Posted on 04/03/2024 11:16:47 AM PDT by davikkm
In a move that reeks of corporate callousness, Amazon’s cloud computing behemoth, AWS, slashes hundreds of jobs despite boasting a staggering $7 billion profit in the fourth quarter. The company’s ruthless pursuit of profit comes at the expense of its employees, with layoffs hitting hard in the physical stores technology and sales and marketing units.
The justification? A hollow promise of streamlining operations to focus on “key strategic areas” while conveniently ignoring the human cost of their actions. Amazon’s spokesperson paints a picture of empathy, claiming the decisions were not made lightly and pledging support for affected employees. But the reality is stark: livelihoods are sacrificed on the altar of corporate greed.
(Excerpt) Read more at citizenwatchreport.com ...
Thank you for your loyal service to the company.
Now....GET OUT.
Oh, and we love you.
AI is gonna lay waste to the tech industry.
Well, it’s going to lay waste to the coding profession. It’s hard to predict what’s going to happen elsewhere in tech.
Corporations should put all their profits into hiring new people. And pay a living wage of at least $40/hr plus medical and family allowances for childcare and education.
Companies should shut down for the summer to allow for vacations and family bonding.
‘ve been an AMZ customer since Bezos sold books out of his garage. Save a ton of money there plus have free PRIME. My son worked there years ago as a programmer and they fired him too. My dermatologist nephew was hired as advertising manager the minute he graduated for $1 million/year.
Every large company does crappy things and wonderful things too. So do I, come to think of it.
LOL
Amazon has no fiscal or moral responsibility to retain employees they don't need.
Uncle Sam is the Sugar Daddy in America. Not Uncle Jeff.
>> The company’s ruthless pursuit of profit comes at the expense of its employees
So at what profit or loss is the company not ruthlessly laying off employees it can do without?
You’d make a great Socialist with that kind of thinking.
Tech workers are all for Biden.
Well, I do believe he was being rather facetious but we now live in a new age.
There is no longer ANY loyalty, either direction, beyond the current day. If that.
It’s just more money for the Bezos bank accounts
Not in Alabama
“...conveniently ignoring the human cost of their actions...livelihoods are sacrificed on the altar of corporate greed.”
Oh, please. If you kept everybody on forever, you’d never be able to shut down and shrink unprofitable businesses and redirect toward more promising, high growth areas.
Business is a dynamic enterprise. You are not promised a life-long sinecure.
I was laid off four times from small companies going through growing pains. I don’t begrudge any of the companies for their decisions. You pick yourself up and move on plus use what you learned to make yourself more valuable.
Yeah, I knew he was being sarcastic.
Spoken like a true communist.
Companies aren't meant to be run like families or charities. When a piece of machinery isn't needed anymore, it's sold or replaced.
If one company keeps unneeded employees, another company will outperform it and start taking away its market share. That's merely survival of the fittest, corporate-style.
It's that struggle to be the best that makes America strong. If one's job is eliminated, it's time to look for another one.
That said, companies can make the transition easier for employees with separation bonuses and assistance in finding new positions.
If you are self-employed and a market you are serving disappears or is taken away by a competitor, you have to change or your business will die. If you are a lawyer or accountant and your area of specialty is eliminated, you change or die.
If you are a potato farmer and no one is eating potatoes, you change or die.
Life is tough and corporations aren't supposed to be guarantors of life employment.
In most states, a company can dismiss an employee for any reason and an employee can leave for any reason.
I set my own path forward with direction from God - I don't rely on a corporation to do it for me.
Companies are in business to make a lot of profit, if possible. There's nothing unethical about what AWS did.
Bezos needs Diesel for his $500 Million Dollar Boat he owns.
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