#AmazonLayoffs

[eedinanews]

ಇ-ಕಾಮರ್ಸ್ ಕಂಪನಿ ಅಮೆಜಾನ್‌ ಭಾರತದ 1000 ನೌಕರರು ಸೇರಿದಂತೆ  ಪ್ರಪಂಚದಾದ್ಯಂತ 18 ಸಾವಿರ ಉದ್ಯೋಗಿಗಳನ್ನು ಕೆಲಸದಿಂದ ವಜಾ ಮಾಡಲು ನಿರ್ಧರಿಸಿದೆ.

[webnewsify1]

Amazon is closing the go-to camera reviews website 'DPReview' after 25 years

After over 25 years of existence, Amazon has announced that it will soon close "DPReview," its go-to website for camera reviews. According to Scott Everett, general manager of DPReview.com, "the site will stay active until April 10; the editorial team is continuing working on reviews and looking forward to producing some of our best-ever material." The decision, according to the business, "is part of the yearly operating plan review that our parent firm shared earlier this year," it added. Before Amazon bought DPReview in 2007, it had been established in England since 1998. In order to be nearer to Amazon's headquarters, the crew moved to Seattle, Washington, in 2010. Also Read : Amazon Will Lay Off 9,000 More Employees The delivery of current Kindle Newsstand subscriptions will end in September, according to a statement made by Amazon, which also noted that it stopped selling magazine and newspaper subscriptions through Kindle Newsstand as of March 9. People can read publications' Kindle-specific editions directly on their devices thanks to Kindle Newsstand. Meanwhile, earlier this week, Amazon revealed that it would be firing 9,000 more people from its Amazon Web Services (AWS), Twitch, advertising, and HR departments. After finishing the second stage of its operational plan ("OP2") this past week, Amazon CEO Andy Jassy wrote in a message, "I'm writing to advise that we intend to cut around 9,000 more employees in the next few weeks a" largely in AWS, PXT, Advertising, and Twitch. Read the full article

[followtrendings]

Actual Reasons for Layoffs at Tech Giants Meta, Amazon, Google, Twitter, and Microsoft.

Recently we have heard a number of layoffs news. Many small companies lay off from time to time in small numbers and these go unnoticed. But when these layoffs are done by tech giants like Meta, Google, Amazon, Microsoft, and Twitter, these are taken seriously all over the world and are demanded explanations for their actions. We already have covered news about layoffs by some of these in our FT Tech News series. Collectively, these tech giants have fired more than 150,000 employees in just the last few months. They all have their reasons for the layoffs and they all end up to the conclusion that they want to reduce costs because economic growth has slowed down all over the world. But this is not the actual truth.

Topics We Have Covered

Why these companies' reasons are not valid? What are the reasons for layoffs by Google, Microsoft, Amazon, Meta, and other tech giants? Who was laid off?In terms of roles and positions In terms of gender What are the people doing now after getting laid off?

Why these companies' reasons are not valid?

The conclusion drawn from their reasons all points towards the fact that they want to decrease the costs. Yes, we all can understand the reason and to some extent, we hesitantly agree to their reasons. But this is where they are all fooling us. Any reason for any decision is valid as long as they do actions relating to their reasons. But the actions done by these companies speak the whole truth.  For example, Microsoft laid off around 10,000 of its employees and after that, we came to know that it invested 1 million dollars in ChatGPT of OpenAI and is planning to invest more in the future. This action tells that there was a commercial purpose behind the decision to spend $1 million which is equivalent to the laid-off employee. Likewise, Google is planning to lay off 12,000 of its employees which is 6% of its workforce. Again there is news about Google launching ChatGPT-like AI in the coming months and recently Google also launched a demo of its AI named MusicLM which can generate music from texts, humming, and whistling. I don’t think I need to remind you what Twitter did, do I? But for a few who don’t know then let me explain in very few words. When Elon Musk took over Twitter and became the new CEO, he fired half of its employees. So now what is the main reason for these tech companies' huge layoffs? Below is the data shared by data experts at 365 Data Science when they tried to get to the bottom of this.

What are the reasons for layoffs by Google, Microsoft, Amazon, Meta, and other tech giants?

