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Topic: Amazon Layoff and Job security in this hard economy (Read 583 times)

sr. member
Activity: 588
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For me, even with these layoffs, not everyone will lose their job. Amazon and other companies will keep valuable employees. This means that wherever you work, you must constantly improve yourself and give value unless you don't like your job and want to leave. Being valuable ensures job security, even in tough economic situations like now. If you're indispensable, companies won't let you go easily.

Does knowing about layoffs make you want to avoid corporate work?
 

Reference: https://techcrunch.com/2024/10/11/tech-layoffs-2024-list/
Whether you're working for others or you're an entrepreneur, it's very important to constantly upgrade your skills and be in tune with the latest happenings in your area of interest. Technological advancements have taken over the jobs of many people, so if you want to continue being relevant either in your job or business, you have to upgrade yourself. The way many economies are going today, it has become important that everybody should not depend on only one source of income. Multiple sources of income, either getting a second job, learn a relevant skill where you can earn extra or diversify your funds into an investment that will give ROI. You might lose your job or business at anytime, if you don't have a plan b for making money, that can be a one way ticket to poverty.
hero member
Activity: 630
Merit: 611
However, I have encountered situations where many companies have laid off their employees and even situations where many large companies have gone bankrupt in my country in the past few years. So this situation seems to be a situation that I consider normal. Maybe it's because I'm still secure in my job and my company isn't in a bad situation so I can't think more. But I also have my own preparations. And I don't want to always depend on the company where I work. We must always have long-term preparations and for any situation.

And we need to know that behind the many employees being fired, we have also seen many entrepreneurs being founded. But many also experience failure which leads to increasing unemployment rates. But this is where we have to learn to be able to have many skills that we can use when we need them. So that we don't just rely on one skill to make money. But we have many options that we can try.
full member
Activity: 2590
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Isn't this why we are in bitcoin anyways?
Investing in bitcoin is investing in your future but it can also be profitable right now already. If you manage to find something that you are able to capitalize on then that is the ideal situation. There are so many ways to earn money from crypto not just trading and investing. The good thing is most likely you will be working from home and your time is flexible.
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I believe we are going to invest into bitcoin this way so that we could have some good return as well, this way we could make some good profit from bitcoin, and if we are ever fired then we could end up with some profit later on as well.
Everything is temporary so better to always have a back up plan. In today’s world, one job is not enough and you need to explore more.
legendary
Activity: 3276
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Leading Crypto Sports Betting & Casino Platform
For me, even with these layoffs, not everyone will lose their job. Amazon and other companies will keep valuable employees. This means that wherever you work, you must constantly improve yourself and give value unless you don't like your job and want to leave. Being valuable ensures job security, even in tough economic situations like now. If you're indispensable, companies won't let you go easily.
working in large corporation isn't as simple as just learning new things and automatically our value will sky rocket though, the company will try their best to improve their efficiency so occasional lay offs is to be expected.
even more so if they deemed that the company is just too bad in term of efficiency.

but I could also question whether this is the effect of AI being utilized into system, essentially improving efficiency while making big portion of employee redundant. I mean it could be, Amazon is among the one that I expect to employ AI into their system faster than the other because they have the infrastructure already, they even provided services for AI deployment in their AWS.

but at the end of the day, if we really want to be financially secure, we should just try to make it big through entrepreneurship.
hero member
Activity: 1106
Merit: 912
Not Your Keys, Not Your Bitcoin
Amazon announced that they will lay off managerial positions with the aim of saving  $3 billion annually. Some people heard about this; they were grumbling; it was on social media, talking about how hard it is to get a job in the tech space especially when you're laid off.

So Amazon CEO Andy Jassy in September said they will have a strict work-in-office policy. Usually, you could work remotely or hybrid, but now you have to be in the office Monday to Friday. 70% of workers already considered leaving because it didn't provide a good human experience; it wasn't prioritizing employee experience.

How do you ensure job security in a hard economic situation like this?

I don't know much about HR of Amazon regarding remote work but I remember last year when Elon Musk purchase Twitter and rename it to X, he sacked more than 2/3 of the workers because according to him, there are huge of number of people that were doing remote job and most of their jobs can be done by some employees, so he has to mass sacked alot of them but he compensate them before the lay off so they can use that to sustain for the next 3 months before they get another job.

