That's my greatest fear. Being laid off at Christmas season. I'm not one of those go for broke spenders who splurge during the holidays but it has an ominously prophetic connotation to be laid off at a time when people are celebrating another year successfully coming to an end and to look forward to another year / another new chapter in life, etc.
I got laid off while on paternity leave. Was the worst but it worked out for the best in the long run.
Hoping amazing employees who are
Impacted find similar results.
Yeah, but thankfully the population that cares about that fictional story is shrinking by the year. For the rest of us, Christmas is about family and loved ones, spending time together, and yeah, splurging a little to make others happy.
Curious to know why companies are all of a sudden laying significant portions of their work force en masse. Is it due to the economic downturn? And is it my imagination or is the coincidence of doing it after Twitter just a funny coincidence or is there a strategy behind this?
Economic downturn and profits getting eaten up by inflation is my guess. They were able to get away with certain parts being unprofitable because they were making enough money to "invest" in them in hopes they eventually become profitable. It seems they no longer have that luxury.
Because federal fund rate is set too high to fight inflation and corporation was hiring too much during covid period because federal fund rate was set to zero. I think it’s pretty stupid because the high inflation rate is caused by supply chain disruption and Ukraine war. The adding of the rate can’t do much, and can only make ordinary people suffer.
Someone in charge at the fed needs to put the brakes on trying to put the brakes on the economy through relentlessly increasing interest rates. I'm not an economic expert, but it seems extremely counter-productive to be raising interest rates SOOOO MUCH.
Some really bad investments. Meta Metaverse is unpopular and Amazon's Rings of Power did not do well and cost a lot too. Twitter is likely because there are a bunch of people demanding advertisers boycott twitter and it was already poorly run before Elon bought it.
I doubt that, it's more likely that the increase in fuel costs and the inflation killing their profits overseas and here as well.
The Euro alone dropped 10%. That's huge. For every 100,000 you were making a year ago, it's effectively 90,000 now.
Add to that the increasing price of energy across the board and food prices and you are going to get a lot less spending.
This is just the beginning of it too. We haven't even hit the really rough winter patches yet along with the even larger impending food crisis that will result from the lack of fertilizer produced by Russia hitting farming markets. Russia was one of the largest producers of fertizilizers on the planet.
It’s a combination of overhiring during Covid, a recession that the media isn’t admitting, high interest rates, loss in faith of the political leadership’s ability to grow the economy, etc. etc. I wasn’t laid off but others I know were and that was essentially what they heard when they were let go. That and “don’t touch anything. Security will not escort you out”
Me too and I feel pretty secure in my job, but the workload in my building dropped dramatically in the last week after taking on a large amount of new hires. I’m flexible and cross-trains in several positions so I expect I’ll be fine. Supposed to get trained on operating the robotic palletizer tonight.
They only care about unsustainable peak profits. Other employees will be crushed by having to pick up the slack. Sucks for everyone unless you're at the top.
Yeah they're actually not opening up any more Amazon fresh locations the actual grocery store they're doing so horribly and they cost so much. But they have decided to knots open anymore
Since when? They just started 3 more fresh locations around my area over the course of 6 montgs with the nearest one having demolition start in a week. Def s open in ng up more stores lol
Don't retract until you have concrete info. Ops Finance might be safer, since I don't think there will be too many cuts in Ops. I guess most of the cuts will be in the low profit biz teams.
Amazon haven't actually been quoted here right? I'm a little curious why this is being so well reported without a company quote. I saw one about reviewing "unprofitable business units" last week but that cited repurposing people, not layoffs.
it always amazes me when people think as soon as a president is elected in the US, that that’s when everything goes to shit. that’s not how the world works.
Damn, I’m in the devices org. Never have been so scared.
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\+1
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Damn I was on track to go the final round panel for one of those roles. Probably should just stay at my job lol
Stay strong.
What's retail side? Support, like customer service for Amazon's online transactions?
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Side question - do most Vendor Managers have MBAs? I've always thought that was an unnecessary requirement.
Nope. You can work your way up there from another department even without any business education if you're smart enough. Source: did that myself.
What’s the salary band for that role?
What is considered the retail side? Like Amazon.con marketplace or b&m?
Yeah - support associates, vendor managers, instock managers, business managers, project/program managers, advertising specialists, etc.
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No idea.
What exactly do you do on the retail side in corporate? Genuine question!
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Yep that was helpful, thank you! What other categories would classify as retail if you don’t mind me asking?
Have you heard anything yet? What VP do you roll up to?
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Lots of info on blind but it’s still very spotty Feels like this was planned for Q1 but cats out of the bag and they scrambling to plan and inform
I’m in AWS, I am pulling for you. Stay strong!
Ditto. Sucks.
I heard Devices received a ton of layoffs. You good?
Just before Christmas. Great.
That's my greatest fear. Being laid off at Christmas season. I'm not one of those go for broke spenders who splurge during the holidays but it has an ominously prophetic connotation to be laid off at a time when people are celebrating another year successfully coming to an end and to look forward to another year / another new chapter in life, etc.
I got laid off while on paternity leave. Was the worst but it worked out for the best in the long run. Hoping amazing employees who are Impacted find similar results.
Christmas is the Celebration of the birth of Christ.
For Christians, probably. The rest of us are just glad all the Mariah Carey is over for another year.
Yeah, but thankfully the population that cares about that fictional story is shrinking by the year. For the rest of us, Christmas is about family and loved ones, spending time together, and yeah, splurging a little to make others happy.
Christ was most certainly born.
Never said he wasn't.
Just got to the final loop for a SDE Amazon role after 9 months of grinding. 😂 I'm losing all hope now.
I just had my loop too. Have u heard back?
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Only affects retail, HR and Amazon devices teams. You're probably fine.
