Re:Amazon has raised the number of jobs it plans to cut 18,000
by dragonwriter on Thursday January 05, 2023 @10:05AM
(#34260548)
> There is no legitimate reason so many very profitable tech companies need to fire so many
Both hiring and terminating more than they need, depending on which direction they feel the wind is blowing, is the norm; on the termination side, notification requirements (e.g., WARN Act) exacerbate that (I am not saying they are a net negative, just that they encourage pushing the numbers up.)
> They cant say "we are making record profits" and in the same breath say "we need to fire people to survive" that's not how that works
Corporations don’t optimize for odds of survivial; if they are making record profits but could, in their assessment, be making bigger record profits, that’s what they’ll go for.
Both hiring and terminating more than they need, depending on which direction they feel the wind is blowing, is the norm; on the termination side, notification requirements (e.g., WARN Act) exacerbate that (I am not saying they are a net negative, just that they encourage pushing the numbers up.)
> They cant say "we are making record profits" and in the same breath say "we need to fire people to survive" that's not how that works
Corporations don’t optimize for odds of survivial; if they are making record profits but could, in their assessment, be making bigger record profits, that’s what they’ll go for.