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
#2[deleted]
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#3Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#4How is Google avoiding any layoffs? I know their structure is such that stockholders supposedly can’t force any changes, but it’s hard to justify being the only company without any cuts. Their stock is falling and they still have a single cash cow for over 80% of their revenue despite over a decade of attempts to diversify.
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#5Are there enough companies that can afford all the tens of thousands of fired workers SV salaries if all these big companies are firing them?
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#6I just wanted to point out that probably 2000 of us (in robotics/AI) were "laid off" in Q4, but were paid through the end of the calendar year "To find an internal position". Almost none did, and I don't think that was really the intent, but what do I know. They're in this batch. I expect a Q2 announcement of all those people who in Q1 were "transitioning to new positions" that were eliminated before they could move.
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#7How is Google avoiding any layoffs? I know their structure is such that stockholders supposedly can’t force any changes, but it’s hard to justify being the only company without any cuts. Their stock is falling and they still have a single cash cow for over 80% of their revenue despite over a decade of attempts to diversify.
I don’t think they’re stretched too wide. I suppose that’s the benefit of constantly shutting down projects.
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#8Are there enough companies that can afford all the tens of thousands of fired workers SV salaries if all these big companies are firing them?
Amazon did a lot of stuff. Most of the engineers weren't really fungible, they were more specialized. The robotics project set was really hard hit, and frankly that's good for the industry as now there's more talent floating around. Robotics has been super dry for a long time.
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#9How is Google avoiding any layoffs? I know their structure is such that stockholders supposedly can’t force any changes, but it’s hard to justify being the only company without any cuts. Their stock is falling and they still have a single cash cow for over 80% of their revenue despite over a decade of attempts to diversify.
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
Re: Amazon to Lay Off over 17,000 Workers, More Than First Planned
#10I'm not following the article. It makes a point of distinguishing between 'corporate workers' and warehouse/delivery/logistics/etc folks. Then it claims the reason for this rif is because they expanded to meet the demands of the pandemic, most of which would be in the warehouse sector, and now that that demand is gone, they need to reduce the workforce. If so, why are they reducing the corporate workers?