Amazon laid off 30,000 workers while CEO Andy Jassy got a 30% pay bump

[Burty117]

I know I'm not a millionaire or anything, but it does make me wonder why these people even want to be paid that much, you already were paid so much, there wasn't anything you couldn't buy, there wasn't anything you couldn't already afford to make your life more comfortable, why would you even care for more money?

You hear Billionaires and Millionaires supposedly struggle to find love because of the obscene amounts of money they have, so it seems being so rich has some major downsides, why compound that? I guess if I ever become that rich, I'll suddenly thirst for even more money if all these CEO's are anything to go by.

 

[The Eck]

iZero outrage, just “posts” online.

Why would there be outrage? If the CEO can lay off 30,0000 and still make customers happy, he deserves a hella lot more than a 30% raise

 

[p51d007]

Oh well. Don't like it? Start your own company in your garage and build it up to compete with Amazon.

 

[SRB]

He didn’t get the pay raise at the cost of anyone’s salaries… Amazon has added a trillion dollars to their market cap in the last 2 years… they clearly believe their CEO had something to do with this… and they believe those 30k workers they laid off didn’t… right or wrong, as a company, they have that right.

Market cap is unrealized income....While the stock is worth more, that doesn't mean the company in the same boat. Look no further than what Immelt did at GE. He took the stock to new heights, and was paid and revered as the pinnacle of CEO's. That it until the entire house of cards he built his reputation on came crashing down. I'm not saying AI is a fluke or worthless, but I seriously doubt EVERYONE that is throwing money at it will come out of this with a whole skin.. Especially since employees are not loosing their jobs to AI, per se. It's that the companies can't afford to throw bushels of cash at AI without cutting costs somewhere.

Blockchain anyone?

 

[daffy duck]

When the revolution starts, the pathetic tech bro losers will be the first up against the wall. Let them eat lead.

 

[Squid Surprise]

Market cap is unrealized income....While the stock is worth more, that doesn't mean the company in the same boat. Look no further than what Immelt did at GE. He took the stock to new heights, and was paid and revered as the pinnacle of CEO's. That it until the entire house of cards he built his reputation on came crashing down. I'm not saying AI is a fluke or worthless, but I seriously doubt EVERYONE that is throwing money at it will come out of this with a whole skin.. Especially since employees are not loosing their jobs to AI, per se. It's that the companies can't afford to throw bushels of cash at AI without cutting costs somewhere.

Blockchain anyone?

For some companies - but very few argue that Amazon hasn't been doing REALLY well under Jassy. No one is comparing Amazon to GE (other than you).

 

[R00sT3R]

Yeah… society would be SO much better if we had raging mobs going around murdering CEOs…

Maybe do some critical thinking before you post?

Critical thinking?

Examine your history, every society today has been built on 'raging mobs' reaching breaking point, when they see the privileged taking everything.

 

[Squid Surprise]

Critical thinking?

Examine your history, every society today has been built on 'raging mobs' reaching breaking point, when they see the privileged taking everything.

Really? So that’s how the US formed? Canada too?

Study harder…

 

[The Eck]

Critical thinking?

Examine your history, every society today has been built on 'raging mobs' reaching breaking point, when they see the privileged taking everything

Not the US, the most powerful nation on earth. We built OUR society on freedom and respect for individual property. Since then though the socialist mind rot has crept in here

 

[Burty117]

I just put into Google "was the US formed without violence", here's the output:

No, the United States was not formed without violence. Its formation was defined by the violent, eight-year Revolutionary War (1775–1783) against Great Britain, along with intense internal conflict between patriots and loyalists. Additionally, early American history was marked by colonial occupation, expansionism, and the violent institution of slavery.

What on earth are they teaching over in America? That America was formed with rainbows and dandelions?

 

[OortCloud]

I hate greedy execs as much as the next man but a mere $365,000 salary doesn't seem too ludicrous to me. It's the human-horror-show CEOs like Bezos, Zuckerberg, Musk (and Trump obviously) of this world who make billions at our expense that we need to round up and put on an island wearing only nappies in a televised last-man-standing battle to the death.

 

[R00sT3R]

What on earth are they teaching over in America? That America was formed with rainbows and dandelions?

They dont teach them, they indoctrinate them.

 

[lna2000]

AI can replace 30000 workers, but obviously cannot replace 1 CEO

Wait, A.I. will get the CEO job, just wait for it

 

[Starfals]

Wanna save money? Firing tons of people doesn't save as much money as firing 1. You know who's the 1. Replace it with AI = problem solved.

 

[Squid Surprise]

I just put into Google "was the US formed without violence", here's the output:

No, the United States was not formed without violence. Its formation was defined by the violent, eight-year Revolutionary War (1775–1783) against Great Britain, along with intense internal conflict between patriots and loyalists. Additionally, early American history was marked by colonial occupation, expansionism, and the violent institution of slavery.

What on earth are they teaching over in America? That America was formed with rainbows and dandelions?

There’s a difference between “violence” and “raging mob”.

The American revolution was led by upper class elites who knew exactly what they wanted - and got it. “Taxation without representation “ ended after the revolution for them.

No “raging mobs” were involved in the formation of the USA.

