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Amazon to lay off 10K employees, FTX saga update, Shopify's reverse AR platform & more | E1612
This Week in Startups
Is This the Start of Austerity Measures at Amazon?
Jeff Bezos has said, hey, it's time to batten down the hatches. It feels to me like this is the start of austerity measures at Amazon. I would suspect they're going to do this two more times to get up to 10% maybe. So despite how hard this is, Molly, for the people impacted, this might be peak.
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