Amazon, Facebook, and Disney Prepare for Sweeping Cuts


Economic picture is still looking pretty miserable. We got word today that Amazon is laying off 9000 more workers. This is in addition to earlier cuts, we had word of massive layoffs, of course, about 10,000 at Facebook. And now Disney is laying off 4000 people, Disney managers have been told to identify the 4000 people that they want to cut. So it's getting kind of ugly out there. Clearly, a lot of people are preparing for a more challenging economy. But you wouldn't know it by looking at the stock market today. We've

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