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> Companies plan for where the market is going, not last quarter’s results. It’s fully clear to everyone that the economy has shifted dramatically. They are adj
by johnfn 4y ago
> Companies plan for where the market is going, not last quarter’s results. It’s fully clear to everyone that the economy has shifted dramatically. They are adjusting as appropriate.
It goes both ways. If you planned so poorly and hired so fast that a minor perturbation in the market causes you to fire 17,000 people, you're still communicating that you putting profits above people.
- deleted 4y ago[deleted]
- sokoloff 4y ago17K people is about 1% of total employees. While each of these job losses matters a lot to the people involved, a 1% reduction in the face of what is surely more than a 10% change in medium-term projections is hardly proof of crazy over-hiring or terrible planning. There’s no doubt that Amazon puts profits over people. They’re a profit-seeking enterprise (and a fairly effective one at that).
- bumby 4y ago>minor perturbation What are you defining as a "minor perturbation"? Because if they're responding to the last 12 mos., the NASDAQ is down 33%. Definitely not minor.