More Layoffs, Less Pay, Less Work-Life Balance, earth's best WHAT?

Facts:

27,000 rolling layoffs in last few months (expect even more later this year!)
42% year decline in stock - a.k.a. paycut (versus Walmart at only 3% decline!)
past 2 years of negative or heavily declining cash flow
massive halving of YoY operating income
forced RTO ('disguised layoffs') at 3 days/week (expect 5 days/week later this year)
high attrition (including highly skilled foreign workers, who can't get Green Cards due to ongoing layoff activity and lack of remaining time on their visas)

Am I missing something? Why haven't the shareholders ejected Mr. Jassy from his cozy secure floor? This is purely a white collar management failure and it won't get better by shoving workers into COVID infested offices. Jassy and S-Team is not taking ownership (blaming macro environment, fictitious "uncertainties"). Go back to Harvard Business School!!

Comment! It's anonymous!

7 replies (most recent on top)

Stop the Covid fear. We had enough of that.

Actually, Amazon doesn't have to make any offices. They need to sell them and break leases. Expenses are out of control. COVID isn't under complete control - people travel and bring back viruses. We're in World War 2, with a dictator named Jassy. Most companies don't have RTO and are more than fine. Be frugal and let employees work productively from home.

Amazon just needs to make offices that are like airplanes. Think about it. People are flying right now in cramped airplanes, and amazingly, covid is under control. You'd think we'd be in World War Z right now (the combinatorics at how this could spread on an airplane are mind boggling), but amazingly things are in control. Never mind that planes flew cramped even during "peak covid" and people were taking off masks while eating, but that was never a cause of concern. The airlines executives told me so. Maybe do an experiment on some of those Amazon Air planes--that's frugality and invent and simplify in action.

Or maybe make Amazon offices something like the offices of other companies. Subway is full. Many companies have RTO, and things are just fine. How are they achieving these results? Amazon needs to go back to the roots of the LPs to be successful again.

You don't want highly skilled workers (foreign or otherwise) to be in COVID infested offices. Otherwise why hire them? Just takes one sick person to infect. The COVID reproductivity number was between 2.2 and 2.7, but data collected from case reports across China reported a much higher R0. Results showed that the doubling time early in the epidemic in Wuhan was 2.3 to 3.3 days. From this data, researchers calculated a median R0 value of 5.7. This means that each person infected with the virus can transmit it to 5 to 6 people rather than only 2 to 3 as previously thought (Sanche et al, 2020).

lol 'covid infested'. move on bud.

"highly skilled foreign workers" Haha, gimme a break!

No need to troll. Jassy just needs an ejection. He's imperiling his shareholders and his workers.

Thread regarding Amazon.com layoffs

More Layoffs, Less Pay, Less Work-Life Balance, earth's best WHAT?

7 replies (most recent on top)

Post a reply