For me, even with these layoffs, not everyone will lose their job. Amazon and other companies will keep valuable employees. This means that wherever you work, you must constantly improve yourself and give value unless you don't like your job and want to leave. Being valuable ensures job security, even in tough economic situations like now. If you're indispensable, companies won't let you go easily.
Does knowing about layoffs make you want to avoid corporate work?
Reference:
https://techcrunch.com/2024/10/11/tech-layoffs-2024-list/Whether you're working for others or you're an entrepreneur, it's very important to constantly upgrade your skills and be in tune with the latest happenings in your area of interest. Technological advancements have taken over the jobs of many people, so if you want to continue being relevant either in your job or business, you have to upgrade yourself. The way many economies are going today, it has become important that everybody should not depend on only one source of income. Multiple sources of income, either getting a second job, learn a relevant skill where you can earn extra or diversify your funds into an investment that will give ROI. You might lose your job or business at anytime, if you don't have a plan b for making money, that can be a one way ticket to poverty.