Topic: Amazon Layoff and Job security in this hard economy (Read 586 times)

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.

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.

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.
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.

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.

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.

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.

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.

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.

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.

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.

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.

As long as you add significant value to your company, it's unlikely that they would fire 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

This is why one need to be his/her own boss cause  looking at the economy situations of the country it'll be difficult for the one struggling with just this job to survive, things like this happen and they lay off almost every staff and recruit the ones through their own means, that is connection. It's so disheartening that situations like this occur and it's due to bad leadership from any sector that it may arise and I think it's not fair enough to balance up with the economy crisis, so it's time one need to focus on improving themselves.

But for how long will you remain indispensable, it will only take some time before someone or a machine is able to do the job you do for the company, and your position becomes threatened.
Understanding and knowing that there is every possibility to be laid of work should make you not want to avoid the corporate environment of work but make you want to plan better with every income you earn from working there knowing that It is not permanent and the earlier you are able to set up yourself individually either as a business person or increase the opportunity you have, the better for you. You should never be relaxed when you are working for someone because you do not own the company and it is not a government job where there is more job assurance.

You are absolutely right that everything can be achieved with business.  But this job is good and beneficial for people who can't put interest and mind in business and who don't want to be owner.Actually no one knows what is profit in business because there is loss in it and people say there is no loss in job no money investment.Once you understand marketing and have a business mind, you will become rich.But in today's era most of the focus is on business but online.  Because those who don't have much money are doing business in the online market instead of the outside market in which they have a lot of profit.

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.

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.

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.

Lay off isn't a new problem especially since COVID many companies laid off their employees and this is going to continue even in the future for many reasons, the development of AI replaced the actual human for most jobs so why would they want to pay huge salary, offer benefits when they fulfill the same job by automation and less expense with no management.

Another reason is these companies recruited more than they need when people were willing to work for any salary in 2020 due to pandemic and once they found that they have more work force than they need is now backfiring at the people again.

Only way of survival isnto make yourself irreplaceable by gaining skills and knowledge, once you prove yourself you bring more profits than your salary then company won't have any reason to fire you.

It depends on what business you start during the recession. The food business always works, especially cheap fast food. Meal delivery service also works extremely well. During the Covid pandemic, local malls were full of people who were buying clothes. It's not like people are poor and don't have money, the reality is quite the opposite. Many people cry that they don't have money but that's very different from reality. I am a UI/UX designer, who recently designed a website for a fitness company, that only focuses on rich, premium clients. Believe it or not, they are getting new customers every day despite the fact that they are extremely expensive.

My country is like that too but faring is not profitable here because people are very lazy and it's very hard to find a workforce. Tractor owners charge you so high prices that it looks like they want to become rich tomorrow. Also, a modern girl won't marry to you if you work in farming or similar job. Everything is messed up.

Yes ,you are right. Job security is very important for the small family people because they want peace in their life and they are happy with their limited resources and they they did not work to produce other resources. Resources are everything in life because because people judge us by our resources and our our status . If someone lose his job , his family will be on road and that will be dangerous situation for him . Amazon is good option in the market and we can earn good income by working as Amazon mutual assistant because mutual assistant is needed  by every business owner.Amazon business owner have good plan and good business owners know how to runs business and possibility lose of job is very less.

What is really disappointing in this situation is the ability of many companies to lay off employees all of a sudden. These workers do not have contracts that grant them rights. I think it should be allowed that they sign contracts where there is a timeframe of when can their contracts end otherwise they will not be able to look for other options before they lose their job.
Losing one job, especially if that is the only source of income you have, can be utterly devastating. It will put a lot of distress on to someone especially if they are the provider of the family. We all deserve a better work environment than the current ones we have where it does not seem to have any remorse for their employees.

It is difficult to know about all of this layoff activity. Especially coming from a company like Amazon, this clearly highlights the unpredictability of the tech industry. Even those in leadership roles I think you're spot on about being important. Job security during times like these depends on adapting and continually improving your skills. If you can demonstrate that you are an important part of the company's success. It is very difficult to replace you.

At the same time, returning to work hard in the office may cause many people to suffer. People are definitely confused. Many users are familiar with remote or hybrid settings changes. It makes this change feel like a step back. It's not just about performance. but also about how people value work-life balance and their mental health. To me, as for answering your question, being laid off did not make me avoid corporate work. But it sure made me pay attention. It reinforces how important it is to not lose that enthusiasm and to find how to future proof your career. Whether that be through acquiring new skills, funding or even taking on side projects.


I understand the sadness and frustration of a layoff. Especially when people give so much to the company. No matter how hard you work You are still just a number for these companies. And that uncertainty is hard to deal with, and suddenly, without any real warning or resolution, it's disastrous for a lot of people. That's why I think that most people turn to contracting or freelancing there's a degree of control over your work and your finances that you simply can't achieve when you're working for somebody else. Of course, it's not easy. But for some people The risk of having not to live in fear of being fired is worth it.

The current economic downturn makes the loss of a job feel like an overwhelming experience. Even if sometimes it seems hopeless, I agree with the fact that this may cause mental health problems. And it is very important that companies They should provide maximum cooperation to their employees while going through a tough time like this. It must be a significant shock when you get laid off. Especially when you are not prepared neither in terms of your financial status nor emotional status. At the same time, I think it's important to be able to create a level of self-sufficiency. Whether it's creating new skills, starting a side business, or just having some form of emergency funds? We can't always control big corporate decisions. But we can try to position ourselves to bounce back as much as possible.

