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Amazon confirms 14,000 job losses in corporate division

bbc.com

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Re: Amazon confirms 14,000 job losses in corporate division

#511

Post by johnnyanmac »

t-writescode wrote: post #442
anon-3988 wrote: post #378

I don't understand this thread. Is Amazon supposed to keep expanding ever and ever again? If those people are needed, then Amazon will fall (good riddance), if they are not needed then that's just good business. I don't see any issues as long as everyone plays a fair game.

Once a company reaches a certain size, it can limp along, hidden to everyone, for years - decades - before they go away. “Amazon will fail”, maybe, in 50 years, from decisions made now.

Yeah, IBM and Oracle still limped along long after they ceased being the thinktanks of innovation. Amazon limping will drag Gen Z and their retirement down with them. This isn't some level playing field.

Re: Amazon confirms 14,000 job losses in corporate division

#512

Post by johnnyanmac »

mattas wrote: post #417

It’s worth noting that they are offering folks the opportunity to find a new role internally. It’s layoffs with a touch of reallocation of people to more important projects.

And if it's anything like the external labor market, 98% of them won't actually get any answer back because there's no hiring at Amazon right now. At least, not in the US.

Re: Amazon confirms 14,000 job losses in corporate division

#513

Post by johnnyanmac »

nunez wrote: post #195

> At the end of July, Amazon reported second quarter results which beat Wall Street expectations on several counts, including a 13% year over year increase in sales to $167.7bn (£125bn). Greed is good?

It's good. Until it isn't. And then everything collapses all at once.

Re: Amazon confirms 14,000 job losses in corporate division

#514

Post by johnnyanmac »

BirAdam wrote: post #360
josefritzishere wrote: post #235

The unemployment rate in the US is climbing. If you look at a 5-year curve, it looks like nothing. But if you look at a 3-year window it's devastating. Seeing the highs of 2003 and 2009 it seems likely that it will continue to climb. https://fred.stlouisfed.org/series/UNRATE

If you'd like to be really upset, check the labor participation rate. https://fred.stlouisfed.org/series/CIVPART

New grads have an absurd unemployment rate, so I'm sadly not surprised. And this is still hiding the true economic disparity since we can't see the quality of the jobs.

I'm "employed" but am doing part time work with no benefits. It's dreadful but I still contribute to the "low unemployment". As does others who defer to Uber or Doordash for quick cash. We need a complete overhaul of job numbers down the line.

Re: Amazon confirms 14,000 job losses in corporate division

#515

Post by johnnyanmac »

jalapenos wrote: post #263
tonyhart7 wrote: post #88

does we live in era that side hustles is an necessity????

Almost no side hustles make any money, most are simply a complete waste of time and energy. Hence no, everyone still needs jobs.

Would you call ride sharing a hustle? That seems to be the modern version of "side hustle".

More Ubers and Doordashers, more people trying to make it big as influencers, and probably more cam models as well. Those are the modern "jobs" as jobs no longer wish to employ workers and you expect to bounce in and out in months, not years. In-between the AI interviews, your employer is an app and your clients are an audience to please.

Technology truly made for a better world.

Re: Amazon confirms 14,000 job losses in corporate division

#516

Post by johnnyanmac »

rvz wrote: post #134
nxm wrote: post #114

Earlier quoted context omitted.

Natural correction for excessive money printed and ultra-low interest rates in the previous years

Correct. As soon as the AI bubble pops and the true definition of AGI has been achieved i.e (30% increase in global unemployment by 2035) then it will mean the gradual decrease in many BS tech salaries. We will certainly get a huge financial crash along the way.

Incorrect. Hiring is not down despite mass layoffs in NA. Jobs aren't going way, they are shifting.

It is correct that we are due for a big crash. Prepare yourselves while you can.

>the true definition of AGI has been achieved i.e (30% increase in global unemployment by 2035)

I'll paraphrase something I heard from Twitter: "companies who really feel they are on the cusp of an AGI breakthrough to no then proceed to announce something like SORA". I don't think AGI is in the 10 year plan here.

as for 30% unenployment? I don't think we're getting to that point without other major conflicts first. I'm sure by 10% there will be all sorts of coups (as we are slowly seeing now). at 20% there will be full blown wars.

Re: Amazon confirms 14,000 job losses in corporate division

#517

Post by johnnyanmac »

cagenut wrote: post #32

everybody read 'bullshit jobs' and basically agreed at first that just meant many of us adopted a middle-aged-coasting career strategy after covid and/or having kids but now management is agreeing

Meanwhile new grads can't even start their careers to begin with and are left scambling to even take a step into adulthood. They missed the boar. kids aren't even on the horizon. What does that say?

Re: Amazon confirms 14,000 job losses in corporate division

#518

Post by mschuster91 »

jalapenos wrote: post #403
mschuster91 wrote: post #338

Earlier quoted context omitted.

The problem is, there isn't much initial facts to base on, other than that a vehicle has plowed into a crowd. In the early 30-60 minutes, you often don't even know how many people died and how many are injured because emergency services are still working on rescue (alive people) and recovery (dead people). Maybe it's political or religious terrorism, maybe it's suicide-by-cop, maybe it's a generic mental health issue…

I think usually the vehicle has not, say, been flung unoccupied into a crowd by an oversized slingshot experiment gone wrong. So it'd be nice if they'd say like "a man has ploughed into a crowd" - we'll safely assume he didn't use an actual plough since I hear those are fairly slow. It does make a difference regarding people viewing news outlets as informers rather than an arm of some kind of agenda.

If you say "a man has ploughed into a crowd", you'll get the usual suspects shouting "why don't you state THE RELIGION/THE ETHNICITY of the man". We've been through this in Germany too often, the racists immediately come out of the sewer spouting their garbage.

Re: Amazon confirms 14,000 job losses in corporate division

#519

Post by jalapenos »

mschuster91 wrote: post #518
jalapenos wrote: post #403

Earlier quoted context omitted.

I think usually the vehicle has not, say, been flung unoccupied into a crowd by an oversized slingshot experiment gone wrong. So it'd be nice if they'd say like "a man has ploughed into a crowd" - we'll safely assume he didn't use an actual plough since I hear those are fairly slow. It does make a difference regarding people viewing news outlets as informers rather than an arm of some kind of agenda.

If you say "a man has ploughed into a crowd", you'll get the usual suspects shouting "why don't you state THE RELIGION/THE ETHNICITY of the man". We've been through this in Germany too often, the racists immediately come out of the sewer spouting their garbage.

That seems a less important bother than say that a man has ploughed into a crowd.

Well, not in Europe because that's the culture, but it objectively is.

And I mean, it's not like the racists hear "a car" and think "oh it was just a car on its lonesome, not like driven by a person from [group that I hate]", do they...

Re: Amazon confirms 14,000 job losses in corporate division

#520

Post by [deleted] »

johnnyanmac wrote: post #493
gruez wrote: post #444

Earlier quoted context omitted.

>Oh no, they might only make $15 billion instead of $18 billion next quarter? Exactly. It's a for-profit company, not a charity or a jobs program.

At what point do we stop defending capitalism and realize that it's sucking society dry?

[deleted]
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