[pjc50]

It's necessary to divide the companies making layoffs into "profitable" and "unprofitable". It is much easier to make the case for layoffs at an unprofitable company: eventually it will either have to appeal to investors or run out of money, at which point everyone will be laid off anyway.

But the big tech companies are actually profitable. Even Amazon. https://www.wsj.com/market-data/quotes/AMZN/financials/annua...

They put $470 billion through the till and ended up with $33 billion net income, for a margin of 7%. That's a normal profitable company, albeit a huge one that continues to eat the remaining retail world. You can look at the quarterly results too, but there's nothing in the rear view mirror that justifies layoffs.