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> They have Amazon on their resume the parent comment talks about "these companies". what happens when less prominent companies take a cue from fangs and start booting people out, only with crappier severance and crappier resumes? this is far from the last layoff.
You make sure you have savings and don’t depend on the benevolence of any company…
It'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!
> It's crazy that AMZN announces this and the stock goes up in after hours trading. No it isn't. It is quite typical for a companies stock to spike up after a layoff announcement especially when the number was higher than initially reported. And as always totally expected.
P.S. Ex-Meta who got impacted by the layoffs
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Being able to easily lay off employees means that the companies are much happier hiring, too. Most of those fired will likely land another job soon, precisely because their new employer does not have to treat their hiring as a multi-year commitment. Europe, which makes it very hard to let an employee go, tends to have significantly higher unemployment than the US, which is much more cavalier about layoffs. My 2c.
Almost as if TANSTAAFL.
TANSTAAFL / TINSTAAFL
"There ain't no such thing as a free lunch."
https://www.investopedia.com/terms/t/tanstaafl.asp
Also, if I may add: I wish there were more substance in your comment. This non-sequitur was disappointing.
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No, like most people I think your hangups are just really weird. I guess it'll take until November 2024 for that to sink in for you.
I understand you find Brian O’s racism and funding of terrorists who shoot black kids to be normal — even something that you’re proud of. And that you find it strange people would object to that. I think you’ll be surprised that outside your bubble, most Americans don’t support CFOs funding terrorists that murder children. Again, I think this points to a clear lack of morals from you.
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This is a wonderful observation. When I was a kid my dad said "companies won't think twice about dumping you, don't worry about dumping them." But he worked in the same place for forty years. Sometimes he was treated well, sometimes he wasn't. It occurs to me what a relic that world is but also how it sounded bizarre when my dad said that to me in the early 00s. At that time there were still "lifers" all over that pl…
The other day I heard on here the phrase "cattle, not pets" used as how to treat servers. This seems useful in this context too.
Here’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…
This was covered in ArsTechnica [1] and it seems like they are laying off a large portion of the Alexa team because it doesn't make a profit. I bought the Alexa when it first came out and it had and still has a great UI. When the Alexa launched I made a skill on the platform which I don't think anyone really downloaded. What confused me the most was Amazon never allowed for paid skills (which I really think was an ex…
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Since you are saying the programmers they hired aren't good, it sounds like you have personal knowledge of the situation (or a bone to pick)
I have personal knowledge
AWS guys laid off today according to posts on blind.
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Laying people off reduces one of the biggest costs to an organization, thus making it more profitable (even if in the short term), thus the stock price rises. Stocks are always forward looking and investors believe that by cutting down costs and re-focusing will make amazon worth more in the future.
How can a company be more profitable with less workers if the workers are the source of the profits?