It's interesting that the AI is taking job story is so prevalent in these sorts of posts even though there's zero indication of it in any financial analysis. Amazon and big tech companies like it are using AI as the smoke screen to cover up the obvious, which is these companies have lost their ability to grow exponentially. Since their stock price and debt demands this impossible growth, they are now starting the dying process. It will probably take years and maybe even decades, but they will continue to cut costs until they become the next Sears.

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drawnwren 3 hours ago | parent | next [-]

when you consider AMZN's p/e ratio is under 35 and WMT is closer to 45, what makes you think this?

	▲	boh 3 hours ago \| parent [-]
		P/E isn't a future projection. There is literally no analysis that asserts Amazon will achieve the same growth rate in the future that it achieved in the past. It will retain stock value by eating itself for a while (could be a long time), then die.

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sublinear 3 hours ago | parent | prev [-]

I agree and I also think a lot of what used to require the cloud is now becoming local and private.

Cost structures are changing everywhere, not just in big tech. Hiring has stayed about the same everywhere else and the job descriptions for an SWE in the normal corporate world seem focused on getting off AWS, GCP, etc.