Now they can replace them without paying unemployment and pay the new workers a lower wage. This is what they wanted to happen. Mega corporations are a problem we need to solve as a society.
Quality programmers are a finite resource. Amazon chewed through the entire unskilled labor market with their warehouses and then struggled to find employees to meet their labor needs. If they try the same stunt with skilled labor they’re in for a very rude awakening. They’ll be able to find people, but only for well above market rates. They’re highly likely to find in the long run it would have been much cheaper to hang onto the people they already had.
The whole problem with companies like Amazon is that hardly anyone in charge of them seems to care about long term sustainability. They all just invest enough effort to squeeze out some short term profits, earn their bonuses and then leave for another company to do it all again. Nobody is interested in sustainability because there is no incentive to. They’re playing hot potato with the collapse of the company.
An awakening would mean they would analyze and understand the situation. They won’t. Amazon has and probably always had a bullish “my way or the highway” attitude - ask people what they think, pretend you care, then ignore everything they might say. Upper managers make decisions uniquely based off costs and short term vision, and are never held accountable for the consequences. I worked there for years and you really can’t imagine how bad the work culture is there, whatever you have in mind is worse in reality
yeah, the only problem is that this results in the best talent leaving, you’re stuck with people who have nowhere else to go. it’s one of those short-term profits kinda things, which is why Wall St loves it so much.
This isn’t what they want to happen. They know it will happen, but this isn’t the goal or objective.
Amazon is a big boy company, if they want to cut staff, they’ll cut staff. The problem with cutting staff this way, is that they don’t get to decide who they’re cutting. They don’t want to cut talented employees at random, they want to pick the low performers and let them go. This is kind of the opposite of that.
The higher skilled the employee is, the more likely they are to have been hired remote, and to feel they can find another job also. That means they’re effectively shooting themselves in the foot and getting rid of some of their talented employees for the benefit of bringing people into the office.
There has been a swing in the business opinion that work from home isn’t as efficient. This is basically the higher-ups falling in line with that opinion.
Now they can replace them without paying unemployment and pay the new workers a lower wage. This is what they wanted to happen. Mega corporations are a problem we need to solve as a society.
Quality programmers are a finite resource. Amazon chewed through the entire unskilled labor market with their warehouses and then struggled to find employees to meet their labor needs. If they try the same stunt with skilled labor they’re in for a very rude awakening. They’ll be able to find people, but only for well above market rates. They’re highly likely to find in the long run it would have been much cheaper to hang onto the people they already had.
The whole problem with companies like Amazon is that hardly anyone in charge of them seems to care about long term sustainability. They all just invest enough effort to squeeze out some short term profits, earn their bonuses and then leave for another company to do it all again. Nobody is interested in sustainability because there is no incentive to. They’re playing hot potato with the collapse of the company.
That’s the next executive’s problem. These executives will jump ship with their golden parachutes before any of that affects them.
Well then bring it on. If feels too big to fail, but if (hypothetically) Amazon were to go under, the world would be a better place.
An awakening would mean they would analyze and understand the situation. They won’t. Amazon has and probably always had a bullish “my way or the highway” attitude - ask people what they think, pretend you care, then ignore everything they might say. Upper managers make decisions uniquely based off costs and short term vision, and are never held accountable for the consequences. I worked there for years and you really can’t imagine how bad the work culture is there, whatever you have in mind is worse in reality
yeah, the only problem is that this results in the best talent leaving, you’re stuck with people who have nowhere else to go. it’s one of those short-term profits kinda things, which is why Wall St loves it so much.
They have a name for it: Dead Sea Effect.
Ooh, that’s good.
I thought the same. Interesting strategy cutting the people who are good enough to get another job.
As long as it looks good on paper, somebody in higher management is getting a bonus for this.
And they want people off the vesting ramp as early as possible.
Amazon does 5-15-40-40
I’ve… never heard of such a vesting schedule. Doesn’t everyone else pretty much do 25%/year ?
Amazon is super stressful and I guess a lot of people quit the first few years. Maybe the 40% is to motivate them to stay for more hellish years.
I’m very happy not to work at Amazon.
Oh I get why they do it. I’m just surprised they can get away with it. Also they pay pretty damn well so I guess that helps.
This isn’t what they want to happen. They know it will happen, but this isn’t the goal or objective.
Amazon is a big boy company, if they want to cut staff, they’ll cut staff. The problem with cutting staff this way, is that they don’t get to decide who they’re cutting. They don’t want to cut talented employees at random, they want to pick the low performers and let them go. This is kind of the opposite of that.
The higher skilled the employee is, the more likely they are to have been hired remote, and to feel they can find another job also. That means they’re effectively shooting themselves in the foot and getting rid of some of their talented employees for the benefit of bringing people into the office.
There has been a swing in the business opinion that work from home isn’t as efficient. This is basically the higher-ups falling in line with that opinion.