10 Things in Tech: Why workers are leaving Amazon (2024)
Isaac Brekken/AP
Amazon's "regretted attrition" — the portion of employees the company doesn't want to leave — has reached an average of 12.1% since June 2021, double the average in recent years.
According to internal documents, Amazon's Delivery Service Partner team, which manages the company's third-party delivery contractors, saw a 55% total attrition rate last year.
2. Have you been with your current employer for more than a year? Then you're probably underpaid. The "Great Resignation" has forced many tech companies to dole out huge paychecks to lure new candidates to roles — meaning long-time workers are paying a big price for their loyalty. You can see how much new hires are being paid in different roles here.
4. Why electric cars cost less to own than gas cars. The price tag of an EV can certainly scare a lot of people away from going electric. However, new research shows once you factor in just a few benefits — like fuel costs — EV's are more economical than their gas counterparts. Here's why EVs cost less to own each month than gas cars.
5. We've ranked the 16 best-paid executives in adtech. A slew of adtech companies went public last year — rewarding their top executives with stock, performance-based equity awards, and bonuses on the way. If you thought a pay package of $10 million would land you near the top, think again. These are the 16 best-paid executives in adtech.
6. Lyft joins Uber in slowing hiring. As per the Wall Street Journal, Lyft will scale back on hiring and reduce spending budgets, but is stopping short of layoffs. In an internal memo, Lyft's president cited a "slower than expected recovery" and a "need to accelerate leverage in the business." Here's what we know about the slowdown.
7. Investors and VCs predict which ultrafast-delivery startups will survive — and which won't. Rapid-delivery startups thrived in the US a year ago, but now just four main players remain. Amid a tumultuous market, here's which ones investors think have what it takes to succeed.
9. Best early Memorial day tech device sales. The Holiday offers some of the year's best savings on tech, including TVs, photography equipment, streaming services, tablets and earbuds. Take a look at the best deals on offer this Memorial Day.
10. Google Maps' Street View is getting some big upgrades to celebrate its 15th anniversary. One new feature coming to its mobile app is the ability to display historical Street view imagery on your phone. Check out what else is coming.
Twitter's annual shareholder meet is set to happen today.
SpaceX is targeting this afternoon for a Falcon 9 rocket launch, carrying a Transporter-5 rideshare mission.
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Curated by Hallam Bullock in London (Feedback or tips? Emailhbullock@businessinsider.comor tweet@hallam_bullock.)
There's an uptick in Amazon employees quitting right now, blaming a strict RTO mandate, layoffs, and 'lack of respect' This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.
Bezos's philosophy was not without risks, yet it was initiatives like these that continually positioned Amazon as a leader in not just market share but also in its progressive approach to workplace dynamics. In 2022, Amazon suspended the Pay to Quit program.
"The survey data indicate that how Amazon designs its processes — including extensive monitoring and the rapid pace of work — are contributing to a considerable physical and mental health toll, including injuries, burnout and exhaustion," Beth Gutelius, research director at CUED and a co-author of the study, said in a ...
Why do many people leave Amazon after working for 2 years? 1) Other teammates are moving on. 2) Your peers (from college) are getting similar pay if not more. They also have a better work-life balance (or) better quality of work (or) both.
Amazon joins other tech giants including Google, Meta, Twitter, and Microsoft that have laid off tens of thousands of employees in recent months due to falling revenue and macroeconomic headwinds spurred by soaring inflation and high interest rates.
Amazon has over the past months laid off hundreds of staff in divisions, including its Prime Video service, healthcare business and Alexa voice assistant unit, as big technology firms extend their massive job cuts over the past two years into 2024.
Initially inspired by a similar program at Zappos, Amazon adapted the Pay to Quit program within its fulfillment centres, offering employees a financial incentive to leave the company. Bezos mentioned in a letter, "The goal is to encourage folks to take a moment and think about what they really want."
The program, called Pay to Quit, offers Amazon workers who aren't committed to their jobs $2,000 in severance pay in the first year of employment, going up to $5,000 in the fourth year.
Amazon has suspended a program that offers warehouse employees up to $5,000 to quit after busy seasons, according to a report from The Information. Launched in 2014, the program is known as "Pay to Quit" or "The Offer" internally, according to The Information.
We saw among the highest scores for “I enjoy working for Amazon” (86%) and “I recommend Amazon to others in my field as a great place to work” (81%) since the response options for these questions changed in 2019, and we saw the lowest-ever negative responses to these questions.
California Passes Bill to Ensure Amazon Workers Can Take Bathroom Breaks. Amazon and other companies enforce quotas that often push warehouse employees to skip breaks in order to “make rate.”
If you previously worked at Amazon, you are welcome to re-apply. We will evaluate your rehire eligibility based on your employment record. Please note, all candidates who have previously been hired at Amazon will go through this check, whether they worked or withdrew before starting.
The job cuts are part of an ongoing mass cost-cutting campaign at Amazon. Last week, the company cut "up to 160 roles" in its advertising unit, Amazon's spokesperson told BI after it obtained an internal email announcing the cuts.
Experts agree that you should stay at your place of employment for a minimum of two years. It's enough time to learn new skills and build your qualifications, while short enough to show that you value growing in your career.
The report attributes Amazon's turnover rate to unsustainable work expectations, high injury rates, monitoring systems that often lead to termination and discipline, low chances of promotions, and more.
The average Amazon warehouse worker leaves within just eight months – that's an unmistakable sign that Amazon's jobs are unpleasant, to put it kindly, and that many Amazon workers quickly realize they hate working there because of the stress, breakneck pace, constant monitoring and minimal rest breaks.
Amazon itself has been responsible for more than 27,000 layoffs in 2022 and 2023, with over-hiring during the pandemic and a focus on AI and automation considered to be the key factors.
Endgadget said the information showed that the online retailer has an annual employee turnover rate of 150%—double the industry average—costing the company and its shareholders $8 billion annually.
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