Amazon CEO Andy Jassy said at an all-hands meeting on Tuesday that the plan to require employees to be in-office five days per week is not meant to force attrition or satisfy city leaders, as many employees have suggested.
https://www.reuters.com/technology/amazon-ceo-denies-full-in-office-mandate-is-backdoor-layoff-2024-11-05/
By that logic, the RSU freeze and wage freeze also strengthen your culture and teams and aren't cost plays. "I see", said the blind man.
"This was not a cost play for us. This is very much about our culture and strengthening our culture,"
So losing 15% ($15B) of your top employees and 8% ($6B) of your remaining employees to RTO, and then laying off 14000 Managers ($3B) through Q1 will strengthen your culture isn't a $24B cost play to inflate your cash flow. Yeah.. OK, Andy! Lawsuit!
CEO: leetcode FTW!
CEO: back to work wagie.
“Hey team. I wanted to send a note on a couple changes we’re making to further strengthen our culture and teams.”
So losing 15% (52500) of your top employees and 8% (28000) of your remaining employees to RTO, and then laying off 14000 Managers through Q1 will strengthen your culture and teams and isn't MEANT to force attrition or satisfy city leaders. Yeah.. OK, Andy! Lawsuit!