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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?
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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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