This is a most excellent place for technology news and articles.
It's the commercial real estate mortgage backed securities market. If everyone doesn't pay office rent the collateralized debt of those places goes kaput, the security implodes like 2008 and the banking industry goes under.
These CEOs are all invested. They don't care about productivity, it's all about saving their investments.
Aww darn. Thoughts and prayers for the banks and the investors. /s
I Say they should get fucked. I don't see why somebody 's bad investment is my problem.
Maybe they should be better business men and should have foreseen this.
This. I've been saying and seeing it since Covid. Offices are half empty. Main street footfall is shrinking. These zones are high premiun rents, owned by REITs and other comercial founds. If they are not occupied and ppl is not consuming on the next door shops, assets value is gone down. More colateral is going to be asked from their lenders. Also, municipalities don't want to lose population as this can result on less budget from government.. Of course they are going to put pressure on their CEO buddies to have spenders back to office.
Maybe tech workers will finally unionize
Nah, we're still high on our own farts to realise they can turn foul rather quickly.
It's not looking good for programers in particular.
The reason why the can get paid as much as they want is 100% based on you being able to jump ship form company to company without having to wait for a company to find common ground between you and them through a union.
Sure, they'll still be hugely compensated but tech companies will keep abusing interns, freelancers. Obviously outsourcing will explode even more than it already has in the last 10 years.
True, but that's why you do a trade union instead of a company union. And programmers have a lot to gain. These companies, shareholders, and CEOs rake in billions that could be going to employees.
A programmer will make a feature that saves the company a million dollars and they'll get paid $100,000 to build it.
Now is the best time for programmers to unionize. Do it when you already have leverage to make sure the good times stay good. Otherwise, we'll eventually be as replaceable as drafters are now.
I don't buy it. This isn't the only mechanism, probably not even the most important one, for why salaries are where they are. Shortage of and especially of highly competent programmers is. In fact this actually underpins why jumping ship is even as easy as it is. Uninionization will provide additional leverage, while not diminishing the shortage pressure. Part of the point is that this leverage can substitute the leverage we have due to the current shortage, if and when it diminishes.
Too many libertarians in tech. Will never happen.
Source. In tech. Not libertarian.
I wish. A union could have easily prevented this.
The mentality of these people are like slave owners.
It's all the same families. The American Oligarchy.
More likely that it doesn't work out for Jassy. Certain Amazon units are underperforming under his leadership, and I wouldn't be shocked if his time at Amazon didn't last that much longer.
You can only artificially raise the price of real estate for so long.
Amazon employees who refused to relocate near main offices of their teams were told they either have to find a new job internally or leave the company through a “voluntary resignation.”
How dumb does he think people are? This just makes me angry because they're probably going to get away with it too.
Why would you quit? Continue working from home while lining up a new job. Or, if they don't specify how long you have to be in on those 3 days, just clock in and go back home an hour later. Game the system, make it work for you. They do.
lmao, "voluntary resignation" is hilarious. If you plan to purge everyone who won't relocate, you're gonna have to do a layoff. This isn't one of those layoffs that will impress investors, because it won't represent efficiency or cost savings, but instead corporate dysfunction.
If your workers aren't voluntarily relocating to return to the office, they're certainly not going to voluntarily forfeit their unemployment benefits by quitting. They'll just stop working and wait for the pink slip.
Unless they plan to attach a severance more valuable that unemployment benefits to the resignation, they're fucking dreaming. Even so, that would be a hilarious misstep to offer Amazon employees a voluntary paid exit, because it would undoubtedly result in an unsustainable wave of resignations across the org.
That's a really nice way of threatening to take away the livelihood and health insurance of people doing work for you.
Given how many millions of people must have used Amazon to order stuff to work from home over the past 3+ years, this is a really weird position to hold. You'd think this guy would be all about everyone kitting out their home office spaces.
used Amazon to order stuff to work from home
Amazon makes almost no money on retail sales. They make their money from AWS and from advertisers.
It's not weird when you consider the average real estate lease for companies of this size is probably 10 years or more, so they are sitting on an inventory of empty or more empty than full offices, paying rent on them, but not having anyone in there. Also, many cities/states incentivize "butts in chairs" based tax breaks for companies that hire staff in their cities, and you don't have butts in the chairs, you don't have the tax breaks.
The brain drain is real. Wonder how long before this boomer policy hurts Andy's precious shareholders.
A voluntary resignation? Good luck with that!
“Yes, I assure you they voluntarily resigned. They tried to resist it but we forced it on them.”
I've gotten so much recruitment crap from Amazon. This kind of crap is why none of those worked out for them.
I think my favorite part of the Amazon RTO is the fact that there are many offices that charge you to park there
When I worked in an office I had to pay for parking in addition to paying for gas and wear and tear, ALLLLLLLL so I could have the very valuable experience of working in an open concept office that is perpetually loud and distracting
But yeah… wfh is totally bad for productivity… give me a fucking break
If you pay my commute.
And also start the compensated-hours clock the moment I step into the car. We're giving you eight hours a day, not 12 now.
Gonna need a hot lunch provided, laundry on-site, dog walkers, child care, a gym and a space where I can play guitar when I'm on a break
Oooh you wanted me to give all that up for nothing? In that case you can get bent, get fucked, roll over and get fucked again. I left three jobs over RTO mandates. Every time I left it was for more money. Now I'm at a place that doesn't even have an office, just Google meet and a PO box for physical mail.
We also used to have paid lunches and breaks. We lost those in the 1980s.
It would be remiss of me to neglect mentioning covering and mandating OSHA required breaks (and otherwise recognizing your worker are human beings) can improve their productivity to exceed the time and expense cost, so it's not just being a good boss but economically sound.
The failures of top-down management to even keep their own businesses working optimally is an indictment of capitalism at its core.
Remote Workers warn Amazon CEO Any Jassy: 'Working for a tyrant is probably not going to work out for us."
Prick
I was looking at some of the Amazon postings near me, but they're all down in Irvine.
Pretty much the entire talents pool of LA is off limits to Amazon now.
As the planet burns down they think it's a great idea to force more fossil fuels usage so they can feel important
This is readily admitting he's about to do what's called Constructive Dismissal!
Which means he will owe all remote workers their severance pay.
You know what's probably not going to work out for you, Andy Jassy? The next proletariat uprising.
That's never going to happen.
What really won't work out for him is retention of top talent that values WFH.
Nah, I'm fine at home.
