Thread regarding Amazon.com layoffs

Layoffs History

7 rounds of layoffs (plus forced silent layoffs/RTO) in just 1 year under Jassy. 4 rounds of layoffs over 17.5 years under Bozos. Quite the contrast. Somebody covering up their forecasting errors? Anyone on the board noticing?

Amazon Layoffs
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January 2024
November 2023
July 2023
April 2023
March 2023
January 2023
November 2022
July 2018
March 2017
March 2009
January 2001
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| 1141 views | | 5 replies (last January 27, 2024) | Reply
Post ID: @OP+1qGDSFxo

5 replies (most recent on top)

What about the working from home non-slackers? Unfortunately, they are getting laid off/RTO'd too. High numbers actually.

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Post ID: @6yaj+1qGDSFxo

If you are a typical Amazon working from home slacker, more like Gamming at day, and refuse to return to the Office you should be layed-off first. But at the top of the lay-off list should be all the Amazon people posing on Tik-Tok bragging about their Quite Quitting.

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Post ID: @6gyw+1qGDSFxo

Macroeconomic Headwinds
Macroeconomic headwinds affect the economy or an industry as a whole and consequently affect companies indirectly. Some of the common macroeconomic headwinds include:

High interest rates – They lead to increasing the cost of capital for the economy and individual companies. They result in lower borrowing and lesser economic activity.
Inflation – Inflation is intricately linked to interest rates. Controlled inflation is good for the economy, but increased inflation increases the interest rates and the cost of raw materials, leading to a decreased economic activity.
Foreign exchange rate – It leads to an increase or decrease in the value of the currency. A decreasing currency value is detrimental to economies that are net importers, such as the U.S., U.K., and France. For China and Germany, which are net exporters, a weakened currency is better, as exports bring in more domestic currency.
Poor economic growth – It is detrimental to all industries and companies. It is measured by the gross domestic product (GDP). GDP growth is relative, with emerging economies having a higher rate than the advanced economies.

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Microeconomic Headwinds
Microeconomic factors affect individual companies and may not affect every company in the industry or the economy. They include factors specific to each company. Detrimental factors to each company can be classified as a micro-economic headwind. Some of these factors include:

Decreased revenue – It affects the profitability and ultimately the growth of each company.
Increased raw material cost – It affects a specific company due to economies of scale, transportation costs, and other factors specific to a company. It results in reduced profitability and growth.
Increased competition – It leads to decreased revenue, profitability, and growth for a company.
Decreased demand – It also decreases the revenue, profitability, and growth of the company.
Operational issues – They also reduces productivity and growth
Management change – It can affect decision-making and decreases growth.
Legal issues – They can threaten the operations or profits of a company

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Post ID: @1wof+1qGDSFxo

When Bezos transitioned the CEO role to Jassy in July 2021, AMZN was about $186/share. Now, 30 months (or 2.5 years later) it's about $155/share ~~ a negative ROI of 20% over 2.5 years (and counting). What if it takes Jassy another 2.5 years to reach $186/share? That would be flat growth for 5 years. Is that what shareholders want? Jassy's desperate 'last resort' moves like massive layoffs/RTO firing look brilliant for the short-term. But is that what shareholders want? 0% ROI from a massive 'sacking strategy'? Sack that clown already and GROW the company!!

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Post ID: @1uyg+1qGDSFxo

Yes, the old layoff pony trick, conveniently overused to mask operational blunders. Jassy (now 56!) took the throne in July 2021 (at 53!) and received a ten year pay package totaling $212.7M (Bezos' megayacht is $500M, about the same as Jassy's net worth). Do you think Jassy will stay another 7 years to vest that package? Why not retire now? Or keep innovating through layoffs for $212.7M?

Meanwhile... In a letter written by NVIDIA CEO Jensen Huang and shared by NVIDIA Human Resources Chief, Shelly Cerio, the company has boldly committed to zero layoffs and a company wide raise for all employees while eliminating traditional annual reviews. They also have plenty of remote roles. Take it or leave it!

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Post ID: @now+1qGDSFxo

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