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lol, have you looked at our stock price lately? Flat YTD. And Jassy is terrible at earnings calls, he always spooks the investors. Firing people to make new ne
by malfist 1y ago
lol, have you looked at our stock price lately? Flat YTD. And Jassy is terrible at earnings calls, he always spooks the investors.
Firing people to make new new hire grants is more expensive
- master_crab 1y agoAt what point does the board and Bezos start thinking Jassy is the problem?
- malfist 1y agoHopefully soon. He's big innovations as CEO have been betting everything on AI and RTO
- cebert 1y agoThat’s what most institutional investors seem to want
- jalapenos 1y agoWe need them in the office... but also to replace them with AI... All sounds like a sick fetish. I want to see them getting replaced - I want to see the look on their face and their archive box walk
- toomuchtodo 1y agoThe fetish, if you can call it that in this context, is control.
- lazystar 1y agoEven if they did, who would replace him? The risk of choosing someone that could end up making things even worse is pretty high.
- ethbr1 1y ago> At what point does the board and Bezos start thinking Jassy is the problem? A company either dies a hero or lives long enough to install its own Ballmer.
- randomfool 1y agoTook MS 14 years to figure that one out. Even with accelerating tech timelines, Jassy has some time.
- paxys 1y agoAmazon stock is up 170% since the start of 2023. It is absolutely cheaper to fire employees who are owed hundreds of thousands or even millions in stock grants over the next 2-3 years and replace them with new hires. Doubly so at Amazon where vesting is all back-loaded (5/15/40/40).
- apparent 1y agoDoesn't that also make current employees nervous that the same will happen to them, and that their backloaded grants are at risk until they cross the finish line? It would seem pretty de-motivating, even for those who aren't let go in this RIF.