Maybe these will help: [1] Amazon layoffs: https://news.ycombinator.com/item?id=32338354 https://news.ycombinator.com/item?id=32338354 [2] Walmart's strategy

Maybe these will help: [1] Amazon layoffs: https://news.ycombinator.com/item?id=32338354 https://news.ycombinator.com/item?id=32338354 [2] Walmart's strategy vs. Amazon: https://www.youtube.com/watch?v=vx_XGfGB2VE https://www.youtube.com/watch?v=vx_XGfGB2VE [3] Ad industry slowdown: https://news.ycombinator.com/item?id=32338444 https://news.ycombinator.com/item?id=32338444 Hypothesis: Ecommerce and ads boomed during the pandemic, and this fueled Walmart to aggressively compete with Amazon. The extra money during covid was invested in these riskier, more "innovative" efforts. Now that consumer spending and the ad industry is slowing down, the growth prospects on these sectors and the corporate workforce behind them is no longer sustainable. Maybe they over hired and now need to be more conservative.