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Ken McElroy Show

Amazon Layoffs Are a Warning the Economy Is Quietly Slowing

Ken McElroy Show

Ken McElroy

Education, Business News, Business, Investing, News

4.7712 Ratings

🗓️ 10 February 2026

⏱️ 34 minutes

🧾️ Download transcript

Summary

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This week's livestream playback!

Amazon layoffs aren’t just about Amazon. They’re a signal that hiring is slowing, companies are choosing profit over growth, and the economy is quietly shifting gears. Ken and Danille McElroy break down what falling job openings, rising quiet layoffs, and AI-driven efficiency mean for the Fed, real estate, and why more deals are starting to fall apart.

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Transcript

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0:00.0

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0:10.0

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0:17.0

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0:22.6

lounge, it's just a better way to do business. Book now on emirates.com. Amazon is one of the biggest

0:31.1

employers in the world, and they just announced that they are cutting jobs. And the thing about

0:35.8

Amazon is they're always ahead of the curve.

0:38.2

So we're going to discuss what this means for the broader economy.

0:42.2

Yeah, now, some of this might be seasonal, of course, but, you know, because Amazon does

0:47.3

load up, of course, you know, for the holidays.

0:50.0

I get it.

0:50.7

But Jerry, maybe we can pull up this jobs report because I think a lot of people might have seen this.

0:57.6

If you haven't seen this, this is recent in the Wall Street Journal.

1:01.5

But take a look at this chart here.

1:05.1

Obviously, job openings went up and then obviously COVID and then went down and now we're at a really really

1:14.0

an all-time low so a post-COVID low but really what I want you to focus on is the information at

1:20.2

the bottom so the new data of course had about 6.5 million open positions in December now the, the real issue, of course, is that that's

1:29.6

one million fewer jobs than a year earlier. So that's good, Jerry. Thank you. So what we have here

1:37.3

is we have jobs openings, obviously going up, right? So that's not that that's that's that's tough. And then at the same time,

1:47.2

we got the new new administration, which is what we're going to talk about, you know, the housing

1:51.7

policies, right? And can people kind of get into these hard assets right now? Yeah. So I think it's

1:57.2

important because, you know, the fact that Amazon is pulling back, and we're

...

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