Similar thing might be going on in Amazon and now that we are fully out of corona, jobs like Amazon might not really need much remote people for their job and even if they need, it will be in low number and it could also be as a result of low patronage too, you can't keep people when their services are not require. I think the company has every right to do this but I hope they compensate those they layoff.
full member
Activity: 644
Merit: 202
People should expect more layoff from different companies all over the world. The world is becoming more civilized and AI is taken most of the jobs both physical and the online jobs. It's time people becomes more creative and skillful as not to depends on salary job because if you are fired without a person skill or entrepreneurally minded, you end up becoming less important to your family and the society. Elon Musk is building more robot to take over human work both domestic and industrial work. Domestic workers would be lay off, industrial/factory workers would be layoff for a robot, so we should expect more. The best thing to do now is to embrace online skill that will help us when the physical jobs will be taken. Though there will be physical jobs that robot will not do, but those will only be few and less attractive to work. Simply because a person that baught a robot to work, should have the reason of saving more from the initial amount he usually pay for such job. So robot will work an expensive job to minimise spending and human will be used for less expensive job.
In the era of increasingly rapid AI development, of course layoffs in companies will definitely happen sooner or later because as you said, many jobs will be replaced by AI, although not all can be replaced by human jobs. However, we must be smart in adapting and more creative because these opportunities are also many due to increasingly developing technology.

Apart from Amazon, there may be many more companies that will be hit by mass layoffs, even though they have been working for decades. However, if you are laid off from Amazon, of course that experience will be good capital to develop yourself again in the future because in an era like today, the priority is to have skills.

Therefore, if possible when working at a young age, you must be diligent in saving, investing and developing a business, even though it is difficult to do it all at once, at least seek knowledge first. Because if we have stopped working or been laid off at least we don't have to bother looking for work, because if we don't have knowledge then our money will also run out a lot and vice versa, with knowledge and experience we can survive in the midst of a difficult world economy.
sr. member
Activity: 434
Merit: 275
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People should expect more layoff from different companies all over the world. The world is becoming more civilized and AI is taken most of the jobs both physical and the online jobs. It's time people becomes more creative and skillful as not to depends on salary job because if you are fired without a person skill or entrepreneurally minded, you end up becoming less important to your family and the society. Elon Musk is building more robot to take over human work both domestic and industrial work. Domestic workers would be lay off, industrial/factory workers would be layoff for a robot, so we should expect more. The best thing to do now is to embrace online skill that will help us when the physical jobs will be taken. Though there will be physical jobs that robot will not do, but those will only be few and less attractive to work. Simply because a person that baught a robot to work, should have the reason of saving more from the initial amount he usually pay for such job. So robot will work an expensive job to minimise spending and human will be used for less expensive job.
hero member
Activity: 1666
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Leading Crypto Sports Betting & Casino Platform
No organization wants to leave those who are skilled. There are many experiences where different organizations want to retain skilled people with various additional benefits. That is, when the company or organization sees that if there is no such employee, the organization may have a big loss in its absence or there is a possibility of it happening in the future, then of course they will never exclude that employee.

As an employee, I would say that you should develop yourself. At present we can see the big impact of these AI tools as those who do small jobs can now AI tools can do that work very well. Then no businessman would want to have any need to hire staff with money. Therefore, it is beneficial for him to adapt himself to the current times as well as to make himself efficient.

In today's world, you have to face challenges in every field and you have to survive by competing in every place. Those who lose that competition will have to move out.

hero member
Activity: 686
Merit: 987
Give all before death
For someone to have worked in companies like Amazon for about 4 to 5 years then he shouldn't be afraid of being laid off. It should be an opportunity for them to venture into their personal business development and put their skills to work for their private benefits. Amazon is one company that pays its workers handsomely. 4 to 5 years' salary from Amazon is a very huge pay and that is enough for anyone to have a startup without going broke or struggling along the line.  
When you consider how much a firm pays it is also necessary to compare it with the living cost of the country the person lives. In developing nations like mine, Amazon pay will be enough to pay bills and have good savings to start a business. But when you compare the salary with the cost of living in most developed nations, it's just a minimum wage that is enough for a middle or even low-class lifestyle.

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Trust me, with my experience working in the tech industry for two years now, I have come to realize that it gives knowledge and exposure to that area of specialization which is more important than the money being paid to us. I know everyone is scared to be laid off in this present economy but sometimes its better so that we can work into our own potential.
Amazon is just like any other big business. Yeah, workers will be exposed to current skills in the industry, but starting and running a business is not that simple. There is no certainty that your exposure or expertise derives from Amazon will make you are successful entrepreneur. Also it is not everyone who works with Amazon are exposed to tech knowledge. Some people are just labourers or stock keepers.
hero member
Activity: 910
Merit: 680
Being a former employee of Amazon doesn't necessarily mean they're bad. They were still among the special people who have Amazon in their portfolios. It's really helping them to get a new job much easier than ordinary people.
Correct, if you get laid off from big companies, it means you have a very good skill.

