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> The news industry is incredibly desperate for stories about layoffs it seems. I don't think this is an informed take. Amazon not only cancelled all hires but
by simplotek 4y ago
> The news industry is incredibly desperate for stories about layoffs it seems.
I don't think this is an informed take. Amazon not only cancelled all hires but also increased the number of employees they want to fire. From the first time in the company's history, they explicitly announced they were going to fire people in a purely cost-cutting approach and in a way that was not tied to employee performance.
If anything, this signals that Amazon changed radically it's corporate strategy from a growth-oriented strategy to a consolidation one. This has strong implications on the company's revenue expectations.
- bushbaba 4y agoOr that it’s downsizing the Alexa and other retail r&d ventures.
- sidewndr46 4y agoAnd they can start that hiring engine back up the morning after they make that press release. If you simply went through all of a company like IBM's announced layoffs of some percentage, you would find their headcount rapidly converges to a value of 0% sometime early in the company's history. Last time I checked, IBM is a not yet an AI-run business to the best of our understanding.
- simplotek 4y ago> And they can start that hiring engine back up the morning after they make that press release. This is just ignorant speculation from your end. Amazon stopped all hiring rounds over a month ago and even rescinded open offers, and that hasn't changed since Andy Jassy announced the company was going to start the unprecedented firing rounds.