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Why would any company fire anybody if they are generating money for them?
by throwawayxy1 4y ago
Why would any company fire anybody if they are generating money for them?
- mathattack 4y agoThey think these 18,000 aren’t helping making enough money to justify the costs.
- whiplash451 4y agoThere is an open window for tech companies to free-ride layoffs at the moment, that's what's happening. And they are taking this opportunity to its fullest.
- simplotek 4y ago> Why would any company fire anybody if they are generating money for them? Amazon has been cutting teams that either could not justify their existence or worked in money-losing investments. Alexa was a very public project getting the axe.
- Sakos 4y agoI still don't understand why they axed Alexa. It doesn't make any sense to me in the context of the rest of their business.
- simplotek 4y ago> I still don't understand why they axed Alexa. Alexa was described as "a colossal failure" which lost 10 billion dollars last year alone. https://arstechnica.com/gadgets/2022/11/amazon-alexa-is-a-colossal-failure-on-pace-to-lose-10-billion-this-year/ https://arstechnica.com/gadgets/2022/11/amazon-alexa-is-a-co...
- Sakos 4y agoI don't really understand how that division could rack up $10 billion in losses in a single year either.
- rileyphone 4y agoBecause it’s an embarrassing product and Jassy doesn’t love it like Bezos.
- jacobsenscott 4y agoTo drive down wages. All tech companies firing thousands of people at the same time is a simple way to do this. Hire back in a year at much reduced salaries and benefits.
- jackcviers3 4y agoI cynically suspect this to be the case. As soon as one does it; the others have to follow to have any hope of controlling the tech salary bubble. They Don have to collude, just watch and match percentages.