These aren't "job losses", these are "firings". They aren't unfortunate accidents of external origin that happened to them, they are conscious internal decisions to let people go.
> The company has more than 1.5 million employees across its warehouses and offices worldwide.
> This includes around 350,000 corporate workers, which include those in executive, managerial and sales roles, according to figures that Amazon submitted to the US government last year.
So roughly 4% of jobs in Amazon's corporate division disappeared. Not to downplay that the world/economy is in a bad state, but I don't think this is very catastrophic.
Once a company moves on to recurring, large-scale layoffs justified by vague corporate Mumbo-Jumbo, I think it is safe to assume it is a "day 2" company.
From the article, Amazon has 1.5 million employees across offices and warehouses. With about 350,000 corporate employees in executive, managerial and sales.
So that’s about 4% of the non-warehouse staff. What’s their normal staff turnover rate per year?
I wonder if it’s another staff reduction (cos we over hired and want to remove people who didn’t impress) under the cover of improving business productivity using AI
Hat tip to raziel2p who was going down the same in thier comment
> This includes around 350,000 corporate workers, which include those in executive, managerial and sales roles, according to figures, external that Amazon submitted to the US government last year.
I’m fairly ignorant to these things, but why does Amazon need 350k corporate employees?
People losing jobs always sucks, but I can’t help but think that a company of this size inevitably has bloat that they do not need.
At this point it really does feel like a corporate welfare program.
Sharing the risk (and rewards) with the company is why we take 50% or more of our comp as RSUs instead of being paid in straight cash. This should already be factored in. If the company does bad, we should already be taking an (effective) pay cut.
Amazon's backloaded vesting is terrible (for both Amazon and Amazonians) for this exact reason.
Meanwhile new grads can't even start their careers to begin with and are left scambling to even take a step into adulthood. They missed the boar. kids aren't even on the horizon. What does that say?
I’ve heard multiple numbers for this layoff from unofficial sources. Does anyone think Amazon was trying to identify a leak by letting internal parties know about the layoffs with slightly different details?
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[ 4.6 ms ] story [ 60.1 ms ] thread> This includes around 350,000 corporate workers, which include those in executive, managerial and sales roles, according to figures that Amazon submitted to the US government last year.
So roughly 4% of jobs in Amazon's corporate division disappeared. Not to downplay that the world/economy is in a bad state, but I don't think this is very catastrophic.
If you're not working in nursing the flux of retired Baby boomers you're either already rich or on unsteady ground.
So that’s about 4% of the non-warehouse staff. What’s their normal staff turnover rate per year?
I wonder if it’s another staff reduction (cos we over hired and want to remove people who didn’t impress) under the cover of improving business productivity using AI
Hat tip to raziel2p who was going down the same in thier comment
I’m fairly ignorant to these things, but why does Amazon need 350k corporate employees?
People losing jobs always sucks, but I can’t help but think that a company of this size inevitably has bloat that they do not need.
At this point it really does feel like a corporate welfare program.
This means companies see an opportunity to bring compensation down.
I wish employees would instead have an opportunity to sign up for lower salary. For whatever reason you just don't see that happening anywhere
Amazon's backloaded vesting is terrible (for both Amazon and Amazonians) for this exact reason.
at first that just meant many of us adopted a middle-aged-coasting career strategy after covid and/or having kids
but now management is agreeing
By the way, could Amazon not even bother to proofread a mass layoff announcement? "We’re convicted that we need to be organized more leanly"
At least we know this was written by a human, because an LLM probably wouldn't make that mistake. Maybe they fired the proofreaders already.