Topic: Amazon Layoff and Job security in this hard economy - page 3. (Read 565 times)

No reasonable company will wanna lay off it's experienced workers that have immersed themselves to the rudiments of their job just to go employ newly graduated folks who have little or no experience. There could be more to their reasons of lay off than the assumptions you're making.  I am suspecting a large introduction of AI tools and robots into the company in carrying out certain functions and duties which could have led to a needlessness of continually having a high number of employees. And to this end, it's those with no much self upgrade that would be singled out for that exercise.

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. 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. Your only job security is to be dynamic and keep picking up new skills that are relevant to the future.

Amazon is not being sensitive with the issue of laying off of their workforce, if the company has been battling with financial incumbrances which is making them not to function as they used to, instead of laying off the staff's, it will have been preferable they offer them a pay cut, making it an open decision for those that would want to take the pay cut and remain with the job or don't take the pay cut and look for another job, that way you are giving the workers a human face, making them understand that things are not palatable the way it should be, hence they should also bear the brunt of the incumbrances the company is facing pending when things will normalize.

However outrightly laying them off especially as managers, doesn't show professionalism on the side of the company, given the fact they've sacrificed a whole lot of human resources on their part for the benefit of the company.

I guess that route is not possible for everyone, each worker can't be a perfectionist and everyone can't be best at work. That's human nature, some workers are more skilled and talented then others but the less talented workers also play their role properly as well.

But, I agree the one who want to perform their duties should improve themselves no matter what as those giant companies don't care about anyone but their own savings and profits.

Amazon is a private company that operates in multinational trade. Employees who work for the Amazon company should be safe without worrying about layoffs, but the facts that happened were unexpected, If you look at Amazon, which is based on electronics/technology and offers a wide variety of products, has the largest economic and sales turnover, it becomes a question as to the reason for the layoffs that Amazon is carrying out, even though they mention savings, I don't think that's what's happening.

Indeed, that is the risk of every employee who works in a private company, layoffs are a real and serious threat for them which can come at any time, the Amazon company alone can carry out layoffs, What's more, for other companies, I think nothing is safe for employees who work in the private sector, except: those/employees who work in the government, maybe they are safe even though the economic crisis occurs, Working in a private company we must be prepared to accept that a sequence of bad things will happen. For this reason, those of us who work in the private sector must have the principle that a time limit that we set at 5-10 years is sufficient, If layoffs occur, we are ready to accept it and start racking our brains to think about what would be good to develop so that the economy develops.

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.

That is true but the companies can layoff anybody that they want to. If the cost is too much to keep an employee, they'll choose to layoff rather than keep. This is the sad truth with employment, you can work for so many years with them and be loyal but they can't be and will not reciprocate in most cases and can easily replace you instantly. Looks like layoffs are everywhere and it was reported that Boeing will also layoff thousands of its employees which is equivalent to 10% of its total employees.

You are right except for the fact that other companies might not feel comfortable employing such persons on the ground of the range of salary they have been earning in a company like Amazon unless there is a negotiation of their pay to suit the new company.

Food is one area that have huge market and very easy to start. Anyone can easily start a farm or something related to food and grow rapidly over a couple of years. So while job will be lost in some sectors, opportunities abound in other sectors such as have been mentioned. My country is still a net importer of food despite our vast arable lands, so investment in agriculture is one of the best anyone could think of. So, we could collaborate and make some cool money in that area.

No job is secured except the one you created for yourself. These days, even the government are cutting costs by reducing the workforce in public service. The job market is not predictable, so we just need to be ready for the worst.

It means that I should seek other sources of income and learn new skills sets. You cannot stop a firm from downsizing but you can prepare for it.

Yeah, you need to improve yourself and be relevant to the organization. But you should know that no worker is indispensable. If your work can be performed by a robot or an AI machine, you will lose your job no matter how effective you are. Entrepreneurs don't care much about your input, all they want is to cut costs and make more money

Everybody will not be business owners. Starting and running a business is not an easy task, and not everyone will want to engage in it. I will keep diversifying my skills to increase my chances of getting jobs. However, this increase in layoff is motivating me to become self-employed.

Starting a business in the midst of economic hardship like today is just suicide. You can see so many businesses closing down these days because of the recession. Not to mention that starting a business requires capital - and spending a lot of money during a recession is not a wise thing to do - and there is no guarantee that you will get customers when you spend that much money. So it is a difficult situation and it is not easy to say that because we have not experienced it.

Working with them doesn't require going to the office so if they from now on, mandate their employees to be in the office then will travel far from their homes. They have to spend gas while they purposely move to where they live now because they know Amazon needs no office attendance. But then laying off in the end, they are really making this worse for the people who are already struggling with a few kids at home.

Starting is business however is good when the economy is also good. But because we are going back to the old recession days, we are doomed.

I don't think the strict work-in-office policy has much to do with layoffs. In my honest opinion, I feel it is less expensive for companies to have workers work from home than in the office. I feel ts about the profit. Maybe working from home is not as efficient as working in the office. I have seen reports that said working in the office makes you more productive than working from home. I know this may not be true for everybody but in the grand scheme, it may be true.


This is one of those things that is not so practical. Not everybody can have a business. Some people will have skills and degrees where they need jobs, some will want to pursue careers. Even if everybody can have a business, not everybody can go into a food business or hair salon business. People who have those skills are people who can have those kinds of business and even at that, not every one of them will have the resources to run their own business.

That’s probably one of the biggest signs of the recession. No good. If the trend continues, the other companies will follow and lots of people will lose their jobs. We need to get prepared for the future. Increase your savings and if you can’t do that for some reason, cut your spendings to have the same effect. Have an emergency fund and don’t tell anyone about it. Buy some physical gold coins in case the unexpected happens. Then pray a lot because there isn’t much else you can do other than that. The future doesn’t really look bright especially if the dems win the White House next month one more time.

It's not hard to get a job in tech, especially when you have working experience in Amazon. Any company will be happy to accept any ex-Ammeon employee.

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.

It's easier to said than done.

Our life aren't only to work and work till die, there are time we can focus on our job, there are time we're interested to upgrade ourselves, and there are time we're burn out. Take a look with yourself, if you keep improving, you should receive more merit than in the past, but your last 2-3 months received merit are higher than your last and this month received merit.

This layoff was caused by many people who switch career to IT or there are many new people graduate with computer science degree.

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?

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.

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

Reference: https://techcrunch.com/2024/10/11/tech-layoffs-2024-list/