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Reply to "AMZN guts thousands of engineers in latest layoffs"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]So I’m no Bezos fan but this is Jassey who is a weak CEO. Amazon, Google and Meta are aging and haven’t had a win in longtime. They’ve approached market saturation and declining market share. The layoffs are all about keeping the stock up. Their only lever to not bleed is to announce layoffs aka operational cost reduction before the next reports. It’s also a mechanism to lower or keep salaries down. During the pandemic and even several years prior, these companies were burning cash with massive hire to keep talent away from competitors. They created a frenzy of insane recruitment offers. They all also obsessively copy each other. [/quote] They don't keep experienced, skilled people and fire them. Managers manage, but they often lack in-depth knowledge of the products or systems. Jassey was good with AWS, not Amazon. They don't do anything new or creative and their aging systems are not updated as many don't know how to update the legacy systems and it's not a priority. They got away from being a customer-driven company and the competitive, cut-throat environment is toxic. There is no teaching and mentoring.[/quote] The good experienced people develop the younger generation. I don't work at another tech company and it's the same here. Very good ppl were let go or moved on due to no raises. The rest are training hib or offshore ppl (we never get US ppl) and, out of the blue, now have a managers job title. Guess what's next? It's about cost not lack of talent.[/quote]
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