Manka Bros. Studios - Home
  Manka Bros. Message Boards
  Internet
  Amazon.com (Page 1)

Post New Topic  Post A Reply
profile | register | preferences | faq | search

UBBFriend: Email This Page to Someone!
This topic is 6 pages long:   1  2  3  4  5  6 
next newest topic | next oldest topic
Author Topic:   Amazon.com
cstengel
Hack Writer

Posts:
From:
Registered:

posted January 31, 2001 12:52 AM     Click Here to See the Profile for cstengel   Click Here to Email cstengel     Edit/Delete Message   Reply w/Quote
I know some of you don't frequent the Internet section but might be interested, so I thought I'd cross post this. (See the "Layoffs and Dot.com Deaths" section of the Internet boards for more info).

"Amazon.com reported a fourth-quarter loss of $90.4 million Tuesday and said it will cut 1,300 employees, or 15 percent of its work force."

IP: 172.139.119.168

jpgordo
A-List Writer

Posts: 2957
From:Studio City, CA
Registered: Apr 2000

posted January 31, 2001 04:35 AM     Click Here to See the Profile for jpgordo   Click Here to Email jpgordo     Edit/Delete Message   Reply w/Quote
Bezos said he is committed to keeping his promise to Wall Street that Amazon will be profitable in the 4th quarter. These companies kowtow way to much to analysts. It's sad.

IP: 152.163.206.177

Kiev
A-List Writer

Posts: 261
From:Toluca Lake, CA, USA
Registered: Apr 2000

posted January 31, 2001 02:17 PM     Click Here to See the Profile for Kiev     Edit/Delete Message   Reply w/Quote
Not that this means the end for Amazon (I still think they'll turn a profit), but if they DID go under, it would mean the end of e-commerce. This type of product is the best possible to sell on the net, and if they can't make it work, then no one can.

IP: 205.173.143.35

HollywoodProducer
A-List Writer

Posts: 2815
From:La Canada
Registered: Jun 2000

posted January 31, 2001 02:24 PM     Click Here to See the Profile for HollywoodProducer   Click Here to Email HollywoodProducer     Edit/Delete Message   Reply w/Quote
These guys are having the problems that the movie theater business is having. They built out all this infrastructure waiting for a boom - and then the boom didn't come fast enough - to turn a profit fast enough for Wall Street. I guess maybe all these people should have grown their businesses like Wal-Mart - one store at a time.

IP: 64.12.103.172

cstengel
Hack Writer

Posts:
From:
Registered:

posted February 01, 2001 01:34 AM     Click Here to See the Profile for cstengel   Click Here to Email cstengel     Edit/Delete Message   Reply w/Quote
I don't know that they necessarily made a mistake. They may just be rolling with the current punches (the end of this initial internet gold rush, etc.). A lot of these guys have taken huge losses to establish themselves up front as THE online company for certain services and Amazon definitely built a brand for themselves and a product people seem to want this way.

I think they're big enough now that, short of really bad management, as long as they simply take a beating that equal to what every other online e-commerce venture is taking, when all is said and done, they'll be the last man standing (if temporarily at a lower level) and bounce back once the competition is out of the picture.

My more immediate concern is that this huge reduction of staff, etc., doesn't effect the end product, quality of service to the customer, etc.

IP: 172.138.32.156

fred
A-List Writer

Posts: 8280
From:Redmond, WA
Registered: Apr 2000

posted February 01, 2001 03:36 PM     Click Here to See the Profile for fred   Click Here to Email fred     Edit/Delete Message   Reply w/Quote
Tell the 1,300 laid off that they didn't make a mistake.

IP: 205.173.143.35

g2
A-List Writer

Posts: 1470
From:LaLaLand, CA USA
Registered: Jun 2000

posted February 01, 2001 04:16 PM     Click Here to See the Profile for g2     Edit/Delete Message   Reply w/Quote
That's progress... the world changing. Same sort of situation as with the lumber trade, or anything else. When the ways we do business changes, or our environment or society changes, some people have to learn new trades. Some people take chances starting up new types of ventures. Usually things "level out" for a while in time. The way things are moving with technology, there will probably be a long "unsettled" era.

IP: 216.249.91.124

cstengel
Hack Writer

Posts:
From:
Registered:

posted February 01, 2001 05:37 PM     Click Here to See the Profile for cstengel   Click Here to Email cstengel     Edit/Delete Message   Reply w/Quote
I agree with G2. Doesn't mean I don't sympathize with people who lose their jobs or that I agree with all the types (and places of) cuts that are being made lately. But you can't convince me that for some of these companies (not necessarily Amazon) they didn't go and hire WAY more staff (and spend way more money) than they were ever justified to. At some point that's got to be corrected.

IP: 172.166.45.138

jpgordo
A-List Writer

Posts: 2957
From:Studio City, CA
Registered: Apr 2000

posted February 01, 2001 05:50 PM     Click Here to See the Profile for jpgordo   Click Here to Email jpgordo     Edit/Delete Message   Reply w/Quote
This is not the fault of most of the Internet companies that went out of business. This is all the fault of the idiot venture capitalists who thought anything could be funded, shaped and sold to a moronic public in an IPO. You can't blame a company for accepting money from a venture capitalist to fund their business plans. Most of these companies had their headcount and cost structure set before receiving one dollar. They probably shouldn't have received that money. But alot of people had jobs and alot of people made a ton of cash. It hurts people now mostly because the party is over. "Why couldn't we keep coming in at noon with our dogs making six figures and drinking all night without putting a product? It's not fair!" People hate when the party ends. No one likes to drive home drunk and wake up with a hangover.

