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That was WELL under 20% of their workforce. I think it was 1 or 2%.
by zippergz 4y ago
That was WELL under 20% of their workforce. I think it was 1 or 2%.
- ajross 4y agoLooks like it was 15%, and actually in January 2001: https://www.wsj.com/articles/SB980887670133130934 https://www.wsj.com/articles/SB980887670133130934 But it was very heavily covered at the time, and viewed as a sign of the inevitable collapse of the internet economy. They ended up doing OK.
- puranjay 4y agoBut that’s just one company. And Amazon is pretty much one of the greatest businesses built in the last 50 years. How many others like Amazon did 20% layoffs and then died anyway?