The pandemic situation is not that surprising. It is quite obvious, right?  During and after the Covid, these companies hired a lot of talents, more than what they usually hire. This also resulted in record-breaking sales and revenues. Now let’s do the analysis. Since the people who were hired during and right after the pandemic, their experience at work will be roughly two years. So a fresher who is just laid off has not had enough value from the company's point of view. So by laying off, these companies are just trying normal the situation in terms of hiring and number of employees. But this is not the whole story. You must be thinking that if these companies laid off only freshers? The answer is no. According to 365 Data Science, the average experience of employees who was laid off was found 11.5 years. This means those who were working for more than 10 years also got laid off. We can assume that freshers have tasks that can be done by others or even be automated. So they might have fired them but why they fired the experienced ones?  The answer is that older employees receive higher salaries and firing them could help these companies meet their financial requirements. Also Read: 7 Legit Reasons Why People Don’t Buy Tesla Cars (Maybe after knowing it, you won’t either)

Who was laid off?

In terms of roles and positions According to 365 Data Science, people working within the HR department were among the most affected. About 28% of the layoffs were from HR. This is relatable because firing staffs mean they are not thinking about the recruitment of staff any time soon. So no recruitment means very little need for HR staff. Another reason for HR layoff is that many functions and tasks of HR can be automated. There are currently many platforms in the market that try to automate typical operations associated with interviewing and onboarding new personnel, such as checking references, validating IDs, and conducting health and safety checks. For example, Amazon already uses AI to identify less productive workers and fire them. Roles of talent sourcing and HR were affected mostly in Meta and Microsoft while software engineers were the main affected job category at Google and Twitter. In terms of gender It has been a topic of debate over the years that females also should be given opportunities, especially in the tech industry. To some extent, these companies have done well to balance the gender ratio by giving new opportunities and this data has significantly improved. But we all were surprised to see this new data about layoffs of these companies. The data revealed by 365 Data Science shows that about 56% of those who were laid off were female. This is showing a really bad message to the public and is kind of demotivational for the females who are potentially the best in this field.

What are the people doing now after getting laid off?

The data shows that only 10% of the laid-offs have posted for new jobs so far on their Linkedin profiles. It might be because they are taking some time off for themselves before going on job hunting. Another thing could be they all might head into self-employment or the freelance gig-like industry. Only time will tell. Read the full article

[leansixsigmaacademy]

🔰 136,000. That’s how many employees were cut in major U.S. layoffs over the first three months of 2023—more than the previous two fiscal quarters combined, led by massive head count reductions at Amazon, Google, Meta and Microsoft, according to Forbes’ tracker.

Despite massive layoffs continuing at many large companies over the first few months of 2023, the U.S. labor market still managed to add 236,000 jobs in the month of March while the unemployment rate dropped to 3.5% from 3.6% in February, according to Labor Department data—though it was the smallest increase in total employment since December 2020, sparking fears among economists that a recession could be under way.

➡️ Lean Six Sigma is a powerful methodology that enhances employability by improving efficiency and quality. It equips individuals with problem-solving skills, data-driven decision-making, and process optimization capabilities. Organizations across industries value Lean Six Sigma professionals for their ability to drive productivity, reduce costs, and deliver customer satisfaction. By gaining Lean Six Sigma expertise, you can stand out in the job market, unlock career opportunities, and contribute significantly to organizational success. Embrace Lean Six Sigma to bolster your employability and achieve professional excellence.

lean6sigmaacademy #leansixsigma #layoffs #layoff #uslayoff #amazonlayoff #googlelayoff #metalayoff

[h1bvisatransferus-blog]

https://www.h1btransfersusa.com/blog/amazon-to-hire-new-people-in-2023-after-announcing-layoffs-of-10000-employees-globally/ Amazon hired new employees after announcing the layoffs of 10,000 employees worldwide. A new report suggests that Amazon will hire more workers for its Amazon Web Services (AWS) companies after announcing the layoff of 10,000 employees globally. #amazonlayoffs #h1blayoffs #h1bvisa #laidoffh1bholders #laidoffh1bworkers