The Pulse: Amazon layoffs – AI or economy to blame?

Based on declining restaurant sales and reduced parcel deliveries, Gergley predicts signs of weakening consumer spending in the US. That’s what he’s attributing for Amazon’s latest mass layoffs - not AI or over-hiring. While it does make sense for e-commerce companies to prepare for impending economic headwinds, it still baffles me how one of the most profitable companies on planet treats its employees as commodities. I’m sure they have enough cash reserves to survive the next ten years without layoffs, no?