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#1 - Alex’s Peloton. Amazon lays off 18,000. Shopify bans meetings. Bed Bath and Beyond bankrupt. Salad Spinners and Greta.
The Outsiders with Chris Bakke, Alex Cohen and Michael Girdley
Is Peloton a Baby Layoff?
The number of companies doing subsequent 12 to 15% layoffs, like over and over has been pretty astounding too. I think in the real estate space, you've seen this with Redfin and Compass and better. So that's the most painful thing to watch. And who knows if Amazon's in that boat, but feels like they easily could be. Right? If enough things slow down with their consumer business. This feels like sort of a baby layoff to sort of potentially weed out some other performers.
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