Debatable, maybe some people like new grads would prefer it that way but a lot of these people already had experience and jobs before showing up at Amazon. Some may have moved, others turned down other offers, 6-12 months of 20% extra pay doesn’t justify the lurch. In general forcing employees to take on the lion’s share of risk is a jerk move without offering a similar share of profits.
It is frustrating, to be sure... but I think 18k jobs for 2 years is a net-positive for society.
We wouldn't be here discussing this if the economy had not done so poorly.
What if on average, you hire 10 people a year. Each year, there's a 10% chance of having to lay off 10 people. Details of profit/loss aside, what is the optimal move? Never hire so you never have to lay anyone off? Hire only 5 people a year so the impact is not so large?
