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A comment on Amazon 'prepares mass job cuts' as sales slow. Parent comment

Re:Amazon 'prepares mass job cuts' as sales slow by N19PEDL2 on Tuesday November 15, 2022 @11:21AM (#33611153)
Perhaps this is among the biggest differences between US and EU: in the first it is much easier to fire people and this may lead to massive hires when the conditions made it necessary, knowing that they can easily reduce the workforce when such conditions change; on the contrary, in EU it is more difficult to fire the employees, so companies tend to be more cautious to hire large amounts of new employees.
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Re:Amazon 'prepares mass job cuts' as sales slow by ramblerman on Wednesday November 16, 2022 @01:15AM (#33619534)
And hence why contracting is so profitable in EU
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Re:Amazon 'prepares mass job cuts' as sales slow by fredestine on Wednesday November 16, 2022 @02:26AM (#33619998)
profitable? you get 50% tax in most western countries in europe. its nearly impossible to make more than a FAANG-level company with that taxation
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Re:Amazon 'prepares mass job cuts' as sales slow by ramblerman on Wednesday November 16, 2022 @03:03AM (#33620278)
True, perhaps I should have said "lucrative". Given how hard it is to hire/fire in Europe, the contracting market is especially healthy was the point.

I would still consider it profitable compared to being a full time employee in Europe. Besides a higher rate, a contractor with his own company can benefit from all kinds of tax advantages a regular employee can't.

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Re:Amazon 'prepares mass job cuts' as sales slow by fredestine on Wednesday November 16, 2022 @03:52AM (#33620517)
I am not sure. At FAANG in europe you can make 200k. you need to make 400keuros (maybe 350k if you really good with tax and deducting costs) but you wont get any day off, sick day, any health insurance (even in europe it helps) , no 401k.

tbh I am not sure it is better money wise. for sure you get the freedom tho but also the stress of finding new customers

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Re:Amazon 'prepares mass job cuts' as sales slow by fredestine on Wednesday November 16, 2022 @02:28AM (#33620012)
it is very easy to fire in europe... and you have a trial period up to 6 month where you can fire your employe for any kind of reason. after that you can also fire easily your employee but youd need to give him a 3 month notice. but definitly economic downturn is a valid reason to fire someone.

so actually for markets like software with plenty of jobs and employment the trial/notice period of 3 months are playing against the workers by creating a complex market that is not fluid at all. it however protects better workers that are in less fortunate industries which is good.

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