Seen this I was very sad because sacking people is something that is very common with most of this companies they can send you off any time they want they don't even consider how you feel, some don't even give pre warning so that they will be able to actually prepare towards. And a lot of people have worked their house up just to keep the business in line, just for them to be sent away.  And that is why some set of people don't really love to work for any company just because they don't want to find their self in any situation. And if anyone can just trust their own idea instead of trust to work for this folks you will be on your own, losing a job in this economy can actually make you lose you mind, might even led them to commit sucide that is how worse it can be, thoughts of what you want to feed on and many more.

There is no need to be perfectionist on this case. Upskilling and learning new skill isn't like that. But it's true that this isn't applicable to everybody but in terms of survival skills, our natural instinct will push everyone to learn something new when they have to do it asap. We should work on our own because these companies won't worry about losing the best and the brightest when they can see that talent as well with other potential candidate especially those top companies that are part of FAANG and S&P500.

Yes, I do plan to avoid more corporate work. A huge part of my current job history was spent working for large companies, they tend to waste too much time with meetings, and hire over qualified people for generally easy, boring jobs. There were many great moments and good people, but returning is not happening asap.

What is important for any worker out there is for them to improve on their own hard skills. Organizations do not necessarily require exceptional workers all through but most will prefer to have an averagely performing workforce, one with an excellent leadership and management skills. Maybe, robots will perform exceptionally well across all boards, since they can be programmed to have the skills of offering high skilled jobs than humans, however, I know there will be constraints especially when it has do with emotional intelligence which may be an ingredient tailored towards strategically delivering the company tasks.

Amazon has never been great to work for, they were good not great pay and worked you hard.
Forcing people into RTO is a good way to make people quit. If they quit, you don't have to pay for unemployment benefits as if you had fired / laid them off. So you get to cut staff that way.

Then you have the fact that they own a lot (not rent) a lot of office space that they have been unable to offload since a lot more businesses are going more and more work from home so more and more office space is becoming available.

As an example:
8 years ago buy building: https://libn.com/2016/10/25/capital-one-buys-first-datas-melville-building/
This summer most people are working from home, don't need it: https://www.newsday.com/business/capital-one-bank-melville-tmfru4py

Can find a lot of those.

Can't speak to the rest of the world, but the jobs market in the US is doing fine.

https://www.reuters.com/markets/us/us-job-openings-rebound-august-hiring-soft-2024-10-01/
https://www.bls.gov/news.release/pdf/empsit.pdf

Hiring is slowing a bit, but everyone I know who has been looking for a job has found one. Heck, there were recruiters from large firms at my neighbors kids college graduation ceremony.

Anyway, unless you are in a union you don't have any job security.
From a movie 30 years ago: https://www.youtube.com/watch?v=tX_V6D4FT9o

Has not changed.

-Dave

There's no such thing as "job security". We don't live in the twentieth century, where most "blue collar" workers could work for 30-40 years in the same factory and retire. The modern day employees could easily switch from one job to another. This kinda sucks, but the modern day economy is more flexible and less secure. I work at home as a freelancer, so I couldn't care less about corporate layoffs and some imaginary "job security". The employer will keep you as long as his profit from your work is bigger than the costs of your salary. That's how capitalism works, whether you like it or not.

Just as usual, most people would recommend upskilling. And honestly, I don't think I can recommend anything better than that. Maybe socializing as well but there's a limit since that would take time in the first place before you can actually see the effects. It's not that easy to get into the social circles of big wigs after all. I've also never really avoided corpo work, if I get hired and paid handsomely I'd take it, if not then just keep looking while free lancing.

Still I think there's still a lot of companies hiring? Not at the level of amazon ofc, but if you look a level lower I reckon if you were skilled enough to get into Amazon you can get a job then and there. Granted lower pay yeah, but I'd much rather have a job while looking for one than noe one have at all.

The news is quite shocking for me, however, It needs to be put into perspective that they are also streamlining their structure for faster and leaner layers. This isn't all about job cuts but making the company lean and more innovative during the slowdown of the economy. Layoffs remain alarming, but Amazon remains very much invested in long-term growth and customer satisfaction, as reflected by its strong position in strategic areas such as AWS and Customer Experiences.

In this case, the news to return to work in the office might be upsetting to some employees, and 70 percent claiming that they would consider leaving is not an insignificant amount. But Andy Jassy believes this is necessary in building collaboration and company culture. Of course, it's tough because it balances employee experience with business needs, and at a time of uncertainty, companies often lean toward what will drive efficiency and long-term results. Undeniably much more challenging for job security, and still true, that companies, Amazon included, will hang onto employees who continually add value and adapt. This is about being proactive through hard times, which might open new opportunities to people that are willing to evolve with the business.

Regardless of the percentage of workers a company wants to layoff, no company wants to do away with staffs that are strong asset to them. Normally, when laying off workers, it's usually the ones that are easily replaceable that are layed off while the  well experienced one are always allowed to stay and even if for some reasons well experienced workers are to be played off, it's not always deficult to get another job as long as you're highly skilled at what you do. There's not a thing as 100% job security in any industry except you own the business.  the only way to ensure that the likelihood of being part of those that would be layed off is reduced is to increase your value and upgrade your portfolio constantly while still working under the company.

The effect of the bad economy the world is facing is affecting companies in different forms and alot of them are looking out for means to cut down cost. Setting out a plan B wouldn't be a bad idea because in this competitive tech industry, if you're an average skilled person, your job security is never guaranteed.

Avoiding corporate works is only a thing when you have options of getting another job so easily. We are living in times when most workers don't have much choice with the decision of doing iether corporate job or private jobs. If what you can lay hold of is any of the two, you just have to work with them with the reality that you're definitely not working for that firm forever.

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/