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Amazon cuts 16k jobs

reuters.com

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Re: Amazon cuts 16k jobs

#31
It’s giving “We’ve tried everything except layoffs and we are all out of ideas”

Except that’s been Jassy’s number one tool to try and get the stock price moving.

Re: Amazon cuts 16k jobs

#32
post #4

Every large company is updating its standard layoffs announcement press release from "economic headwinds" to "AI".

yeah. pretending to innovate rather than just shed ZIRP-era deadweight. like IBM laid off a few thousand "due to AI" in 2023 , lol.

"ZIRP-era deadweight"

that's 3-4 years ago now

Re: Amazon cuts 16k jobs

#33
It would be too much to ask to have fair and equal society, so instead we observe how capitalism/fascism will ruin the world over and over again.

Re: Amazon cuts 16k jobs

#34

Alexa, insert David and Victoria Beckham "be honest" meme

What's the real reason for the layoffs?

They just wanted to do a mass layoff and (for now) it looks better if you say “because AI”. It tranquilizes stakeholders because they think “AI is taking those tasks, the business will be unaffected”

Until the business gets affected

Re: Amazon cuts 16k jobs

#36
post #12

Some of these are obviously related to the closing of some of the retail businesses. And some might simply be middle management bloat that happens often at tech companies. But imagine you're one of the people who remain (e.g., not impacted by the eliminated companies or products) and now there are fewer people to do the same amount of work? I've seen that movie and it usually has an economic impact 6-9 months later w…

I haven't detected overproduction after layoff I have seen. It was other way round, people who remained were sad, depressed and demotivated. What happened was general slow down of remaining people + organizational chaos as people did not figured out yet who should fill for missing positions and how.

Re: Amazon cuts 16k jobs

#39

I feel like this is the most natural layoff I've seen in twenty years (that is not the same as saying I feel good about it). Truly, most software companies need to cut their entire roster and re-draft quite frankly. You will need less people and have entirely new goals. This is beyond "economic" reality, AI has made it intuitive to restructure and reorient. Not doing so will just mean you will be blind-sided by any c…

This is the way I see it. A lot of people can already be replaced or should be doing entirely different work to boost productivity. It is going to be a battle between people fighting for inertia and those that are looking to be ahead of the curve.

If it wasn't for an ageing society we would probably be seeing things move along faster but people have children to raise and mortgages to pay so we will see more inertia for now.

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