Aug 13, 2023
Getting Fired: Amazon (AMZN), Goldman (GS) and Microsoft (MSFT) Cut Jobs
Career coaches, recruiters and financial advisers say this is the time to
Career coaches, recruiters and financial advisers say this is the time to revisit layoff contingency plans.
Charlie Wells
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Amazon is starting the biggest round of job cuts in its history. Microsoft plans to reduce its workforce by 5%. Goldman Sachs is laying off over 3,200 people, and several Wall Street banks are considering cutting their bonus pools by as much as 30%.
The frenzied, pandemic-era burst of hiring across high-wage industries has ended. In its wake, firms are seeking to cut costs — and staff — in anticipation of a recession.