Big Tech is spending billions to not employ people

Amazon CEO Andy Jassy. Noah Berger/Getty Images for Amazon Web Services We looked at how much tech companies spent on departing employees in the past year. Amazon spent the most, disclosing $2.7 billion in estimated severance costs. While Amazon is the biggest spender, both Oracle and Intel spent nearly $2 billion each. Some of the world's richest tech companies are spending huge sums to lay off employees. Business Insider reviewed the latest annual reports from some of the biggest US tech ...