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Started By
Message
Amazon offers employees $5,000 to quit
Posted on 4/11/14 at 10:11 am
Posted on 4/11/14 at 10:11 am
LINK
ETA: Although $5,000 is not a lot of dough these days
quote:
Amazon is offering its warehouse employees up to $5,000 to quit their jobs, even as the company is in the process of adding workers and locations.
quote:
The "Pay to Quit" program, which was announced by CEO Jeff Bezos in his letter to shareholders late Thursday, is an effort to make sure that the Internet retailer's employees really want to be there.
quote:
Bezos said the offer is made under the headline "Please Don't Take This Offer." Amazon offers to pay its associates to quit once a year. At first, employees are offered $2,000 to quit. That offer is increased by $1,000 each year until the amount hits $5,000.
ETA: Although $5,000 is not a lot of dough these days
This post was edited on 4/11/14 at 10:12 am
11
Posted on 4/11/14 at 10:13 am to ForeverLSU02
Very creative idea, IMO.
Posted on 4/11/14 at 10:14 am to ForeverLSU02
I would assume you wouldn't be eligible for rehire.
Posted on 4/11/14 at 10:16 am to ForeverLSU02
saw this earlier.
im guessing they dont offer this to their seasonal workers.
im guessing they dont offer this to their seasonal workers.
Posted on 4/11/14 at 10:17 am to ForeverLSU02
I would like to know how many employees take the money. It would give you an idea of what kind of company Amazon is to work for.
Posted on 4/11/14 at 10:18 am to ForeverLSU02
quote:
Although $5,000 is not a lot of dough these days
For a picker in a warehouse making $12/hour?
This post was edited on 4/11/14 at 10:19 am
Posted on 4/11/14 at 10:18 am to ForeverLSU02
Honestly, that's actually a fantastic, ingenious program. I've often found that bad employees and/or dumb people have a pretty bad financial sense about them, and probably would jump at something like this because they don't have the smarts or wherewithal to do the math. My wife works with a person who thinks she can quit her job (a good one at that) and live the easy life because she just came into some low five figure settlement money, and she has kids and a non-working spouse to boot.
Seems to me that this is a pretty effective (and efficient) move for Amazon to thin its herd at a fairly low cost.
Seems to me that this is a pretty effective (and efficient) move for Amazon to thin its herd at a fairly low cost.
Posted on 4/11/14 at 10:18 am to ForeverLSU02
Seems like a drop in the bucket for someone with a stable job there. I wouldn't take it.
Posted on 4/11/14 at 10:19 am to 12
quote:
I would like to know how many employees take the money. It would give you an idea of what kind of company Amazon is to work for.
Not really. See my above post.
Posted on 4/11/14 at 10:20 am to Feral
It would be pretty awesom though if you just happened to have another job lined up and were already planning on leaving. A nice 5k as a parting gift
Posted on 4/11/14 at 10:21 am to lsupride87
quote:
It would be pretty awesom though if you just happened to have another job lined up and were already planning on leaving. A nice 5k as a parting gift
True, but that'd likely be the exception and not the rule.
Posted on 4/11/14 at 10:21 am to lsupride87
quote:
It would be pretty awesom though if you just happened to have another job lined up and were already planning on leaving. A nice 5k as a parting gift
That's what I was thinking.
Also, I assume there are restrictions to this...like if you take it you can't ever work for the company again.
Posted on 4/11/14 at 10:22 am to ForeverLSU02
Dell does this and the sky is falling... Amazon does this and it's genius
Posted on 4/11/14 at 10:23 am to SonOfMike
quote:There are actually quite a few companies that do this
Dell does this and the sky is falling... Amazon does this and it's genius
Posted on 4/11/14 at 10:23 am to CocomoLSU
quote:
Also, I assume there are restrictions to this...like if you take it you can't ever work for the company again.
Maybe, but a friend of mine got bought out of her job at a large corporation and then rehired not two years later. Granted, it was a layoff buyout and not voluntary, but other companies offer similar voluntary buyouts as well.
Posted on 4/11/14 at 10:28 am to lsupride87
quote:
There are actually quite a few companies that do this
Yup. First I heard if it was with Zappos a few years ago. When you show up for orientation they offered you $3K to walk out the door.
Posted on 4/11/14 at 10:35 am to ZereauxSum
You know if Zappos is hiring right now?
Posted on 4/11/14 at 10:36 am to ZereauxSum
quote:
Yup. First I heard if it was with Zappos a few years ago. When you show up for orientation they offered you $3K to walk out the door.
And it's owned by Amazon now...
Posted on 4/11/14 at 10:38 am to ForeverLSU02
An employee probably has to be with the company for a minimum amount of time. Otherwise, a person could get hired just to quit on their first day of work and collect $5k.
Posted on 4/11/14 at 10:39 am to ForeverLSU02
How great would that be if you had decided to relocate or take another job and have this offer laid in your lap?
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