this post was submitted on 24 Jul 2023
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Leaked messages show Amazon will force a 'voluntary resignation' on employees failing to relocate near their team 'hubs'::undefined

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[–] [email protected] 22 points 1 year ago (1 children)

They just want to downsize without looking bad to investors, lmao.

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (2 children)

Downsizing is good for investors since it reduces costs making your quarterly results look sexier.

[–] [email protected] 1 points 1 year ago

Downsizing can look scary to investors though, like the company isn't doing well.

[–] [email protected] 1 points 1 year ago

Yes and no. They have to cut expenditures but make it look like it’s not because they’re not making enough profit.

A company with high profits good, but a company laying off employees to get high profits must be in trouble.

It’s a stupid dance between VC and CEOs.