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A business engine always breaks with the very people that make up the engine. If people aren't happy, the product sucks, managers go into panic and begins pushi
by curiousjorge 11y ago
A business engine always breaks with the very people that make up the engine. If people aren't happy, the product sucks, managers go into panic and begins pushing people more and the downward spiral continues.
My speculation here but I think Amazon has reached peak. It got what it wanted, the largest retailer in America. Jeff Bezo got his feature on magazine and tv shows. Stock leaps one more fold. Amazon has consistently led on investors that future profits is everything while undercutting everyone else in a razor thin margin operations. Now that it's reached the title it wanted it finds the very people that got them there miserable and jumping ship. That's very hard to fix especially when you piss off the work force and give the impression that it's a hell hole.
Reminds me of a startup that grew super quick while maintaing crazy turnovers until they couldn't hire anymore directly because their reputation has gotten so bad. They never recovered. I think we are seeing something like that to a certain degree but in much larger magnitude.
I think Walmart would be very much poised to begin eating at Amazon's margins. These days I find myself comparing prices with walmart.com before ordering on Amazon.