Recession.
Daimler Chrysler slashes 26,000 jobs.
Disney cuts 400.
Amazon may have cut 20%.
It isn’t nice (1
2).
But dot-coms might still do well, since software, labour and real-estate
costs will start falling?
More recession
I'm observing massive layoffs at Disney, Amazon, and Daimler Chrysler as the 2001 recession takes hold. While job losses are tough, dot-coms might find relief as the costs of labor, real estate, and software begin to decline.