Canada was formed without any violence - basically Britain decided it was too expensive to maintain and gave it up

No raging mobs involved in either…

 

[The Eck]

I just put into Google "was the US formed without violence", here's the output.

What on earth are they teaching over in America? That America was formed with rainbows and dandelions?

They’re teaching history, unlike over in Europe. The colonial armies that formed the US were not “raging mobs” , especially not ones trying to steal the wealth of the rich.

 

[Burty117]

They’re teaching history, unlike over in Europe. The colonial armies that formed the US were not “raging mobs” , especially not ones trying to steal the wealth of the rich.

You're aware it was Google who gave me that answer right? A massive American Corporation? If you want I could VPN into somewhere in America and see if Google gives me a different answer?

Also, I never said anything about a "raging mob", I said:

I just put into Google "was the US formed without violence", here's the output:

Of which I Google'd because your comment, again, I guess I'll re-quote:

Not the US, the most powerful nation on earth. We built OUR society on freedom and respect for individual property. Should nice then though the socialist mind rot has crept in here too

Kinda implies America has gotten to where it has without violence.

 

[The Eck]

You're aware it was Google who gave me that answer right?

Because you asked the wrong question. Can you without help name the fallacy you fell into? I’ll help you out- while raging mobs are violent, not all forms of violence are raging mobs, trying to steal other’s property. Try reading the thread again with that in mind

 

[Burty117]

There’s a difference between “violence” and “raging mob”.

The American revolution was led by upper class elites who knew exactly what they wanted - and got it. “Taxation without representation “ ended after the revolution for them.

No “raging mobs” were involved in the formation of the USA.

Because you asked the wrong question. Can you without help name the fallacy you fell into? I’ll help you out- while raging mobs are violent, not all forms of violence are raging mobs, trying to steal other’s property. Try reading the thread again with that in mind

I do understand what you're trying to say, but it's MUCH funnier to ask Google these questions: "was america founded by raging mobs"

The founding of America was not solely the result of "raging mobs," but popular violence and mob actions—historically referred to as "rough justice" or "popular protest"—played a significant role in the events leading up to the American Revolution and in the early republic. While the nation was built on revolutionary ideas and structured by the Constitution, this process was punctuated by intense, sometimes chaotic, actions from ordinary citizens expressing hostility toward the state.

 

[mlambert890]

50 years going the tax rate of the CEO class has been on a steady decline, while their income relative to their workers has soared.

50 years middle class wages have stagnated as real spending power has declined.

50 years of "trickle down" "exceptionalism" and "job creator" mythology and STILL the broke, proganadized, masses STAND IN THE BREACH to defend it as the billionaires, soon to be trillionaires, laugh.

Once AI has eradicated 30% of college educated labor, and has eaten most of the "gig work", will TechSpot commenters STILL be defending Jassy's next $100M bonus, posting from the homeless camp, because "hE mAxiMizED pRoFiT!" and "tHaTs hOw cApitAlIsm wORkS!" and "ANY otHeR wAY is WorsE!!!!"

Yes. Yes they will. In the Middle Ages there were serfs GENUINELY believing GOD HIMSELF had endowed the feudal Lord with the "right" to r@p3 and pillage and so they MUST defend the feudal Lord. Really no different today.

 

[Squid Surprise]

I do understand what you're trying to say, but it's MUCH funnier to ask Google these questions: "was america founded by raging mobs"

But irrelevant to the conversation....

The founding of America was not solely the result of "raging mobs," but popular violence and mob actions—historically referred to as "rough justice" or "popular protest"—played a significant role in the events leading up to the American Revolution and in the early republic. While the nation was built on revolutionary ideas and structured by the Constitution, this process was punctuated by intense, sometimes chaotic, actions from ordinary citizens expressing hostility toward the state.

And that's why we research properly and don't just ask Google

 

[Endymio]

I do understand what you're trying to say, but it's MUCH funnier to ask Google these questions: "was america founded by raging mobs"

I appreciate you noting your goal is humor not historical accuracy, but your response indicates the danger of subcontracting out critical thinking to Google. The protests in colonial America were not the poor attempting to seize the riches of others, but rather the exact opposite: they were the result of the people at large -- rich and poor alike -- angrily protesting the government seizing THEIR assets, through 'taxation without representation'.

 

[bclaymiles]

Wish they would have an 80% tax bracket specifically for CEOs. Oh you got this huge pay raise at the cost of workers jobs? Well, now you get to pay for their unemployment too.

You do know who pays for unemployment benefits, do you not?

 

[bclaymiles]

I just put into Google "was the US formed without violence", here's the output:

No, the United States was not formed without violence. Its formation was defined by the violent, eight-year Revolutionary War (1775–1783) against Great Britain, along with intense internal conflict between patriots and loyalists. Additionally, early American history was marked by colonial occupation, expansionism, and the violent institution of slavery.

What on earth are they teaching over in America? That America was formed with rainbows and dandelions?

What you put into google is not what you claimed.

 

[LimyG]

And it never will be able to. AI can’t have the cognizance that a human CEO can. It can parse all the data in the world, but the human element will always make this strategic position a human one.

Of course I agree.

But in the case of MSlops Sataya, yeah he is a biological human, but I don't know - He has very sloppy A.I. like quirks.