Amazon CEO Says More Layoffs Will Happen in 2023 (theverge.com) 60
Amazon will be cutting jobs again at some point in early 2023, CEO Andy Jassy informed employees in a memo on Thursday. The company publicly confirmed some layoffs on Wednesday, and Jassy says that as Amazon's annual planning process extends into the new year, "there will be more role reductions as leaders continue to make adjustments." From a report: Jassy says the company hasn't determined exactly how many additional roles will be cut but did state that there will be "reductions in our Stores and [People, Experience, and Technology] organizations." Amazon will inform who will be impacted by the future cuts early next year.
In the Wednesday notice, devices and services SVP Dave Limp said that some staffers in the organization were being laid off, and Jassy said Thursday that the company has extended voluntary buyouts to some of its HR organization, confirming reporting from Vox. Vox's article highlighted how layoffs have been communicated internally before top executives shared information publicly, and based on Jassy's note, it seems that approach will continue. "As has been the case this week, we will prioritize communicating directly with impacted employees before making broad public or internal announcements," Jassy wrote. The company will try to find roles for impacted people internally, and if it can't, workers will be offered severance packages, according to Jassy.
In the Wednesday notice, devices and services SVP Dave Limp said that some staffers in the organization were being laid off, and Jassy said Thursday that the company has extended voluntary buyouts to some of its HR organization, confirming reporting from Vox. Vox's article highlighted how layoffs have been communicated internally before top executives shared information publicly, and based on Jassy's note, it seems that approach will continue. "As has been the case this week, we will prioritize communicating directly with impacted employees before making broad public or internal announcements," Jassy wrote. The company will try to find roles for impacted people internally, and if it can't, workers will be offered severance packages, according to Jassy.
A contest (Score:2)
Bezos and Musk having a contest to see who can lose employees faster? You can possibly make an argument for Amazon doing less sales volume now that the pandemic is over.
Musk is losing the plot (Score:2)
Perhaps he's smoked too much pot or he's simply overworked, but his recent behaviour is bizarre even for his wierd standards. Bezos might be a devious philanderer but he's not unstable like Musk so Amazon is in good hands whereas Twitter is currently in a tailspin with the pilot going swivel eyed at the controls.
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Bezos might be a devious philanderer but he's not unstable like Musk so Amazon is in good hands whereas Twitter is currently in a tailspin with the pilot going swivel eyed at the controls.
Bezos comes from actually normal beginnings, he knows what it's like if not to actually be poor at least what it's like not being rich. Musk has been privileged all his life. He has no clue what the world is actually like for normal people on the ground... or under it, digging up shiny rocks.
Re: Musk is losing the plot (Score:2)
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Musk has always been nuts and a loose cannon. It's just more apparent now. But having lots of money also means that lots of people will overlook the behavior or call it mere eccentricity.
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Elon Musk reminds me an awful lot of Howard Hughes.
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Not a whole bunch, mainly just Elon.
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He told everyone to start working 80 hours or take 3 months salary and get out. He’s genuinely shocked that there’s tumbleweeds blowing through the place now.
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Or do you think this is precisely the outcome he was going for? A ton of dead weight that showed itself the door, with only the rockstars left behind.
Uh... maybe I'm rooted in a quaint past, but traditionally the people who bail from toxic companies are the ones with the best options to land somewhere else. There's usually a strong correlation between that group of employees and the "rockstars" to which you refer.
So no, it's more likely that it's the dead weight being left, and the high-performers getting the hell out of Dodge because they are in a position to do so.
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It's probably the first big, serious misstep he's made in quite a few years.
But at this point I'm sure he's thinking "dammit I'm gonna remake this thing my way or I'm gonna shatter it". Thing is, his magic won't work with Twitter. Most of his other companies have a seriously inspiring mission. He banks on that to get de
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So you're cool with 80 hours a week if Musk asks?
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Or do you think this is precisely the outcome he was going for? A ton of dead weight that showed itself the door, with only the rockstars left behind.
If you think this then you are clearly an example of dead weight. Any time there is a mass exodus from a company, the rock stars are the first ones out the door. That is usually the catalyst, because the first movers start poaching the other A & B players from their previous teams. Poaching isn't even the right word since those colleagues are often asking to come with them.
Musk might have been able to mostly fire below average employees so far, but the 1000 - 1200 employees who apparently just resigned
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Possibly he is shocked. His other companies have his employees relatively scared of him, and people who rationally disagree with him get fired. He probably did not expect that after buying a whole lot of workers that they're not overjoyed to work for him.
