Super interesting seeing companies grow like wildfire and overspend as returns for investors skyrocket, and then as the market swings downward, they buoy their stock prices a bit by just as quickly cutting heads. The inverted accountability scheme for leaders doing this is another perverse enabling factor; I've complained about this before, but that tends to lead to flames about why founders etc. can't have ownership…
Amazon job cuts: Read the memos
31–40 of 102 posts
Re: Amazon job cuts: Read the memos
#32Re: Amazon job cuts: Read the memos
#33Super interesting seeing companies grow like wildfire and overspend as returns for investors skyrocket, and then as the market swings downward, they buoy their stock prices a bit by just as quickly cutting heads. The inverted accountability scheme for leaders doing this is another perverse enabling factor; I've complained about this before, but that tends to lead to flames about why founders etc. can't have ownership…
The whole idea of capitalism involves competition and consistent growth, right? In any human society, that leads inevitably to war and conquest. It also means exploiting whatever resources are available, including human resources. Back in the day it was using colonial slaves to cheaply mine resources, deforesting for fuel/ships/etc, or hunting animals to extinction (food, oil, pelts, etc). Today it's using cheap labor in 3rd world countries, dumping chemicals in rivers, deforesting rainforest for cattle pasture. And when a competitor (foreign empire or corporation) threatens you, you basically work to either destroy or own the competition and their citizens/customers (although you might also simply make a backroom deal for peace). All for the wealth and glory of a corporation/CEO/board/Emperor/nation.
Our companies are just acting as the new empires of global society. Have been for nearly a century, when the old empires began to crumble. Same humans, different maps & hats.
Re: Amazon job cuts: Read the memos
#34Re: Amazon job cuts: Read the memos
#35There's rarely any talk about how many of these (if any!) are actually contractors / vendors. All the big companies have outsourced a huge number of staff to agencies (presumably to be more flexible in short-term budgeting and "turning the resource off", when needed, so they don't have to worry about the legal intricacies, as that is by-design conveniently also outsourced to the vendor in most cases). Curious if the…
Wouldn’t the contracted firm be doing the layoff not the tech comp?
Interesting take!
Re: Amazon job cuts: Read the memos
#36Earlier quoted context omitted.
> I'm not seeing a clear solution for this culture of toying with thousands of peoples' lives for a quick buck A bit over-dramatic, no? Nothing to say about the employees who left their companies for Google to "make a quick buck"? Business expand and contract. Should Google be considered a retirement home? The people who took these jobs are smart men and women who will go on to work at other companies. This isn't new…
Seriously, these companies were and still are paying insane salaries. I have no sympathy.
Re: Amazon job cuts: Read the memos
#37There's rarely any talk about how many of these (if any!) are actually contractors / vendors. All the big companies have outsourced a huge number of staff to agencies (presumably to be more flexible in short-term budgeting and "turning the resource off", when needed, so they don't have to worry about the legal intricacies, as that is by-design conveniently also outsourced to the vendor in most cases). Curious if the…
Re: Amazon job cuts: Read the memos
#38Earlier quoted context omitted.
Do you think these people would have been better off if tech had carried net fewer heads the past couple of years? Having an extra 100k employed for two years is worse than those jobs just never existing?
There is also every other company in the economy who couldn’t compete with Google for engineers
Should I care? After all it is about my salary
Re: Amazon job cuts: Read the memos
#39Super interesting seeing companies grow like wildfire and overspend as returns for investors skyrocket, and then as the market swings downward, they buoy their stock prices a bit by just as quickly cutting heads. The inverted accountability scheme for leaders doing this is another perverse enabling factor; I've complained about this before, but that tends to lead to flames about why founders etc. can't have ownership…
Do you think these people would have been better off if tech had carried net fewer heads the past couple of years? Having an extra 100k employed for two years is worse than those jobs just never existing?
From the hyper-scale startup point of view, it's blatantly unsustainable and frankly irresponsible to play fast-and-loose with people's careers by hiring them and then making the position redundant, sometimes within less than a year; even six months in some cases that I've known. The best one can hope for is a generous severance so as to buy time to find a new job in an increasingly crowded market.
Re: Amazon job cuts: Read the memos
#40There's rarely any talk about how many of these (if any!) are actually contractors / vendors. All the big companies have outsourced a huge number of staff to agencies (presumably to be more flexible in short-term budgeting and "turning the resource off", when needed, so they don't have to worry about the legal intricacies, as that is by-design conveniently also outsourced to the vendor in most cases). Curious if the…
OTOH, not all full time roles have an actual human assigned. They could also be budgeted for, but not filled yet. Post 2008, managers usually kept a couple of unfilled roles for events like this.