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Amazon to Lay Off over 17,000 Workers, More Than First Planned
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Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#52Try multiplying by 10 if you want to get serious Andy …
In ~2020 there were about ~67k software engineers at Amazon (aka had access to the source-control posix group), so unless you don't want Amazon to exist anymore I don't think that's plausible.
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#53Earlier quoted context omitted.
What do you mean that they aren’t even good programmers?
They just solve a few leetcode problems. The company is constantly failing to launch good tech due to technical debt and lack of ability of the engineers
Are they also engaged and interested in the work at Amazon?
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#54Here’s a thought that has been percolating in my mind for a bit since these “market adjustments” began a month or two back. Somehow at some point, in what perhaps could be blamed on the ever-hated mass produced MBAs - companies got really comfortable with the “it’s not personal, it’s just good business” of letting go of their employees for a slightest reason, or sometimes for no reason at all - just to make it look t…
Both parties treating the transaction as simply a business transaction is a good thing for society.
Pretending that there is some value to "loyalty" in a vendor/customer relationship is silly, and only hurts you.
Job hopping is a good thing for price discovery, and keeps wages for skilled workers going up as inflation eats away at them. Layoffs in downturns are an expected consequence of workers getting more expensive (ie capturing more of their economic value in their paychecks).
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#55It's crazy that AMZN announces this and the stock goes up in after hours trading. People are losing their livelihoods yet rich people only care about the potential higher profits. This is very disconnected from reality, amzn needs consumers to buy their products. If layoffs keep piling up higher and deeper something is going to break and hello recession!
> If layoffs keep piling up higher and deeper
To put the current situation in perspective, the last unemployment rate reading was 3.7%, a level so low that it was never hit in the entire period 1970-2018.
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#56[flagged]
I guess this is a new target for the anti-woke axe grinding - corporate CFO's. Never thought I'd see it honestly.
I think it's an interesting synthesis of the corporate-skeptical populist ideology with the non-white skeptical racialist ideology, so I guess we should be expecting far more of this in the next two years. Thankfully, I think most people this is just kinda weird culture war BS.
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#57[deleted]
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#58Here’s a thought that has been percolating in my mind for a bit since these “market adjustments” began a month or two back. Somehow at some point, in what perhaps could be blamed on the ever-hated mass produced MBAs - companies got really comfortable with the “it’s not personal, it’s just good business” of letting go of their employees for a slightest reason, or sometimes for no reason at all - just to make it look t…
> We are seeing a bit of a market downturn - but it hasn’t hit Amazon pocketbook now, has it? Are they in danger of running out of money? What happened to “people are our most important resource”?
Companies plan for where the market is going, not last quarter’s results. It’s fully clear to everyone that the economy has shifted dramatically. They are adjusting as appropriate.
Also, these people will be laid off with severance. They were compensated toward the top of market (considering all tech companies) while they were employed. They have Amazon on their resume, which makes future job easier than average. I’m really not concerned about laid off (with severance) FAANG employees relative to the people earning literally 1/10th their comp who are losing jobs without severance.
> people started treating companies they way companies treating people and we are starting to see the results - quiet quitting, oft bemoaned lack of loyalty, job hopping, etc.
I really don’t think this is an appropriate comparison. The whole “quiet quitting” thing isn’t going to hurt companies like Amazon because they’ll just PIP the person out and replace them with the tens of thousands of qualified people wanting to get hired at Amazon and do good work. When some “quiet quits” it’s usually their peers who pay the price because the absentee coworker isn’t get their part of the team project done. Makes more work for everyone else, makes groups projects late, and potentially brings down performance reviews of people depending on their work to get their own work done. It’s not fair to write “quiet quitting” off as only affecting the company, because the company is going to be fine. It’s the coworkers who bear the brunt.
(Source: Had some “quiet quit” team members over my career, suffered greatly during those times)
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#59It's crazy that AMZN announces this and the stock goes up in after hours trading. People are losing their livelihoods yet rich people only care about the potential higher profits. This is very disconnected from reality, amzn needs consumers to buy their products. If layoffs keep piling up higher and deeper something is going to break and hello recession!
In general layoffs especially when they are proactive, which in this case they seem to be, show investors that the company is being fiscally responsible. This isn't an indication that Amazon is going to increase profitability it's a sign to investors that they are taking in recession indicators and adapting accordingly. It doesn't seem malicious it seems perfectly reasonable and sane. Of course it's Amazon so there i…
I don't understand how its rational unless you assume staff have negative value. They don't, they have positive value, nothing gets done without staff. More staff means you output more work and make more money. Staff should be the last thing to cut.
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#60Here’s a thought that has been percolating in my mind for a bit since these “market adjustments” began a month or two back. Somehow at some point, in what perhaps could be blamed on the ever-hated mass produced MBAs - companies got really comfortable with the “it’s not personal, it’s just good business” of letting go of their employees for a slightest reason, or sometimes for no reason at all - just to make it look t…
Or maybe the MBA graduates are just fixing the sinking ship that engineering teams created with over-promising technology and demanding growth for their teams so that they could get bigger budgets: VR, meal delivery, AI, etc. ?
I have an MBA man I wish I was one of these master of the universes deciding to hire and fire 17,000 people at a company. Do you need the Stanford MBA, Harvard, Wharton? Does Berkeley suffice these days or do you still need the private Ivy League degree first?