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  • 3 years ago
Amazon is accused of using a subtle strategy called "quiet firing" to reduce its workforce without making negative headlines. This involves creating work conditions that encourage unwanted employees to leave voluntarily through performance improvement plans and strict attendance policies. Some claim managers have been instructed to place more employees on performance plans as part of managing "unregretted attrition." Critics say it destroys internal morale and trust while allowing Amazon to show lower costs without layoffs negatively affecting its stock price.

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00:00 It's Benzinga and here's what's on the block.
00:02 Amazon is accused of using a subtle strategy called "quiet firing" to reduce its workforce
00:07 without making negative headlines. This involves creating work conditions that encourage unwanted
00:12 employees to leave voluntarily through performance improvement plans and strict attendance policies.
00:17 Some claim managers have been instructed to place more employees on performance plans as
00:21 part of managing unregretted attrition. Critics say this destroys internal morale and trust while
00:27 allowing Amazon to show lower costs without layoffs negatively affecting its stock price.
00:31 For all things money visit Benzinga.com

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