So, approximately 1% of its workforce.
It's higher fraction of corporate workforce, though.
Amazon has raised the number of jobs it plans to cut 18,000
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Re: Amazon has raised the number of jobs it plans to cut 18,000
#12Earlier quoted context omitted.
So in line with the amount of turnover each year anyways due to "rank and yank" policies, be it official or just the implicit result of management's actions. The news industry is incredibly desperate for stories about layoffs it seems.
> The news industry is incredibly desperate for stories about layoffs it seems. I don't think this is an informed take. Amazon not only cancelled all hires but also increased the number of employees they want to fire. From the first time in the company's history, they explicitly announced they were going to fire people in a purely cost-cutting approach and in a way that was not tied to employee performance. If anythi…
Or that it’s downsizing the Alexa and other retail r&d ventures.
Re: Amazon has raised the number of jobs it plans to cut 18,000
#13So, approximately 1% of its workforce.
So in line with the amount of turnover each year anyways due to "rank and yank" policies, be it official or just the implicit result of management's actions. The news industry is incredibly desperate for stories about layoffs it seems.
Humans are bad at big numbers.
I wouldn't have guessed that was 1% of their workforce, nor the turnover rate.
I would've guessed 150-200K, and 25%/year turnover.
Even though this means more people. 18k still sounded huge until I wrote this comment.
Re: Amazon has raised the number of jobs it plans to cut 18,000
#14So, approximately 1% of its workforce.
These aren't evenly distributed. I doubt any warehouse or fulfillment people are affected by this. These are people in corporate and technology roles , so it's a bigger number than 1%
Warehouse and fulfillment already has pretty aggressive turnover rates already too; rather sure it would be suboptimal to make the position look less secure when you’re already churning through bodies so quickly.
Re: Amazon has raised the number of jobs it plans to cut 18,000
#15Earlier quoted context omitted.
So in line with the amount of turnover each year anyways due to "rank and yank" policies, be it official or just the implicit result of management's actions. The news industry is incredibly desperate for stories about layoffs it seems.
> The news industry is incredibly desperate for stories about layoffs it seems. I don't think this is an informed take. Amazon not only cancelled all hires but also increased the number of employees they want to fire. From the first time in the company's history, they explicitly announced they were going to fire people in a purely cost-cutting approach and in a way that was not tied to employee performance. If anythi…
And they can start that hiring engine back up the morning after they make that press release.
If you simply went through all of a company like IBM's announced layoffs of some percentage, you would find their headcount rapidly converges to a value of 0% sometime early in the company's history. Last time I checked, IBM is a not yet an AI-run business to the best of our understanding.
Re: Amazon has raised the number of jobs it plans to cut 18,000
#16So, approximately 1% of its workforce.
I don’t think they lay-off the warehouse workers since the work is so shit that it naturally has very high turnover.
Re: Amazon has raised the number of jobs it plans to cut 18,000
#17Earlier quoted context omitted.
So in line with the amount of turnover each year anyways due to "rank and yank" policies, be it official or just the implicit result of management's actions. The news industry is incredibly desperate for stories about layoffs it seems.
The media hates tech because tech ate their lunch first. Any bad news gets immediate coverage, and when they’re out of that they start to make up problems.
It’s more than that, it’s also that all of the wannabe journalists out there have contempt for people that are more successful than them that are lower social status.
That being said I don’t think that has anything to do with Amazon in this case, just negative coverage of tech more broadly.
Re: Amazon has raised the number of jobs it plans to cut 18,000
#18Re: Amazon has raised the number of jobs it plans to cut 18,000
#19Why did so much tech go on a pandemic hiring spree? Did they think it was going to last forever? I don't understand all everyone ( in tech ) made the same mistake. "oh let's increase our headcount by 25% in response to a pandemic that is mutating and gradually lessoning in severity while vaccines and other medicines are dramatically increasing in efficacy... but it's going to last forever." what am i missing? How did the whole industry get it wrong? Did they think the whole planet was goign to be ok with these authoritarian hobby regimes keeping everyone locked inside glued to a monitor?
Re: Amazon has raised the number of jobs it plans to cut 18,000
#20Why did so much tech go on a pandemic hiring spree? Did they think it was going to last forever? I don't understand all everyone ( in tech ) made the same mistake. "oh let's increase our headcount by 25% in response to a pandemic that is mutating and gradually lessoning in severity while vaccines and other medicines are dramatically increasing in efficacy... but it's going to last forever." what am i missing? How did…
What makes you think it was a mistake? Could very well have been planned. "Lets hire like crazy in order to meet demand, and when the demand disappears again, do layoffs".
Probably someone calculated something somewhere saying "If we hire 25% more people to take advantage of the increased demand, we'll earn more profits even with layoffs with heavy severances for everyone after X months".