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blissfulsaltiness t1_j348blo wrote

Another wonderful example of lots of normal people paying the price for poor leadership.

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johnjohn4011 t1_j34do18 wrote

Hunh. How about starting with the principle that the people who make Amazon possible are at least as valuable as the inanimate objects you sell?

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Starskigoat t1_j34txax wrote

Their annual turnover is probably not a small number. They can do a lot of reductions just from the people normally quitting.

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jphamlore t1_j3529l3 wrote

Amazon had doubled the number of people they employ from 2020 to now?

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SomeDudeNamedMark t1_j35cqkr wrote

Not giving a damn about your employees doesn't seem like a change in mindset.

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bbzzdd t1_j35ggdl wrote

Ironically, Amazon already silently cuts 6% of their corporate workforce each year through performance management. At 300K corporate employees, that's <drumroll> 18K layoffs. Will they continue to cut 6% in 2023 on top of the layoffs?

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stoudman t1_j35jhod wrote

A change in mindset from "let's consolidate our workforce and force the remaining workers to do more work to make up for the lost labor" to "let's consolidate our workforce and force the remaining workers to do more work to make up for the lost labor" is NOT A CHANGE IN MINDSET!

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berfder t1_j35mxhj wrote

Replying to Starskigoat (#1,292,411)

As far as I’m aware, that’s how they’ve always done it. I’m not aware of a single instance of actually laying off a substantial number of people. It’s usually just telling them to find another job within the company.

Granted, things have changed since I was there. Jassy taking over would have been my reason to leave if I hadn’t already left.

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TopRamenisha t1_j35urc0 wrote

Replying to jphamlore (#1,292,769)

It would not surprise me if they did. All the FAANG companies were hiring like crazy during the pandemic because borrowing money was cheap. I interviewed for a design job during the pandemic and they told me they were hiring 1,000 designers

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nomorerainpls t1_j35xv7n wrote

Smells a lot like “focusing on the core business” which is code for “we’re not sure what’s gonna happen next”

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noodle-face t1_j3685wi wrote

My Amazon interviews (tech) were the worst I had ever seen. An employee gave me the internal cheat sheet and it was such a joke. Also I was headhunted by 4-5 different Amazon recruiters every single week.

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Badd_Karmaa t1_j36hkcr wrote

Replying to blissfulsaltiness (#1,291,483)

It’s not poor leadership, just misaligned incentives presented by speculators to executives. Before the market started sliding a year ago, Wall Street and private investors were valuing companies at crazy multiples on revenue (avg 22x for most SaaS companies, some much higher) which incentivized topline revenue growth at all costs, even if the company was losing money.

Now, the market has aligned much more strongly with EBITDA and profits which requires companies to rebalance their P&Ls to post profits or at the very least, break-evens.

You could blame the leadership of these companies for not seeing this coming, or you could blame the incentives in the market these leaders observed. However, given the fed’s aggressive monetary policy over the last few years, I’d blame them much more for kicking the can down the road than I’d blame corporate leadership.

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Junkstar t1_j36xlck wrote

They can barely select, pack, and ship the right product anymore, so hopefully they can focus on fixing that. I've started shopping direct with manufacturers and other retailers as Amazon keeps selling me open box stuff at new prices, or they just send the wrong item entirely. It's exhausting to deal with them over expensive items too. Their moment is over.

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Autotomatomato t1_j36xowr wrote

Late to this thread but companies like Amazon require a low interest rate environment to thrive but because the Amazon owner doesnt pay taxes his company will be in the toilet in the next few years.

&#x200B;

WTF is wrong with reality..

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DecentFart t1_j375ztz wrote

Replying to Badd_Karmaa (#1,294,567)

It is always easier to blame others. I am sure they maximized profits, but it was at the expensive of their employees. It will hurt them in the future making good talent less likely to join them for fear of leadership's lack of respect for their employees well being.

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tehdamonkey t1_j377vh8 wrote

Robots.... and more robots. That is what is coming.

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not_that_planet t1_j37qk76 wrote

I wish they'd fucking fix the Android version of the Amazon Music app. It sucks beyond compare.

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