Amazon lays off 500 Twitch employees, hundreds more at MGM and Prime Video
Amazon lays off 500 Twitch employees, hundreds more at MGM and Prime Video
arstechnica.com
Amazon lays off 500 Twitch employees, hundreds more at MGM and Prime Video
40 comments
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This legal responsibility to shareholder profits sure is shitting on everything else. We should change that.
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people really shouldn't get to gamble on companies and people's livelihoods
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That's just an excuse companies make when they never had the intention of doing the right thing.
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The fiduciary responsibility standard is there to protect people’s retirement which is all in the market. It sucks that people are losing are being laid off but I don’t think changing the standard would give these people their jobs back.
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You should not be entitled to protection when you engage in gambling knowingly and with your own volition. These protections certainly should not come at the cost of someone’s job, the thing people do to follow the rules and contribute to society.
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Instead it just makes an entire generation who never gets to retire.
The easiest way to protect retired people is to make sure there are no retired people to protect (taps head)
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Right after the introduction of additional advertising pricing structure. Wow
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That is for shareholders not employees silly.
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Wait, Amazon owns Twitch?
Damn, do the same 5 companies just own everything now?
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Bezosibub is desperate for the recession he was promised.
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Justin sold at the right time
40 comments
"As you all know, we have worked hard over the last year to run our business as sustainably as possible. Unfortunately, we still have work to do to rightsize our company and I regret having to share that we are taking the painful step to reduce our headcount by just over 500 people across Twitch," Clancy wrote.
Cripes I hate corporate newspeak. "Rightsize" isn't a word, and I hope I never encounter it again.
"As 'sustainably' as possible." I love that one, because it makes it sound like they're being kind to nature.
Nope, just profit.
Even in financial terms "sustainably" always pisses me off. None of these companies are trying to sustain, they demand constant growth to be happy. Never ending growth is never sustainable.
I know corporate America doesn't really deserve any meaningful amount of good faith, but for whatever truth is worth, "sustainable" in a business context has essentially always meant financials. A platform like Twitch is generally going to have really high operational costs between infrastructure, network traffic, engineers, and revenue sharing with streamers, and given that Amazon doesn't operate Twitch for charity any more than you do your job for free, they need to make sure that they actually have sufficient revenue to be able to make the finances sustainable. I won't pretend to know how profitable it is, if it even is yet, but cutting employees is obviously a pretty easy lever to pull to reduce costs if your operations can get away with it.
Is twitch or prime video even profitable? I’m pretty sure twitch isn’t but prime might be just due to locking people in to making their e-commerce purchases on amazon
..so we can make a profit off your work.
You're fortunate that this is the first time you're hearing it, but it's been a business term for quite some time now. I've only ever heard it used as a euphemism for downsizing but one HR lady insisted the term was general, that if you were understaffed you'd still need to right size.
I asked her if in meetings that might lead to some confusion, and she was confident that it never would. She was also an idiot.
When I started getting mentioned in meetings for doing a really good job on tasks that she was supposed to be doing she fired me. She was fired just a few weeks later. Sorry, she was right sized.
Sorry.