Amazon to Lay Off over 17,000 Workers, More Than First Planned
Here’s a thought that has been percolating in my mind for a bit since these “market adjustments” began a month or two back.Somehow at some point, in what perhaps could be blamed on the ever-hated mass produced MBAs - companies got really comfortable with the “it’s not personal, it’s just good business” of letting go of their employees for a slightest reason, or sometimes for no reason at all - just to make it look to their investors like they got their shit together.We are seeing a bit of a market downturn - but it hasn’t hit Amazon pocketbook now, has it? Are they in danger of running out of money? What happened to “people are our most important resource”?And this brings me to my main point - I think years of this has had an unexpected side-effect the companies never signed up for: people started treating companies they way companies treating people and we are starting to see the results - quiet quitting, oft bemoaned lack of loyalty, job hopping, etc. Now I am not saying it’s all new, but at least in my observation it’s peaking now and my thesis is these things are connected.