Red flag, working conditions must be bad.
this post was submitted on 29 Sep 2023
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I mean they are notorious for having horrible working conditions even for developers lol
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(7 replies)
The more people agree to work for and comply with evil corporations, the more the world will come to reflect their evil ideas.
I doubt the guy working as a slave in an Amazon warehouse has a gamut of options to choose from
They actually have many options, no way Amazon is the only employer that would employ them, and they chose Amazon probably because it's actually the least evil of options or somewhat "better" in something. It doesn't have to be actually better in terms of work or pay etc. but perhaps how easy it was to commute (though I heard Amazon has plenty of work benefits actually)
Now other employers have to compete because they need an employee too. So they try to one up Amazon. If they get good enough Amazon will lose too many employees and have to one up the other employers. etc.
Ok but this clearly doesn't seem to work well, right? Wages stagnating and harsh work etc. This is probably related to many factors but I guess job security is a big one, people don't job hop as much and fear getting fired homeslessness etc. Another one is too many potential employees to choose for limited spots (with the increasing levels of automation in every kind of work), so much that employers can actually down on their work conditions and say "ok then, whoever can stand these conditions for this price can work here".
I'm not some economist or something but I believe UBI or some derivative of it at least would be the leverage for that. If someone who just got fired were to receive 1000$ per months on top of their current savings for 24 months, they won't be so much of a risk and won't be inclined to work in a 1200$ per month job either. We don't actually need this constant race of upping minimum wage and many other band aid regulations if that could be a thing.
The premise is the same, unfortunately. Desperate people do desperate things, but it reflects on the world around them.
What could go wrong?
I’m wondering if they get away with it despite the lack of stock movement. So much of staff compensation is tied to stock price. Staff previously got RSUs allocated and stayed because they went up in value every year but lately it’s been stagnant. People are less likely to put up with this bullshit if there is no big payout at the end.
What stock price are looking at? It's up 50% this year.
And before you quote that it's lower than its peak during COVID, so is the majority of not all big tech firms.
The stock vests across 4 years and then you get a refresh. There are a lot of staff that started 2019-2022 that are thinking about their lost value. Amazon will offer extra stock so they don’t lose money but many people are driven to work there from stories of the people previoiusly that would see their share price increase dramatically month to month like from 2013-2020. That’s what everyone got used to. So if you were told you got 60k of RSUs across 4 years, you knew it was really like 150k at least. For those that started like 4ish years ago that is no longer the case and I wonder how it will impact staff attrition.
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This is the best summary I could come up with:
The new badge report for individual employees is a reversal from Amazon's previous policy of only tracking anonymized, aggregated office attendance data, which it said was shared with managers, primarily for safety and space planning purposes.
For example, at a recent internal townhall meeting, Amazon's SVP Peter DeSantis told his engineering team that office badging data is "informational" and only shared in "very aggregated ways," as Insider previously reported.
In an email to Insider, Amazon's spokesperson Rob Munoz said badge data does not account for reported paid-time off, personal time, or work from a non-corporate building.
The memo added badge data is not available to employees in Germany, France, Italy, the Netherlands, Luxembourg, Korea, or Taiwan.
"We're providing this data to help guide conversations as needed between employees and managers about coming into the office with their colleagues," said the memo, obtained by Insider.
Amazon's CEO Andy Jassy, meanwhile, told employees in an internal meeting last month that it's "past" the time to commit to the company's RTO policy, saying "it's probably not going to work out" for those refusing to comply.
The original article contains 547 words, the summary contains 182 words. Saved 67%. I'm a bot and I'm open source!
Despising not surprising.
No shit.
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