Eurodollar University BREAKING: Amazon Is Firing 30,000 Employees!! Here's What You Must Know
Oct 29, 2025
Amazon's announcement of job cuts raises eyebrows as leaked reports hint at 30,000 layoffs. The podcast dives into the implications of overhiring during the pandemic and the company's struggle to adapt. Consumer sentiment is on edge, with expectations of job stability dropping and holiday spending tightening. Amidst a backdrop of global unemployment trends, the discussion questions whether Amazon's AI justification masks deeper economic issues. Overall, the labor landscape reveals troubling signs in both employment and consumer behaviors.
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Amazon's Cuts Likely Part Of Bigger Wave
- Amazon's announced 14,000 cuts likely represent only the first phase of a larger 30,000 reduction leaked earlier.
- Management frames cuts as AI-readiness, but Jeff Snider argues macro headwinds and prior over-hiring drive the move.
Amazon Overstretched During The Pandemic
- Amazon massively expanded headcount in 2020–2021 then stopped hiring and began shrinking from 2022 onward.
- Snider says the company was misled by a temporary price illusion and overstaffed for growth that never materialized.
Labor Market Has Shifted Toward Flatness
- The broader U.S. labor market has moved from 'no hiring, no firing' to 'no hiring, some firing', raising unemployment.
- Snider links this shift to consumers' worsening expectations and firms freezing or trimming payrolls.