*Andy Jassy gets 30% pay bump financed with the wages of 30k laid off workers.
If it were legal, I’d advocate for someone firebombing his house, but it’s illegal so I strongly advocate against someone firebombing his house.
Amazon laid off 30,000 workers while CEO Andy Jassy got a 30% pay bump
Submitted 1 day ago by throws_lemy@lemmy.nz to workreform@lemmy.world
https://www.techspot.com/news/112028-amazon-laid-off-30000-workers-while-ceo-andy.html
Comments
verdi@tarte.nuage-libre.fr 1 day ago
BaroqueW@lemmy.world 1 day ago
BeigeAgenda@lemmy.ca 1 day ago
And why wasn’t it an Amazon warehouse that was torched I would expect them to have worse pay and conditions than the Canadian one?
Zedd00@lemmy.dbzer0.com 1 day ago
Ontario California, not Canada.
Tollana1234567@lemmy.today 23 hours ago
amazon actually pays decent for its worker accumulates pto faster than WF chain they own now, but a warehouse job is really brutal in any job. very easy to get injured through repetition wear and tear, and you have metric and watched like a hawk by the managers there. i know someone that worked at the smaller ones.
Murse@slrpnk.net 1 day ago
Any ideas on ways we can convince Amazon to pay its workers enough to survive?
AdolfSchmitler@lemmy.world 1 day ago
No clue, I’m gonna go play Paper Mario tho, heard it was inspired by Luigis Mansion lol
Bakkoda@lemmy.world 1 day ago
There’s a brand new Amazon warehouse going in right of the Schoharie exit on I-88 in upstate NY. It’s been recently announced that the village will be footing the bill for all the water and sewage.
So after that gets burnt down we need to go round up the town board and beat the shit out of them
Jhex@lemmy.world 1 day ago
drop every Amazon service you use today and advocate for others to do the same
Formfiller@lemmy.world 14 hours ago
General strikes, port blockades, boycotts and other organized actions. Look up iww and read people’s history of United States
chalupapocalypse@lemmy.world 1 day ago
Make something to replace AWS
prole@lemmy.blahaj.zone 17 hours ago
How about nationalize AWS
underisk@lemmy.ml 1 day ago
give me a few billion of dollars to buy infrastructure and hire people who know how to do that. otherwise it’s going to take a while to get off the ground if I have to start off by selling books online (and I’ll still need at least half a million to start).
Fredselfish@lemmy.world 1 day ago
I don’t know, I have a thought and requires a lighter.
dunestorm@lemmy.world 17 hours ago
There should be a cap on how much a single person can make; anything beyond that should be taxed. What a corrupt ass communist shit-hole system.
NoxAstrum@lemmy.ca 10 hours ago
This is the real american dream. Absolute, unrestricted consumption at the expensive of everyone else. I make my gains on your backs. The land of opportunity my ass.
Anyone familiar with the socio-political environment in Europe preceding World War 1? This is very similar.
BarneyPiccolo@lemmy.today 1 day ago
They also hired a new CFO for $28 million.
anon_8675309@lemmy.world 1 day ago
Fix this:
- Omnibus Budget Reconciliation Act of 1993 (Section 162(m)): By capping deductible salary at a million, it paradoxically incentivized companies to shift compensation toward stock options and performance-based bonuses to avoid tax penalties.
BillCheddar@lemmy.world 1 day ago
www.youtube.com/watch?v=hAq2Vh8EEgA
The roof, the roof, the roof is on fire The roof, the roof, the roof is on fire The roof, the roof, the roof is on fire We don’t need no water, let the motherfucker burn Burn motherfucker, burn
minorkeys@lemmy.world 1 day ago
They get rewarded for impoverishing us. They are barbarians in suits. Raiders and thieves, rapists and murderers, who destroy our lives to enrich their own. There is no innocent rich person.
Hupf@feddit.org 15 hours ago
Formfiller@lemmy.world 14 hours ago
Bring Back The IWW!
victorz@lemmy.world 1 day ago
Base salary still only about $350,000, which is less than some employees make, I’m sure. Of course he has stock holdings etc, that give way more to his earnings. But still, strictly salary wise…
Maybe I’m missing something here.
otterpop@lemmy.world 1 day ago
The ultra wealthy keep their salaries low so they can avoid paying taxes. They also use this as a form of white washing their reputation that people who don’t understand how money works will buy.
There are actually special structures that aren’t even available to most people for ultra high earners called non qualified deferred compensation plans that help them avoid taxes even harder than most ordinary people can.
They do everything they can to pay as little in taxes as they can while they hoard up as much wealth as they can.
birdwing@lemmy.blahaj.zone 1 day ago
The more I hear about billionnaires the more I think the anarchist communists were right.
boonhet@sopuli.xyz 17 hours ago
Amazon’s philosophy is that higher-ups get paid in mostly stock and their salaries are capped at pretty much what Andy’s salary is. Idea is that if you make ~300k in salary, but your stock can be worth anything from 40 to 500 million in 4 years when it vests, you’re probably motivated to work extra hard to make the company worth more.
Stock grants outweigh salaries by 3x in senior software dev roles already, the executives make roughly the same salary, but more stock.
victorz@lemmy.world 1 day ago
Right, but from what “AI” told me (which to be fair could be total bullshit), he did have a large income of about $200M, but opted for a more stable salary of around the sum I mentioned, but still had about $40M of income via stocks I guess. But that’s still very much lower than what he earned just before he started as CEO.
Is there some way he’s still earning more now than before?
Flames5123@sh.itjust.works 1 day ago
My base pay is half what I get paid. I get paid my other half in stocks. It’s how big tech works.
victorz@lemmy.world 23 hours ago
I guess so.
lIlIlIlIlIlIl@lemmy.world 1 day ago
“Temporarily embarrassed millionaires are extremely concerned…”
DGen@piefed.zip 1 day ago
How convinient
ChunkMcHorkle@lemmy.world 1 day ago
Well, being a member at Augusta isn’t cheap, Andy Jassy gotta pay those billionaire club dues somehow . . .
Zachariah@lemmy.world 1 day ago
whilebecauseWhatAmLemmy@lemmy.world 1 day ago
Late stage capitalism will end like the opening scene of the dark knight; the joker killing every one of his criminal accomplices, one by one, as soon as they have fulfilled their role (their value has been extracted).