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This is how he finds out... (Score:2)
who the useless chaff were. Remember: Twitter has never been profitable. It's employees have been burning through other people's money while just working 8 hour days and getting free meals, yoga, games, time off for the loss of a pet, etc (perks that are more common in insanely wealthy companies). Had they been profitable they could argue they had EARNED those bennies, but having not become profitable, they were just consuming somebody else's hard-earned wealth - while there would have certainly been rich i
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You realize that the wokesters you are implicitly defending are the exact type of people that give programmers a bad name, right? The pretentious little shits with their nose so far up their own asses they can't help BUT create garbage.
Software has been on a steady decline for at least 10 years, and it's because of these useless woke pieces of garbage.
I'm glad Elon bought twitter, I've been entertained every single day since. I enjoyed telling the fired twits that maybe they could go learn to mine coal, b
Me too (Score:2)
Me too but for an entirely different reason. I'm entertained watching the self-proclaimed genius make one bad decision after another and burning a $44 billion pile of his own money doing it. I'm also glad to see a ton of people exploring better options like Mastodon that are ad-free and crowd sourced rather than owned by profit seeking shareholders or megalomaniacal oligarchs. You like to imagine the "wokes" are crying because Twi
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Musk is really making out to look like an idiot. It makes me very curious as to what exactly his role at Tesla and Space-X is . Seems like if he was very involved he'd be screwing those companies up too.
I've often wondered if layofss become trendy. People like CEOs worship at the altar of the stock price. Even if they don't think that they need to shed people, or may not that many people, "Wall St expects it" seems to be a factor.
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What do you suppose it'd look like if twitter was bloated with too much staff and a new owner decided to streamline things?
How would it look any different?
I heard twitter started off with 3000+ programmers; looking at the end product, what the fuck were they all doing? How could a website and a couple mobile apps need that many developers? Even 1000 coders seems grossly excessive.
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Also note that he's CEO of 3 companies. That means that he is only a part-time CEO for any one of them. Is he putting in 80 hours a week for each of those companies? (and if you say "yes", you should redo your math)
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Yes, these upcoming layoffs are bad news for Amazon employees, but the dumpster fire at Twitter is the biggest story in tech right now, and it hasn't shown up on Slashdot.
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Musk gave Twitter employees an utlimatum to decide by yesterday to commit to long and intense hours of work or to leave the company. It seems like this is causing a mass exodus of employees. Today, employees are locked out of Twitter's offices without explanation (but I assume it's related to that mass exodus).
See here, among many other news sources: https://www.cbc.ca/news/busine... [www.cbc.ca]
Perhaps I was exaggerating to call it a dumpster fire, but you can't deny that it's big tech news.
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Bezos and Musk having a contest to see who can lose employees faster? You can possibly make an argument for Amazon doing less sales volume now that the pandemic is over.
Yes, I could. People have less money now because, during the pandemic, there were moratoriums on evicting people in many locations who then used that money to spend on places like Amazon. People were paid more to stay at home and produce nothing which helped create inflation. All that came to an end and this is the consequence of all those decisions. People do not have the money to spend as they had before and we are only seeing the beginning of this layoff trend.
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Yes.
On the other hand, Musk and Bezos are releasing previously held employees so other companies starved of talent suddenly now have a pool they can draw from.
Musk, well, I don't know what his plans are. I mean, Twitter was barely sustainable as it was pre-acquisition but at least it wasn't losing money and could hold onto its bloated workfo
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Other companies might expect them to actually come to work, as Musk is.
And those quitting are pretty damn lucky so get a severance package. I've never heard of any company that would do that if you voluntarily quit.
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Hopefully (Score:2)
Hopefully they'll stop sending me recruiting emails.
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Not likely. I've been lambasting Amazon and Jeff Bezos to their recruiters for years, and yet they still continue to send me emails at least twice per week.
the beatings will continue (Score:2)
until morale improves
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Well yeah (Score:2, Interesting)
This isn't about profits, it's about power. The chain needs to be yanked. Get back to work slaves is what they're telling us.
Question is why do we let them do this to us? Do we love them that much?
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Question is why do we let them do this to us? Do we love them that much?
We're busy fighting over shit that doesn't matter as much because people are easily led, and have been hoodwinked into cheering their own demise.
What I'm really worried about (Score:2)
yeah, this shit shouldn't work, but when you spend $50 million attacking a handful of children on puberty blockers it's going to.
