Comment Re:Wanna stop layoffs? (Score 1) 62
Wow have you looked around lately? People have to spend more on basics. Despite Trump’s lies, the average consumer pays for tariffs. People are spending less on nonessential items. Guess which company gets less business: Walmart where people get food or Amazon where they get nonessential goods? Amazon. That is a direct effect.
Secondary effects are that the Trump trade wars have greatly impacted industry like tourism. As local businesses suffer they start layoffs. Guess where those laid off people don’t spend money: Amazon.
As public company that must report earnings every quarter, to ensure increased profits for shareholders, Amazon must cut costs like staffing costs.