Tech Industry
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The man I love hates me because I’m Vietnamese
Tech Industry
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Why doesn't OpenAI offshore and reduce expense by 80%
Tech Industry
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Question about women in their 30’s?
Tech Industry
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What happens when most of your team is Indian?
Software Engineering Career
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L4 Google -> 45 interviews, 5 offers, AMA
So if a company wants to impress investors and get it stock price up then only solution is layoff employees. WTH why common man has to suffer with these dirty politics by CEO and rich people Don’t see such crazy layoffs in EU so May be their Govt protecting the citizens #amazon
What happens when you buy too much shit for your house and go into debt? You have to sell some. People are commodities to companies and cost money. Simple.
We are talking about human lives, not some stupid decorations. Whoever deems a human family to have the same value as a material object is a fucking evil dickhead, like the most recent ceos that have laid off
Unfortunately thats how the world works
Thats life. It is unfair if you are unable to start your own company then suffer the consequences of some one else’s decision
When you clean leeches off your golden goose, it makes the goose more stronger, healthier, and more valuable.
Problem is every company has leeches on their golden goose. I mean have we forgotten what MBAs have done to our industry? What would typically take teams 3-5 people now gets blown up to extremely inflated sizes (like 10-12, including all the useless support staff here too). Have we forgotten the credo of Bullshit jobs? Most of the stuff I’ve worked on goes straight into the trash or used by a small amount of people. Every mega corp can probably shed 25-50% of their workforce and the economy would be better for it, there needs to be more SMBs and lifestyle companies and not these ginormous bloated corpos ruining everything they touch.
Amazon went against one of their mottos of sacrificing long term for short term gains.
Also frugality when top brass are making enough to fund large teams while lacking vision or expecting miracles.
I agree with this. Seriously.
Problem with Amazon is it’s not generations enough profit with so high revenue Share holder don’t want to pay high PE in this market Amazon has to generate more profit somehow May be they stop PIp as hiring and training new employee adds to cost even more
Are you 15? That’s why capitalism works and that’s why industry growth is sustainable because job cuts are possible. Amazon over hired over the last two years and now it’s cutting yeah. It’s still gonna have more people today than I did in 2020
Basic principles of economic theory are entirely lost on majority of the population of the world. You can immediately identify newbies who haven't given market economy any real thought through words like "greed", "morality" in their post. The funny thing about greed is, no one ever thinks they are greedy, it's always the other person/corporation who is greedy.
For a business, you are a resource. The sooner you make peace with this fact the better for your mental health. It sucks, but it is what it is.
They (Amazon leaders) assumed pandemic fueled growth would continue. That obviously was never going to happen It’s a shame that the leaders decisions will impact so many lower level people and some leaders will remain.
Why are we talking stock ?
You work for big bank that ain’t too different from what you’re complaining about. So you tell us.
Don’t get defensive and steer this away from OP’s point. Amazon is just the latest example of this greed where companies are ready and willing to ramp hiring so they don’t miss on growth, and show no hesitation on cutting all its employees after it knowingly overhired
I’m not getting defensive here; company doesn’t who I’m. My point is still valid; banks are part of the reason here, aren’t they?