Dang.... since the title didn't create enough outrage, wsj changed it to "more than 18,000 workers"
I think that the title should be updated per the rules of this community
Amazon to Lay Off over 17,000 Workers, More Than First Planned
331–340 of 498 posts
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#332Earlier 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
My favorite interview question was "Do you know Leetcode?". I said yes and prepared my brain for the problem-solving portion of the interview. But no. That was the question with no follow-up. One of the two got sent back to the offshore team and even eventually to the offshore's offshore team, and the other guy got sent back but then somehow returned to the onshore offshore team.
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#333Earlier quoted context omitted.
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…
I thought product teams were responsible for that. Engineers just do.
In the business world the engineers are like the Wehrmacht.
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#334Earlier quoted context omitted.
> People are tired of job hopping to get market pay If nobody moved from job to job, there would be no market .
There would be a lot fewer recruiters, and more experienced engineers. Also a less monolithic tech culture. Right now every employee is more or less compatible across every company because we all seek to be transferable
There also would be less innovation as there would be less cross-pollination.
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#335Back in 2008, a woman I was dating worked for a subsidiary of PepsiCo and was laid off by Indra Nooyi's decision to create "financial breathing room" in response to the economic storm clouds that were gathering. The Financial Times described it as "just 1.7% of the group's global workforce." Meh. 1.7% Because of the economic collapse of 2008-2009, she didn't find another position for well over a year and a half, damn…
What's the point of this story? That your government is failing at social welfare so people are relying on PepsiCo for charity?
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#336Earlier quoted context omitted.
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
My favorite interview question was "Do you know Leetcode?". I said yes and prepared my brain for the problem-solving portion of the interview. But no. That was the question with no follow-up. One of the two got sent back to the offshore team and even eventually to the offshore's offshore team, and the other guy got sent back but then somehow returned to the onshore offshore team.
Who are "these guys"?
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#337Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#338Earlier quoted context omitted.
Japan makes it very hard to lay off employees too, but unemployment is very low.
Japan also has a stagnant or declining labor pool size.
Yep, a lower-than-replacement birthrate combined with a hostile immigration policy that is against permanency will do that.
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#339Earlier quoted context omitted.
Simple growth does not indicate that Amazon's quarterly reports are "all good" - Amazon like all other companies are valued based on their future earning potential. Amazon in particular has given very soft revenue and growth guidance compared to what they were earlier expecting, hence, they are one of the worst performing tech stocks right now. In absolute terms, both Amazon and Apple are first place for evaporating…
> In absolute terms, both Amazon and Apple are first place for evaporating 800 billion dollars in market cap EACH over the last year. In relative terms, Apple is in first place for the largest market cap in the world of any company, and Amazon is in fifth place. They're totally fine. Think of it this way: Amazon is still more than twice as valuable now as it was 5 years ago. Short-term investors will live by the swor…
> Short-term investors will live by the sword or die by the sword, but long-term investors are fine.
Well, and also some of the employees there, regardless of their length of service. This whole thread is more from the POV of the tech workers getting laid off than investment performance.
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#340Earlier quoted context omitted.
Japan also has a stagnant or declining labor pool size.
Yep, a lower-than-replacement birthrate combined with a hostile immigration policy that is against permanency will do that.
> a hostile immigration policy that is against permanency will do that.
Why are you spreading lies? Permanent residency is really, really easy to get in Japan, unlike the US where you have to win a lottery.