Sports Illustrated Swimsuit, said in a statement that Ms. Sampaio had been on her radar for some time and that she had noticed her passion for activism, calling the Sports Illustrated rookie a “true pioneer for the LGBT+ community.”

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Originally posted by 6ixStringJack:
Learn to code, bitches.

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