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.
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