The thing is, those ex Amazon workers don't want to apply for small company because they already have a high dignity and not willing to get paid low because they have high lifestyle. So, they're only looking for big companies like Amazon or bigger than Amazon, after keep waiting and they're getting rejected, they will blame the country and complain on social medias.
legendary
Activity: 3038
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How do you ensure job security in a hard economic situation like this?
As long as you add significant value to your company, it's unlikely that they would fire you.
Now, for a company like Amazon to be laying workers off, and they're not the only one considering layoffs. Many companies want to reduce their workforce to save money. Personally, what does this mean for you?
That could signal a recession. But I can't be negative until we see massive layoffs happen by some worldwide companies at the same time.

For me, even with these layoffs, not everyone will lose their job. Amazon and other companies will keep valuable employees. This means that wherever you work, you must constantly improve yourself and give value unless you don't like your job and want to leave. Being valuable ensures job security, even in tough economic situations like now. If you're indispensable, companies won't let you go easily.

Does knowing about layoffs make you want to avoid corporate work?
Being a former employee of Amazon doesn't necessarily mean they're bad. They were still among the special people who have Amazon in their portfolios. It's really helping them to get a new job much easier than ordinary people.
legendary
Activity: 2576
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How do you ensure job security in a hard economic situation like this?

Now, for a company like Amazon to be laying workers off, and they're not the only one considering layoffs. Many companies want to reduce their workforce to save money. Personally, what does this mean for you?

For me, even with these layoffs, not everyone will lose their job. Amazon and other companies will keep valuable employees. This means that wherever you work, you must constantly improve yourself and give value unless you don't like your job and want to leave. Being valuable ensures job security, even in tough economic situations like now. If you're indispensable, companies won't let you go easily.
The tech giant company has been laying off employees for years already. If I'm not mistaken, even other Tech-Giant companies also laid off their employees as well.

TBH, there's no perfect way to secure your job nowadays. I mean you can work many hours and even work over the intended time but still, you can get laid off especially if the company really needs to do it. I don't know the exact reason, but I believe integrating AI on their system is one reason why they want to reduce the workforce. Not everyone will lose their job of course, and those who knows how to use AI will have a big advantage over those who can't. Those who knows how to maximize AI to help the company their working for will have a higher chance of staying. This is the reason why I said to myself "Whatever happens, I need to have some passive income that would help me in the future just in case the time comes that I don't have a work at all." because being valuable with the company doesn't mean your job is secured.

Does knowing about layoffs make you want to avoid corporate work?
No, but if you want to have a secured job... or at least a more secured job then working in the government might be an option. Of course there are some factors to it, but that's what I believe.
hero member
Activity: 952
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Sincerely, I have long drawn my conclusions about corporate work due to similar  reasons like you mentioned and that's why I belong to the class of persons who support earning from multiple sources of income.

The truth is that there would be more layoffs because many a times, the workers are either lazy and want the company to carter for almost their every day need and when that doesn't happen, they tend to reduce their output, thus making the company environment stale. When that isn't the case, another consideration may be that the employee isn't suited for an office environment or that kind of work to be specific.

What people don't know is that there is economical change globally and when there is economic change, even the business readjust their ways of spending anf how they generate more revenge, they minimize their total cost of operation and maximize their profits and revenue and that's why Amazon laid of so much number isn't surprising, the company is doing anything that is going to favour his pocket and that of the company, it's always about the interests.

This is an advice I do give people, if you are working any company that has to with economic regulations, make sure to have money on you and save up as you are earning and start doing something later, it's better you have your own business so that when you are lay off, you should have a place you can rest on. Moreover, if you have a good resume, having new one wouldn't be difficult for them since there is experience.
sr. member
Activity: 546
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For someone to have worked in companies like Amazon for about 4 to 5 years then he shouldn't be afraid of being laid off. It should be an opportunity for them to venture into their personal business development and put their skills to work for their private benefits. Amazon is one company that pays its workers handsomely. 4 to 5 years' salary from Amazon is a very huge pay and that is enough for anyone to have a startup without going broke or struggling along the line. 

Trust me, with my experience working in the tech industry for two years now, I have come to realize that it gives knowledge and exposure to that area of specialization which is more important than the money being paid to us. I know everyone is scared to be laid off in this present economy but sometimes its better so that we can work into our own potential.
legendary
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Leading Crypto Sports Betting & Casino Platform
Isn't this why we are in bitcoin anyways? I mean not because we could be laid off, not everyone has a terrible boss like Jeff Bezos, he is a POS and I am sure that everyone who works for him is aware they could be fired at any given moment. However, we do work in stuff either that are our own business, or it could be someone else which may bankrupt in the future, like there is no guarantee we could do the same job for 20+ years, and this is the trouble we are in, we need to be ready for the future.

I believe we are going to invest into bitcoin this way so that we could have some good return as well, this way we could make some good profit from bitcoin, and if we are ever fired then we could end up with some profit later on as well. This is why we should be careful, and I believe we are going to have greater results on the long run.

