Amazon layoffs flood already saturated job market

Bullish Gator

After Amazon’s largest cuts, laid-off workers face a crowded job market and tougher prospects, CNBC’s Annie Palmer reports.

Editorial companion

What stands out

CNBC's Annie Palmer walks through what happens when a company the size of Amazon trims its workforce into a market that already has more resumes than openings. Layoffs are a human story, yes, but they also change spending patterns, raise the probability of one-time charges, and can presage margin pressure that hits investors' spreadsheets. Given Amazon's average revenue growth of 11.7% and an average net income decline of 364% year-over-year, the labor-market shakeup ties directly to the firm's near-term profitability and longer-term strategy.