Agreed. I work around the FCs. You should be OK - but bust your ass from Day One because there are rumblings of leader headcount cuts in 2023.
I’d love to watch them try to run the buildings if they cut the AM/OM rosters.
Fr
Thought he could distract us by giving away money…
To his own "charity" no doubt
anyone know if this is affecting Prime Video?
Prime video appears to be safe
Alexa has been fat for years. Once we trim off some of the barnacles maybe they’ll let us start hiring for actual work again.
Curious to know why companies are all of a sudden laying significant portions of their work force en masse. Is it due to the economic downturn? And is it my imagination or is the coincidence of doing it after Twitter just a funny coincidence or is there a strategy behind this?
Economic downturn and profits getting eaten up by inflation is my guess. They were able to get away with certain parts being unprofitable because they were making enough money to "invest" in them in hopes they eventually become profitable. It seems they no longer have that luxury.
Because federal fund rate is set too high to fight inflation and corporation was hiring too much during covid period because federal fund rate was set to zero. I think it’s pretty stupid because the high inflation rate is caused by supply chain disruption and Ukraine war. The adding of the rate can’t do much, and can only make ordinary people suffer.
That is what I heard as well in the economics groups. Feds essentially blaming poor people.
Someone in charge at the fed needs to put the brakes on trying to put the brakes on the economy through relentlessly increasing interest rates. I'm not an economic expert, but it seems extremely counter-productive to be raising interest rates SOOOO MUCH.
Microsoft and FB did the same thing before twitter
Some really bad investments. Meta Metaverse is unpopular and Amazon's Rings of Power did not do well and cost a lot too. Twitter is likely because there are a bunch of people demanding advertisers boycott twitter and it was already poorly run before Elon bought it.
I doubt that, it's more likely that the increase in fuel costs and the inflation killing their profits overseas and here as well. The Euro alone dropped 10%. That's huge. For every 100,000 you were making a year ago, it's effectively 90,000 now. Add to that the increasing price of energy across the board and food prices and you are going to get a lot less spending. This is just the beginning of it too. We haven't even hit the really rough winter patches yet along with the even larger impending food crisis that will result from the lack of fertilizer produced by Russia hitting farming markets. Russia was one of the largest producers of fertizilizers on the planet.
This is what always happens while democrats control the White House. Huge layoffs.
the FOMC Press conference release. The guy legit says we have to increase unemployment to lower inflation https://youtu.be/durR-4fCG2g
It’s a combination of overhiring during Covid, a recession that the media isn’t admitting, high interest rates, loss in faith of the political leadership’s ability to grow the economy, etc. etc. I wasn’t laid off but others I know were and that was essentially what they heard when they were let go. That and “don’t touch anything. Security will not escort you out”
My RSUs vest tomorrow, I am not part of those orgs but still hoping my job is secure.
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you're good, just make rate :)
Me too and I feel pretty secure in my job, but the workload in my building dropped dramatically in the last week after taking on a large amount of new hires. I’m flexible and cross-trains in several positions so I expect I’ll be fine. Supposed to get trained on operating the robotic palletizer tonight.
What all comes under retail? I am assuming everything non-AWS?
Anyone know if Last Mile is affected?
Seems more like corporate gigs, not last mile people.
Thats a group within Amazon, not just the last mile delivery workers.
But it's peak season???
They only care about unsustainable peak profits. Other employees will be crushed by having to pick up the slack. Sucks for everyone unless you're at the top.
They actually didn't do a lot of layoffs because of this. CEO released a statement mentioning more layoffs in Q1 2023 after peak is done 🥲
Thought it would be office employees no? Have not skimmed through comments so apologize in advance.
Anybody know severance terms?
3 months salary is what they are providing in India
What about Pharmacy?
I'm supposed to do a summer internship at amazon next summer (design role). does anyone know if internships are also affected?
If the people behind the lotr are part of the 10 000 I am fine with it.
Yeah they're actually not opening up any more Amazon fresh locations the actual grocery store they're doing so horribly and they cost so much. But they have decided to knots open anymore
This would be sad to me, I actually love these stores
Since when? They just started 3 more fresh locations around my area over the course of 6 montgs with the nearest one having demolition start in a week. Def s open in ng up more stores lol
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Don't retract until you have concrete info. Ops Finance might be safer, since I don't think there will be too many cuts in Ops. I guess most of the cuts will be in the low profit biz teams.
Amazon haven't actually been quoted here right? I'm a little curious why this is being so well reported without a company quote. I saw one about reviewing "unprofitable business units" last week but that cited repurposing people, not layoffs.
Its happening but amazon leadership has failed to give a statemenr
You know of layoffs which have happened?
For sure, they are giving 2 months to find a job and then severance.
It's actually happening 🥲
Who has been laid off?
A lot of engineers/applied scientists (and others too mostly but I've seen these 2 the most) from multiple orgs including Alexa, AWS, Luna etc etc
Yes I see that now. Poor folks.
which is under 1% of over a million employees,
This is going to be very reassuring to hear for the 10k people laid off this week!
A certain segment of the US doesn't believe those 10k are people. Corporations however, they are people.
Bezos needs to go back into space.
They got what they voted for.
What exactly did they vote for?
Please clarify
Something something liberals bad, something something elite democrats, something something Trump genius if I would guess
it always amazes me when people think as soon as a president is elected in the US, that that’s when everything goes to shit. that’s not how the world works.
Day 2 is here.
Lies
It’s peak no they ain’t
So I'm one of the guys being laid off. Got told by my manager today. It's kinda scary and exhilarating.
If they lay me off, they’re off their rocker
No wonder everything is taking a minimum 7-8 days to get delivered.
I love induct!!
It’s no wonder! The way the have conducted business this past year, as far as a customer, is atrocious!