If we invest into bitcoin, and have enough money to retire, then we reached our goal, then we do not have to retire, but if we ever get fired, then we will not have to worry about finding another job, we can take our time and eventually when we find a job, we are going to be working easier, we don't have to accept any job offer as well and can do fine.
sr. member
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Layoffs are a part of life, it’s always a possibility if you work for a private company. In some ways this is why lots of people like to work for the government because of the job security, sick pay etc. Working for yourself & being your own boss is the ultimate win because you can only really rely on yourself to do the best for you.

Everyone can't work for themselves because not everyone can be equipped with enough capabilities to be able to achieve that. Those who either have businesses of their own or do some work where they aren't working under someone else are the privileged ones. This is the reason why the majority work for companies, taking orders and doing work for others because they aren't able to do anything on their own.

I would never work for a firm if I knew that the skills I have the firm is going to use can be used by me to achieve financial and professional freedom, I wouldn't hesitate for a bit, but mostly, it's either a lack of resources or other skills that are combined with mine to get a job done. I might be able to manage one department, but that isn't going to bring me work. You need clients to have work, you can't get clients if you are not an expert in that area.

So it's mostly a compulsion because people know their skills alone cannot give them the freedom they desire, so they decide to do what they might not be happy doing.
legendary
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For me, even with these layoffs, not everyone will lose their job. Amazon and other companies will keep valuable employees. This means that wherever you work, you must constantly improve yourself and give value unless you don't like your job and want to leave. Being valuable ensures job security, even in tough economic situations like now. If you're indispensable, companies won't let you go easily.

Does knowing about layoffs make you want to avoid corporate work?
Short answer is yes. I would avoid it without strong enough union. And while everyone is not losing their job, that axe will hang in top of you all the time, making it difficult to relax ever.

You have to run your business. I recommend business in the food industry and also hairstyling. Doesn't matter what we invent, we want to eat delicious foods. Small supermarkets, and small restaurants, are very profitable businesses locally.
I also recommend hair salons. At the moment there isn't any AI that can cut your hair. Being a barber or having a hair salon business is a safe bet in 21st century to my min.
I haven't cut my hair for years in a barber, but aside that, i would think that those, like many others are going to be jobs where cheapest labor wins. And where i am going with that is that whole industry would be dominated by monopolies that do it cheaper. You can obviously run your own salon, or be a chef, but how are you making money when competition is high and salary is low because of competition.

You might be able to afford to keep your shop open, but eventually you probably would need to go working to the people who are running that monopoly. And once again, high changes to being laid off becomes a problem again.
hero member
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The people losing Amazon managerial jobs are the last people you need to feel sorry for in the current job market, having that position on their CV will most likely slide them into the next job quite easily. These periodic tech redundancy waves are actually quite frequent, it's when you see multiple of the large tech companies all deciding to shed workers at one time that you can start getting concerned.
No way, because there are always people who are losing their jobs from time to time. Even though the people on our topic here are former managers, I think it is not a guarantee that they will land their next jobs easily because there are lots of people in this world, so the competition is also/always tight or tough.

It's a bit weird how you refer to a "good human experience" when in actual fact many people don't particularly like going into work, they just know it is a necessity in order to pay for a mortgage and other bills.  future.
There are truly people who like what they are doing. The only key here is to find your real interest and stick to that. Sometimes people don't only have a choice or they find it difficult to jump from one job to the other. I think it is still okay as long as they earn something than nothing at all.
hero member
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Upskill and be the best in the path that you've chosen. There's no other choice for those who want to stay employed with the skills that they have. Otherwise, be a jack of all trades and try new things and let's learn how to plant our food in our backyards.


It is true that currently the development of the era is increasingly rapid, competition cannot be avoided at least by mastering many skills that can help our economy in the future, because in that way we can survive, by learning new things it is very necessary for now.

I think with time, we might even see something worse than this because the rate at which artificial intelligence is growing is stronger and in the next few years, many people might have to lose their jobs because they have no tech experience. So many jobs out there do not have any security and you might be surprised that soon, the job you think will foot the bills if your family will not be there any longer. Elon is already building his robots that would take care of our jobs and the government is not even doing anything to help in this kind of situation where jobs security are not more there. I hope the government will provide more jobs because in absence of that, people would have to suffer.
copper member
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Well, it's their decision to lay off people, and this is a challenging journey for everyone affected. It's essential to have that job security, and it's something that needs to be worked on. The shift in work-in-office is something that they made, and they had the company's priorities in mind when they decided on that.

Maybe they are worried that continuing to do the work from home might affect their performance or something. I think they would be relying on people who value this as well. I think it's essential to be adaptable.
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