3 ms·
>In a memo to staff, Jassy suggested even sacred cows, such as the online store, could be hit in the coming months. Already, a hiring freeze is in place across
by alexb_ 4y ago
>In a memo to staff, Jassy suggested even sacred cows, such as the online store, could be hit in the coming months. Already, a hiring freeze is in place across the entire company.
By far the most shocking thing in this article. Amazon's online store has been getting worse and worse in quality, to the point where I've largely stopped using it if I can get things anywhere else. From my perspective, the competition from WalMart is especially big - WalMart+, the guarantee of actual quality products, and the 1 day delivery that comes with it has been worth much more to me than Amazon Prime. For more niche things, I can buy direct online. So Amazon might lose out on a lot of market share if things keep going the way they are going.
I have to wonder what the long term effect of cutting back on online store employment is; will Amazon become the new Wish? Brick and mortar retailers aren't strangers to completely losing out on gigantic amounts of market share due to not keeping up (see KMart), who's to say this doesn't also apply to online retailers?
- rhaway84773 4y agoMy understanding is that Amazon’s online store has become less of a store and more of an advertisement. Amazon has been optimizing profits, and it appears what they’ve realized is that the less they do the more they profit. So they went from selling goods -> charging others to sell goods to you -> basically charging others to market that they have goods to sell