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kburman | 1 month ago
Amazon has a history of annual restructuring that hits every region. It isn't necessarily a direct relocation strategy so much as their standard operational churn. The 'efficiency' cuts are happening globally, India included.
locusofself|1 month ago
kburman|1 month ago
Amazon isn't expanding in India out of love for the country or a desire to see it grow. They are doing it because Wall Street demands infinite growth every single year. Amazon India went from zero to a market leader in a decade not because of charity, but because that is where the new money is.
To keep the valuation climbing (which sustains everyone's RSUs), they have to capture these emerging markets. If they don't, the stock stagnates, and the compensation model for US tech workers falls apart.
geodel|1 month ago
Companies hiring more in cheap labor countries is quite obvious for long time. In case of Amazon I feel most of the stuff that was cutting edge 2 decades back is now low value work where cost is the only edge.
yojat661|1 month ago
Uk investment: https://www.aboutamazon.co.uk/news/job-creation-and-investme...
Us investment: https://finance.yahoo.com/news/amazon-invest-50-billion-ai
stuaxo|1 month ago
no_wizard|1 month ago
It's not equivalent in the least. They aren't expanding headcount by 20K, they're building more expensive AI tailored servers
dmix|1 month ago
darth_avocado|1 month ago
1. Cuts were global 2. Cuts in US also include H1B employees 3. 16000 roles are corporate roles, not just tech related, H1B program is not generally utilized for those roles 4. Expansion in India is not just tech. Amazon is a big retailer in India. Understandably if you’re seeing revenue growth in India, you will grow corporate presence in India. If Walmart becomes a massive retailer in EU, it will hire EU nationals in EU. That’s not shipping jobs to EU.
belter|1 month ago
Details here: https://www.reddit.com/r/amazonemployees/
ActionHank|1 month ago
It’s not a pattern it’s a plan.
cahgnifop|1 month ago