IP: 152.163.207.202

cstengel
Hack Writer

Posts:
From:
Registered:

posted February 02, 2001 01:00 AM     Click Here to See the Profile for cstengel   Click Here to Email cstengel     Edit/Delete Message   Reply w/Quote
Just saw this quote by someone who worked for Amazon and was actually cut:
-----
"There is a lot of fat in the company. We grew at a faster rate than any company in history," he said. "I think the company could get rid of half of their staff and still do what they need to do."
-----
Did you guys hear about the "non-disparagement" clause employees were required to sign if they want full severance benefits? It prohibited those laid-off from making derogatory comments about the company. By signing it they'd get up to 12 weeks of severance vs. 2 weeks if they didn't. Amazon seems to be back down on this now as free speech complaints are being lodged.


IP: 172.130.43.185

BradBerman
A-List Writer

Posts: 58
From:New York, NY
Registered: Jun 2000

posted February 03, 2001 11:36 AM     Click Here to See the Profile for BradBerman   Click Here to Email BradBerman     Edit/Delete Message   Reply w/Quote
Every Wall Street brokerage firm and investment bank has that same practice. They will pay you well if you leave and don't talk. It's a big issue for many people. It's the worst scenario in the world for CEOs for ex-employees to leave and start talking about all their business secrets and practices. It's easier to pay out people then deal with corruption allegations.

IP: 24.21.33.236

g2
A-List Writer

Posts: 1470
From:LaLaLand, CA USA
Registered: Jun 2000

posted February 03, 2001 04:26 PM     Click Here to See the Profile for g2     Edit/Delete Message   Reply w/Quote
Very true. I know it seems sad anytime there are huge cutbacks at a large company, but it's just the way of life. Why isn't anyone talking about the cuts at... shit! I forget which car company just slaughtered their employee base...?

Amazon was growing fast. Had huge demands. So they beefed up for it. In any company growth periods are the most trecherous. Doesn't matter if you're small or large, growth phases are hard to get through. It's the time most companies fail. If Amazon hadn't had plenty of resources and their demand had kept going up at that rate, they would be gone right now. So... people do their best (okay, sometimes corporate best is complete and utter ignorance, but...) and sometimes it works. More often, it doesn't.

IP: 216.249.94.4

Imax_max
A-List Writer

Posts: 239
From:Sherman Oaks, California
Registered: Jun 2000

posted February 03, 2001 05:31 PM     Click Here to See the Profile for Imax_max   Click Here to Email Imax_max     Edit/Delete Message   Reply w/Quote
You are absolutely right G2 - if they wouldn't have spent all their VC and IPO money on infrastructure and actual product they would definitely be out of business today. They're so big now it's almost to the point of where you can't shut them down. They may be bought or partnered with, but they're here to stay. Too many companies spent their capital on employees and themselves, so once the money was gone, that was it.

IP: 152.163.207.198

g2
A-List Writer

Posts: 1470
From:LaLaLand, CA USA
Registered: Jun 2000

posted February 03, 2001 06:09 PM     Click Here to See the Profile for g2     Edit/Delete Message   Reply w/Quote
You know also -- this doesn't realy apply to Amazon, or if so, I don't know -- the entire dot com thing has been a learning experience.

Many of these companies, even the very successful ones, were screwing up. The were started by creative and techno types with great ideas and the know how to put it on the web. But most of them lacked business and marketing sense. In many of these companies there is a trend for the founders to "step down" to BOD spots and jobs heading up creative new product departments, while they bring in experienced "silver hairs" to run the company.

Web or no web, some things about business have not changed, and won't. almost all these companies, like Earthlink, for instance (and I really do like that company) have been making the mistake of trying to fill marketing, operations, etc. positions with tech-heads. They want everyone to have web experience. Well, frankly, tech-savvy and experience working for a web company doesn't cut it for those types of jobs. They are disciplines unto themselves.

That's one of the major reasons there is so much utter shit out there. Bad sites, bad design, bad marketing... In order to succeed these companies are going to have to wake up and realize that being a techno-head doesn't mean you know how to run a company or communicate with people or understand demographics... or even how to lay out your copy on a screen so that reader's eyes hit your "hot spots".

IP: 216.249.94.4

cstengel
Hack Writer

Posts:
From:
Registered:

posted February 04, 2001 03:56 AM     Click Here to See the Profile for cstengel   Click Here to Email cstengel     Edit/Delete Message   Reply w/Quote
In reference to the post a few up, I think the difference was that a non-disclosure agreement is one thing but an agreement to say nothing disparaging is completely different. I can handle that the company firing me expects me not to reveal its secrets but I would feel like my rights to free speech were being stifled if they told me I couldn't say that "they suck".

G2 - I can't remember what car company that was either, but it was pretty extreme. I don't remember all the ins and outs, but thought I read the huge number they were talking about was over the course of 2 years. If that's right, doesn't make it much more fun for those involved, but I'd be much less hostile getting heads up that my job may end six months or a year from now than it being thrown at me all at once without warning. Again, I could be wrong about this thing, but I know at least for me that was the reason I hadn't raised the issue yet. (Doesn't mean my jaw didn't drop when I first saw that number, though.)

IP: 172.147.82.10


This topic is 6 pages long:   1  2  3  4  5  6 

All times are PT (US)

next newest topic | next oldest topic

Administrative Options: Close Topic | Archive/Move | Delete Topic
Post New Topic  Post A Reply
Hop to:

Contact Us | Manka Bros. Studios - Home

2014 Manka Bros. Studios - All Rights Reserved.

Powered by Infopop www.infopop.com © 2000
Ultimate Bulletin Board 5.45b