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Looks like it was 15%, and actually in January 2001: https://www.wsj.com/articles/SB980887670133130934 https://www.wsj.com/articles/SB980887670133130934 But it
by ajross 4y ago
Looks 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?