When Amazon announced plans to cut 14,000 corporate jobs this week, its shares surged by 11.6%. This move demonstrates that mass layoffs are no longer alarming investors. Instead, they are now seen as a sign of corporate agility and profitability. The development marks a pivotal shift in what economists are calling the end of the post-pandemic 'labour hoarding' era, as companies move from prioritising employee retention to aggressive cost-cutting, a trend that Wall Street appears to be rewarding with soaring stock prices.
