Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Caroline Hyde

๐Ÿ‘ค Speaker
7072 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

Yeah, definitely a de-layering.

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

They're kind of targeting the middle.

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

And this is something that goes back to last year when Jassy was talking about, you know, more people who are doing the direct work and fewer people managing the work, you know, in the middle.

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

So there's that in there.

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

It also hit a large...

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

You know, different parts of the organization.

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

So when when they had initially laid off 14000 back in October, departments were given a choice.

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

They said they had to hit some numbers and they were given a choice.

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

Do you want to cut people now or wait until after after the holiday season?

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

And so a lot of.

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

departments, particularly the retail division, waited until after Christmas to do their cuts.

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

So now we're seeing a total of 30,000, which is the biggest in Amazon's history for the corporate side.

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

And that's, you know, compared to, I think, 27,000, which was a few years ago back in 2021 and 22.

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

Now, it feels, Spencer, that they've been at length to say this isn't some regular occurrence.

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

I know Beth Galletti, who's really in charge of people experience technology, is this isn't going to be some rolling set of cuts that we see every few months.

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

But 30,000 last three months is a huge amount.

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

Yeah, $30,000 is a big amount.

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

But also, if you read her statement very carefully, it's really corporate gobbledygook trying to strike that tone between reassuring employees but also not making any promises.

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

You know what I mean?

Bloomberg Tech
Amazon Cutting 16,000 Jobs, ASML Reports Record Bookings

So she's saying some might ask if this is going to be a rolling theme, but she's not really saying, hey, we're not going to cut any more over this period of time.