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Amazon to Lay Off over 17,000 Workers, More Than First Planned

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Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned

#411

Post by kakoni »

makeitdouble wrote: post #375
ptero wrote: post #73

Earlier quoted context omitted.

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.

Europe makes it _costly_ to let an employee go. You can get rid of 20 people for next monday if you want to, you’ll just pay the due amount as defined in the contract and the law. It’s also not some astronomical amount, worst case scenario I think it’s around 6 months of pay, which isn’t that far from what you’d pay for a non compete for instance. PS: also unemployment is a complicated figure, it’s hard to tell how m…

In Finland its actually easy and cheap to do massive layoffs at once. But very difficult and costly to let single employee go.

Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned

#412

Post by 2000UltraDeluxe »

mixmastamyk wrote: post #277
ookblah wrote: post #267

Earlier quoted context omitted.

eh what? even 15 years ago it was common knowledge to just jump around every few years to advance your career. maybe it wasn't all out "f* these guys" but we definitely had no illusions about employer "loyalty" lol.

Likely depends on your age and/or experience.

Indeed. Similar discussions were held when the dotcom bubble burst. I doubt it was the first time.

Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned

#413

Post by EFreethought »

lmm wrote: post #281
justahuman74 wrote: post #9

Earlier quoted context omitted.

There is nothing to justify though. Stock prices are external opinions based on market factors, and other companies making staff cuts is their own problem. If the voting majority of the google board is happy with the revenue/profit/growth/staff then why would they cut

Why would the board be happy? Do they think they know something the market doesn't?

Well, if they understand the concept of "business cycle", then yes, they do.

Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned

#414

Post by rightbyte »

vgel wrote: post #232
Patrol8394 wrote: post #212

Earlier quoted context omitted.

> “people are our most important resource” Did you ever believe it? It makes me throw up every time I see corporate messages speaking of family and employees being their most important resource. I have been around for long enough and I have learned that a job is just a contract between parties and it exists for as long as both parties can benefit from it. Don't get caught up in the whole companies family kind of bs o…

> It makes me throw up every time I see corporate messages speaking of family and employees being their most important resource. Relevant joke: An engineer is messaging with her boss on Slack after hours. The boss is talking about how his brother is in the hospital. The engineer asks "What are you gonna do?" and the boss responds "Well, he is family..." The engineer says "You're gonna make him come in on weekends?!"

"The engineer says 'What? Should I just let him go?'"

There might be a joke in there somewhere. But your version have bugs.

Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned

#415

Post by mindentropy »

scruple wrote: post #131
scarface74 wrote: post #122

Earlier quoted context omitted.

You make sure you have savings and don’t depend on the benevolence of any company…

And network, network, network!

In my whole career it was very rare that someone from my network helped. All calls for help would be met with a polite "sure" and then went missing. Some give me a lecture on how to lower my expectations or something else.

Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned

#416

Post by gizmondo »

dkrich wrote: post #405
jackcosgrove wrote: post #290

Earlier quoted context omitted.

The Fed is trying to trigger a recession, although they'll never come out and say it, because they want to increase the unemployment rate. Increased unemployment will put a stop to both price and wage inflation. At this point the Fed is trying to prevent a wage price spiral and a resetting of expectations among the public towards more inflation.

Nah it’s more complicated than that. The fed is saying that because it’s currently a populist view. However their will to actually cause widespread distress and a severe recession will be tested when the populist view shifts back which we are likely not far from. If you look at this fed from 2018 on it’s readily apparent that everything they do is to appease the popular narrative. Economy needs rescuing from covid? O…

> That sounds silly but does nobody find it at all odd that every fomc rate decision is entirely arbitrary whether they go 25, 50, 75 or more and yet cnbc predicts the exact rate decision every time?

That's because the Fed communicates what their next steps are likely to be beforehand. And if circumstances change and predictions are no longer correct, the Fed leaks information before their meeting to make them correct. That's what happened with the first 75 hike in this cycle.

Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned

#417

Post by granshaw »

seb1204 wrote: post #292
bee_rider wrote: post #201

Earlier quoted context omitted.

“Quiet Quitting” is a wildly over-dramatic name for just doing your job at a “meets-expectations” level.

Thank you for this sentence that helps to correct my perspective. Not everyone is aiming high, some just want to go home and tend e.g. to their garden or walk the dog.

Or, you know, have energy leftover for their family

Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned

#418

Post by killingtime74 »

CoastalCoder wrote: post #295
jdminhbg wrote: post #261

Earlier quoted context omitted.

Yes, I totally agree. The whisper quiet vans driving safely and unhurriedly up and down the street where my kids play are a much better solution. I hope that your plans to legislate the status quo into permanence are successful.

I may have a stale understanding of the laws regarding drones in the U.S. But my understanding is they can basically hover around / over your property without your consent. That's very different from vans driving on public roads and (when I've ordered something) parking in my driveway.

I mean planes and satellites also flyover your house without your consent. Do you think you own all the airspace from your house to the edge of the atmosphere?

I don’t work at Amazon, just curious about your reasoning.

Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned

#419

Post by andirk »

CydeWeys wrote: post #342
andirk wrote: post #323

Earlier quoted context omitted.

I don't understand why Netflix is part of FAANG. We should take it out of the acronym.

This is why: https://www.levels.fyi/companies/netflix/salaries/software-e...

It's only one product that does one thing: shows videos. It's huge and great but I still think we should replace it with AirBnb, which also has high salaries, in the acronym.

Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned

#420

Post by additall »

VincentEvans wrote: post #36

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…

Because it's leasing an asset, not owning one.
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