More Amazon layoff confirmed
https://www.linkedin.com/news/story/bezos-sells-2b-in-amazon-shares-5931980/
LinkedIn News
Execs have sales pre scheduled in advance, I would never read much into an exec selling shares.
But what if you were an idiot like OP?
You mean the type of person that forgets layoffs = reducing costs and lowering cost increases profit so stock would like the news
You’ll do well working for business insider with these click bait posts. He has been selling for years now. He is accelerating it now that he is out of WA and their cap gain taxes. There might be more layoffs but this has nothing to do with it.
He sells to fund Blue Origin.
No. Sanchez needs new boob jobs.
Rick?
Someone needs to learn what the word "confirmed" means.
damn no cap gains taxes on 2b is crazy
Taxes are for the middle class
I think it's just "no state tax". There will still be federal level capital gains tax.
If anything, this means bezos expects no more layoffs
Will he have to pay taxes on the 2b?
We will have to pay taxes for that 2b
Federal taxes yes. FL state taxes no. WA state taxes for the time he was living and working there when the RSUs were vesting? Maybe
There is a lot of restructuring going on across Amazon. Heard few AB folks were let go yesterday
Which org?
What is AB
What is the root cause? Is it due to AI? Can ICs do anything about it.
Definitely not related to AI, lol.
Even the shares got laid off
You mean PIP?
All those shares were LE