I think like we need a distinction between homophobia and transphobia and plain old bigotry. Lots of folks are literally scared of LGBTQ+ people. They don't necessarily hate them they're just confused.
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I think like we need a distinction between homophobia and transphobia and plain old bigotry. Lots of folks are literally scared of LGBTQ+ people. They don't necessarily hate them they're just confused.
We need a lot of things, but it's pretty hard to get some of them when there's trolls and other bad actors deliberately setting off the easily triggered on both sides of the spectrum for fun and profit.
So who stands to gain from yanking our chain? (Score:1)
I'm definitely no economist, but I have some basic understanding of what's going on. For starters, though? If I was in our government at a level high enough to dictate fiscal policies? I wouldn't be really happy about raising interest rates, because knowing my own govt. was TRILLIONS in debt? That means I'm demanding a much bigger portion of taxes collected goes to servicing the existing debt, rather than being freed up to use for other initiatives.
IMO, government created much of the current disaster with a
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This isn't about profits, it's about power. The chain needs to be yanked. Get back to work slaves is what they're telling us. Question is why do we let them do this to us? Do we love them that much?
Who's "we"? Is Bezos part of a secret cabal that has meetings about how to destroy their employees' morale? To what end? You just posited that it's not for profit. And how do you propose we not "let them do this to us"?
Large companies often go through boom and bust hiring cycles. Not everything is a classist conspiracy.
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Large companies often go through boom and bust hiring cycles. Not everything is a classist conspiracy.
The fed is literally deliberately driving up unemployment in the name of fighting inflation, because right now we can afford to buy things. If it's not a conspiracy it's only because it's not secret. This whole system is designed to be fucked for us.
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fighting inflation, because right now we can afford to buy things
Inflation is what makes things less affordable.
You should be happy the fed is raising rates to fight inflation. Inflation is bad for poor people that spend a good chunk of their income on goods and services. The downside is that it keeps the stock market down which is where rich people put a good chunk of their money. Most of Bezos' wealth is in stock.
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If they want to fight inflation, then they should address the over 50% of it that is coming from increased corporate profits, instead of driving thousands of people out of work.
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over 50% of it that is coming from increased corporate profits
Source?
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Learn to internet [google.com]
Here are some of the links from the first page of results, since you are apparently too lazy to use a search engine
https://www.epi.org/blog/corpo... [epi.org]
https://www.npr.org/2022/02/13... [npr.org]
https://richmondpulse.org/2022... [richmondpulse.org]
https://www.theguardian.com/co... [theguardian.com]
Why do people like you bother to come here at all? Just to troll?
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Anyway, I didn't realize companies were taking advantage of supply chain issues to raise prices even more. Not sure why that means the fed shouldn't raise rates, but it's interesting.
How's their bottom line? (Score:2)
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Are you saying that people who made 50 billion in cash are dumber than you are? Do you have 50 billion in cash? If they are not dumber than you are, then why do you feel qualified to give them advice on investments, do you believe they have to wait until they run out of 50 billion in cash before they start laying people off? I am just curious about your line of thinking here.
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I said nothing comparing the intelligence level of myself with that of the executives of Amazon. What I was talking about is that a company with $50 billion in cash reserves has no business laying off the people that were key in their making that money. I find it atrocious that we are in the early stages of a recession, and large corporations are still making record-breaking profits, but laying off employees left and right.
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Right, so the people who built the company to *make money* should be losing money because you feel that it is wrong for them to predict market conditions and adjust their business accordingly? I think with your approach they would have never made 50 billion to begin with.
They are right, they should be attempting to predict what will happen and adjust their business model. Hiring and firing people as well as opening and closing stores and warehouses, etc. is all part of the money making enterprise, which i
Great (Score:2)
Must be super morale boosting to have a sword of Damocles hanging over your head. Not to mention the fun of competing with colleagues over who (or whose org) is or is not chopped. Must be a great environment to work in, so I doubt anyone at Amazon would bother responding to recruiter calls and LinkedIn requests from competitors.
Covid Overprovisioning (Score:2)
This is what happens in recessions (Score:2)
For those of you who are too young to ever experience a real recession, you're in for some new experiences.
It's been 40+ years since an administration screwed the economy up this badly, and we ARE in a recession according to the traditional definition, no matter WHAT the current presidential spokespuppet tries to call it. This recession is likely to be VERY bad, given the combination of a president who has publicly announced he will NOT change direction, a Fed chairman who only sees interest hikes as a way