cross-posted from: https://lemmy.world/post/37968628
Amazon is preparing to lay off tens of thousands of corporate workers, reversing its pandemic hiring spree. The cuts come months after the retail giant’s CEO warned white-collar employees their jobs could be taken by artificial intelligence.
I’m sure the tRump slump has nothing to do with it
I am changing the deal; pray I do not change it further.
Just a week after that outage too. Huh.
damm, how was their stock after this?
Up 1% for the day
nice
If you’re leading an organization that somehow managed to “overhire” 30k employees, then the first person to hit the bricks should be you because you really suck at your job.
People at the top: -200mil loss, not big deal. People at the bottom: -50 loss get a -150 off paycheck and a writeup.
Amazon plans to cut 30,000 corporate jobs
in response to pandemic overhiringto increase shareholder returnsFTFY
“Overhiring”
They’ve been running on that PR spin since 2023.
The other RTO shoe drops. In that RTO was about iducing attrition. It appears it wasn’t enough.
What is overhiring?
They thought like would go up forever, and now that the line is starting to slow down, they gotta do a sacrifice to make the line look like it is still going up
And it’s because the line is SLOWING not even going down. These companies continue to make a healthy profit but they want twice that so now 30k people need to suffer.
My organisation is going through this right now. The overarching management “corporation” is looking at our numbers and saying that we’ve got more employees and spending than 5 years ago, but have the same output metrics… So we’ve got to cut back staff and spending because there’s dead weight that’s not adding to productivity. The problem is that these will be small ineffective parts of people’s otherwise useful jobs. You can’t do what Elon Musk did and start firing people across the board to correct the numbers. It’s a complex problem to solve.
Who could have foreseen this
