Earlier quoted context omitted.
Those idiots! Everyone and their mother knew that printing money since 2008 was going to blow up one day. Technology and unsubstantiated sectors allowed them to print without repercussions for a while and the administration and them also tried to fool people into believing the inflation was transitory... Reckless idiots. And now wage labor is the one to suffer most. 4TT in spending for BBB? Uhhuh! Even Yellen said it…
Everyone is Ludwig von Mises these days. Time to start buying stock in Keynes.
Leaked Amazon memo warns the company is running out of people to hire
541–550 of 764 posts
Re: Leaked Amazon memo warns the company is running out of people to hire
#542> Amazon founder and former CEO Jeff Bezos saw his warehouse workforce as necessary but replaceable, and feared that workers who remained at the company too long would turn complacent or, worse, disgruntled, according to reporting by the New York Times. Wow. Think about what this is really saying: Amazon adopts the explicit policy of not wanting their workers to stay on long enough to figure out that they are getting…
You'd think they'd scrap the commercials and put the budget into improving working conditions if they really cared. I doubt the cost of the ads, plus the cost of the bad publicity, plus the cost of employee churn is really worth it. Why not just do the right thing? Even if it made them sightly less profitable, so what?
Re: Leaked Amazon memo warns the company is running out of people to hire
#543Earlier quoted context omitted.
As a result, AWS engineers are very much promotion oriented. This leads to two results: title inflation and disgruntled employees. L6 used to be a big deal but not any more. L7 is now the new L6. The challenge with this arrangement is that whoever got promoted early on but stayed in the same level get less in return. And apparently it's human's nature to compare. When engineers see that their peers get promoted to L7…
The US military is the same way. Officers get promoted, or they retire. I.e. "up or out". In the AF, your performance reviews need to be "firewalled" or it's time to leave.
What does firewalling a performance review mean?
Re: Leaked Amazon memo warns the company is running out of people to hire
#544Re: Leaked Amazon memo warns the company is running out of people to hire
#545Earlier quoted context omitted.
That seems like a good (albeit cynical) strategy to be honest. 80% of your users only care about 20% of the features, and by offering as many different services as possible, you minimize the number of purchasing decisions that customers need to make. Are all your offerings just OK or even mediocre compared to the competition? Yes. Do most customers care? No, as long as it's adequate and doesn't actively cause problem…
> everyone agrees that the website is tired, ugly, and slow, but lots of people still do all their shopping from there because they're used to it and it's easier than maintaining accounts with 15 different retailers with 15 different websites Slow compared to what? Amazon's website feels more responsive and more usable than 90% of online stores I've seen that carry orders of magnitude less variety of inventory. It lo…
Re: Leaked Amazon memo warns the company is running out of people to hire
#546Not surprised to see this pop up. I interviewed for a position with Amazon a few months back to lead up a new research program to determine how they can better recruit and retain hourly workers. I had no intention of taking the job, but was curious so I took the interview. What stood out was just the sheer scale at which they're operating - they're literally up against the constraints of domestic labor supply. I have…
If true, that puts a different light on things -- how the combination of having such a large labor force and a strategy to intentionally have high turnover combine to exhaust the labor supply, sure.
Re: Leaked Amazon memo warns the company is running out of people to hire
#547Earlier quoted context omitted.
Let alone which ones are the good ones. That only comes from experience. AWS never cancels anything... but they never complete anything either and they abandon 80% of their products in minimum viable state, where "viable" is defined by the PM's bonus packet, not by anyone who has to use the damn thing.
And the level of actual integration of various services varies a lot (I mean, you expect things like IAM to be included if it's AWS service, right? Lol nope) plus then there's stuff that will be documented with something like one paragraph in docs and highly paid support engineers will never find anything internal about it, so you end up building a complete SSO solution for AWS from scratch...
Re: Leaked Amazon memo warns the company is running out of people to hire
#548Earlier quoted context omitted.
While the comment you're replying to is wrong, these empirical studies are ridiculous. Every price has some elasticity, but the fact is that if a worker earns an employer $8 an hour in revenue, they're not going to pay that worker $9 an hour, and if the minimum wage was greater than $8 an hour, then that worker would be out of a job, thus making $0 an hour. The studies about the price elasticity of labor also don't b…
> Every price has some elasticity, but the fact is that if a worker earns an employer $8 an hour in revenue, they're not going to pay that worker $9 an hour, and if the minimum wage was greater than $8 an hour, then that worker would be out of a job, thus making $0 an hour. One of the many fallacies here that hasn't already been pointed out is that it's impossible to determine the exact amount of revenue a single emp…
But sales people have a pretty directly attributable profit contribution.
Re: Leaked Amazon memo warns the company is running out of people to hire
#549Earlier quoted context omitted.
Well not quite. They exist because they are profitable on average.
You think that most companies that are YC funded and seeking additional rounds of funding are profitable?
It could mean that, but in all likelihood it means that some YC funded companies make huge amounts of money for YC that sufficiently balances the losses that they keep doing it.
Ya know, like most investment (that works).