$94.16....that's a drop of about 43 percent over the last year... https://seekingalpha.com/symbol/AMZN
AMP Layoffs
Amp layoffs announced today. Three months to find another role internally otherwise out with severance.
Doesn't sound good...
https://techcrunch.com/2022/10/27/amazons-income-dipped-in-q3-2022-as-the-economy-took-its-toll/ https://www.reuters.com/business/retail-consumer/wall-st-loses-over-200-billion-value-after-report-amazon-2022-10-27/
Weird Experience -AWS
So I have had a weird interviewing experience from AWS. It happened the first time and I didn't see any red flags but now I am beginning to think this might be a scam running on LinkedIn. So, the modus operandi is as follows- A sourcer recruiter... — read more
"Amazon braces for $1B class action lawsuit focused on Buy Box"
"Hausfeld will allege that Amazon uses an algorithm to favor its own products and third-party sellers who use its storage and delivery services. Its lawsuit will focus on Amazon’s “Buy Box”, in which items are more visible to... — read more
AWS Proserv to SDM roles
How hard is it to move from proserv Cloud architect to SDE/SDM roles? I am at L6 with AWS proserv, working here since 2 years! Now would like to move to more technical side for the growth and pay both! How hard is it to move to SDE teams in AWS, AWS... — read more
For Amazon workers with student loan debt
But the fight is far from over, and the stakes are higher than ever. https://www.highereducationinquirer.org/2022/10/i-went-on-strike-to-cancel-my-student.html
Amazon engages in job cutting as economic crisis worsens
Amazon has closed down or canceled plans to open 44 facilities in the US in 2022, according to MWPVL International, which maintains a tally on Amazon’s facilities. These are mostly its last-mile delivery stations. Amazon has also delayed the opening... — read more
How is working at Amazon Commerce platform?
Anyone working in that organization and can shed light on the culture and room for growth?
Layoffs are already happening !!
Amazon does not do traditional layoffs! But don’t let that trick you, teams are and will be receiving mandatory % of members being put on PIP, regardless of the performance. This is being actively done for last 4 months.
Layoffs to follow
https://www.nytimes.com/2022/10/04/technology/amazon-freezes-corporate-hiring.html
Amazon Shares
9-2-22: $127.51 9-2-21: $173.90
How does a reorg work at AWS/Amazon?
Team I’m currently on is going through a reorg. I’m only 4 months in at AWS. Manager says I’m way ahead of schedule in development. Have been assured job isn’t in jeopardy. Just would love insight on how reorgs work? Are you presented with... — read more
Favoritism is rampant
It's not like this is the only company I've worked for that has a problem with favoritism. However, it has become widespread here and managers no longer even hide the fact that they give unfair support to certain employees while they treat others... — read more
Alibaba laid off 10,000 employees
That's a nice preview of what'll be coming our way very soon.
Amazon's move against climate change funding?
How much was Amazon involved in this? https://www.axios.com/2022/08/01/corporate-america-strikes-back
Earnings results will be abysmal
This will accelerate plans for layoffs. The leadership is in panic mode since they're not used to seeing the numbers drop this way. Just look at the price increases and additional fees and whatnots they've been adding left and right. Major cuts are... — read more
Layoffs at Amazon aggregator unicorn SellerX as downturn bites
Amazon aggregator SellerX, which is worth over $1bn and has secured the backing of investors such as BlackRock and Sofina, has laid off staff — as a wave of layoffs sweeps the industry. SellerX, based in Berlin, has cut around 28 jobs, a person... — read more
What is it like to be PIPed?
I guess the feeling of being PIPed is awful, maybe even worse than being laid off, if only because of the uncertainty. It wouldn't surprise me if those who were put through PIP were put under so much more pressure and intentionally overwhelmed that... — read more
Don't quit
A lot of my coworkers are considering quitting due to everything that's been going on. I understand that being the first reaction when faced with the lack of job security for the first time in a while, but you should not follow that first instinct... — read more
JPMorgan is the latest to downgrade Amazon
I can't be the only one who's worried about the coming months? The way things have been going, we'll be looking at major layoffs before the end of the year. I wish I was wrong and overreacting and if somebody wants to explain to me why this is not... — read more
This is not a job
This is he-l on earth. How can a company be allowed to treat us this way? We are not robots. We are people. What they're doing to us is inhumane. If you are thinking of joining an Amazon warehouse, run as far and as fast as you can. I honestly don't... — read more
Hiring Freezer/Workforce Reduction/Layoff
Any talk of rescinded offers, hiring freezes, workforce reduction, or layoffs within AWS or Amazon amid recession?
"Bellmawr Amazon workers walk off the job in protest of facility transfers"
https://whyy.org/articles/bellmawr-amazon-walkout-warehouse-transfers/
Cuts in hiring usually come before layoffs
Amazon's retail business will hire fewer people than it had initially planned for this year as it grapples with slowing growth and rising costs, Insider has learned. Amazon's Worldwide Consumer team, which manages everything from the retail giant's... — read more
PIP question - Should I Wait?
I was informed that I am officially in PIP!!! I have two months from now to get out of PIP by meeting the outlined goal(s). I've been with Amazon for 2.5 years and my next vest is due in about 2.5 months (I am getting $30K). Anyhow, here is the... — read more
We are not afraid of layoffs!
We PIP 5% of the workforce every year. It's a given. WE DO NOT FEAR CUTS? Almost all of us have PTSD due to this though.
Lots of RSUs Vesting This Week
There will be a lot of people leaving soon, there are a lot of RSUs that will vest this week. Cheers!
Words of Wisdom
https://youtu.be/7zKNbRhZ5v0
Focus, next steps
Red badge amazonian here. I was told yesterday that I will be put in focus. I have some interviews lined up but not very confident as I have not interviewed for a job in 10 yrs. I'm being treated for anxiety, depression for over a year. I'm a... — read more
L5 / L4 Offers
Just wanted to hear some thoughts on this. I'm currently at a remote position with a small company making $105k. I have 6 years of experience and interviewed at Amazon for a remote L5 role. I did not feel that I did very well at the interview, and... — read more
Corporate layoffs
Does anybody know if corporate will be hit with layoffs any time soon?
Fingers crossed
Amazon employees need a union. I just hope enough of us are brave enough to keep voting for it. There is a reason why the company spent MILLIONS to try to bust our efforts to unionize in the first place. That should be enough of a sign to people how... — read more
Too many people are gleeful about Amazon losing money
Everybody is thinking about Bezos and nobody is thinking about hundreds of thousands of employees who will be affected if the company fails. You're basically cheering for people who are barely making ends meet to lose their livelihoods because you... — read more
Prepare for layoffs!
They might say they're not planning any layoffs, but everybody should know better than that. Amazon looks to cut costs after first loss in seven years sends stock careening... — read more
Amazon Closing 4 New York Sites Leaving Many Out of Work
A recent WARN notice states Amazon is closing four stores in New York. Among the closers are Amazon 4-Star, book and pop up stores, according to the New York State Department of Labor Office of Dislocated Workers... — read more
Amazon tops LinkedIn's The 50 best workplaces to grow your career in the U.S. list
As somebody who has been with Amazon for five years, I feel sorry for all of those who're hoping to get a job here. I don't know how this place gets the good rep it gets (other than in the warehouses, of course) but it's not as good as you think it... — read more