Week in Geek Podcast: Why Amazon cut hundreds of jobs the same week it became a $700B company
Amazon cut hundreds of jobs this week, but the company is still increasing its workforce overall, and market value continues to rise — in fact, it became the third most valuable company in the U.S. this week with a market capitalization of more than $700 billion. So why the cuts?
GeekWire’s Todd Bishop and John Cook share their theories on the latest Week in Geek Podcast. Plus, bike sharing company LimeBike introduced electric-assisted bikes to the Seattle streets — we hear first-hand from GeekWire reporter Monica Nickelsburg about the ride experience and the program’s goals.
On the random channel this week: Snapchat’s unpopular redesign and why one longtime Seattlite thinks “Seattle sucks now.”
This week’s stories:
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Amazon confirms job cuts at Seattle headquarters, hundreds of positions impacted
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Amazon is worth more than Microsoft: Market value surges past $700B, now 3rd largest U.S. company
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LimeBike rolling out electric bicycles in Seattle, San Francisco and several other cities
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