DirecTV lays off hundreds of managers as cord cutting accelerates

[Bruce]

DirecTV is laying off hundreds of employees — roughly 10% of its upper ranks — as the company looks to reduce costs amid the heightened pain of cord cutting for pay-TV providers, according to people familiar with the matter.

Most of the job cuts will be at the manager level, the people said, citing an email to employees sent on Friday. Managers make up about half of DirecTV’s fewer than 10,000 employees, one of the people said. The affected employees’ last day will be Jan. 20.

DirecTV reportedly lost around 500,000 customers in its most recent quarter, according to ratings agency Fitch. Although DirecTV’s losses slowed during the height of the pandemic, they recently accelerated to nearly 17%, according to MoffettNathanson.

DirecTV lays off hundreds of managers as cord cutting accelerates

DirecTV notified employees it will cut 10% of its workers, many of whom are managers.

www.cnbc.com

 

[CSM]

I wonder what this means?

“We’re adjusting our operations costs to align with these changes and will continue to invest in new entertainment products and service enhancements.”

 

[Juan]

Amazon lays off thousands in its devices division

Amazon Is Said to Plan to Lay Off Thousands of Employees (Published 2022)

The job cuts of approximately 10,000, which would start as soon as this week, would focus on the company’s devices organization, retail division and human resources.

www.nytimes.com

 

[Juan]

Disney's streaming services lost $1.47 billion last quarter, more than double the unit's loss from a year prior. McCarthy said losses will improve in 2023, and Chapek has promised streaming will become profitable by the end of 2024

Disney plans hiring freeze, layoffs and cost cuts, according to a memo from CEO Bob Chapek

"We are limiting headcount additions through a targeted hiring freeze," Disney CEO Bob Chapek said in a memo obtained by CNBC.

www.cnbc.com

 

[Juan]

25% of Netflix subscribers planning to leave service

Netflix already lost 1.2 million subscribers in the first two quarters of 2022. While the company hopes to add one...

9to5mac.com

 

[meStevo]

I wonder what this means?

“We’re adjusting our operations costs to align with these changes and will continue to invest in new entertainment products and service enhancements.”

Just a vague forward looking statement trying to say that despite they layoffs they'll continue to buy programming.

 

[Jimbo]

Amazon lays off thousands in its devices division

Amazon Is Said to Plan to Lay Off Thousands of Employees (Published 2022)

The job cuts of approximately 10,000, which would start as soon as this week, would focus on the company’s devices organization, retail division and human resources.

www.nytimes.com

Paywall ...

 

[Jimbo]

25% of Netflix subscribers planning to leave service

Netflix already lost 1.2 million subscribers in the first two quarters of 2022. While the company hopes to add one...

9to5mac.com

That was very interesting.

 

[cypherstream]

Costs are getting too high for everything. First thing to go is nonessential services like satellite radio and tv. Money better spent on food for survival if it comes down to it.

 

[pr92]

If half your staff consisted of managers, layoffs are probably sensible.

 

[John2021]

I wonder what this means?

“We’re adjusting our operations costs to align with these changes and will continue to invest in new entertainment products and service enhancements.”

what new entertainment products and service enhancements ??? the gemini box is far from innovative. even the guide looks as it's from the stone age..

 

[Bruce]

25% of Netflix subscribers planning to leave service

Netflix already lost 1.2 million subscribers in the first two quarters of 2022. While the company hopes to add one...

9to5mac.com

That was very interesting.

Not really, that story came out in September, a month before 3rd quarter results, a typical gloom and doom story because they thought Netflix subscribers numbers would worsen, then they gain back those lost plus a extra 1.2 million-

https://www.fiercevideo.com/video/netflix-adds-24-million-global-subscribers-q3

 

[Bruce]

Amazon lays off thousands in its devices division

Amazon Is Said to Plan to Lay Off Thousands of Employees (Published 2022)

The job cuts of approximately 10,000, which would start as soon as this week, would focus on the company’s devices organization, retail division and human resources.

www.nytimes.com

Amazon has 1.5 million employees, laying off 10,000 is less then 0.7%, DirecTV is laying off 10% of it’s workforce.

 

[Juan]

Amazon has 1.5 million employees, laying off 10,000 is less then 0.7%, DirecTV is laying off 10% of it’s workforce.

Amazon has 200k corporate employees..the drivers and warehouse workers are all contractors..18k out of 200k is a big drop..almost 10%

 

[Bruce]

Amazon has 200k corporate employees..the drivers and warehouse workers are all contractors..18k out of 200k is a big drop..almost 10%

Drivers are mostly sub-contractors, warehouse are not, also from Bloomberg-

Amazon’s pledge last week to cut 18,000 jobs was a significant escalation from the estimated 10,000 widely reported late last year. While it’s still only 1% of Amazon’s 1.5 million global employees, the layoffs are the largest in the company’s history, strike at the center of its corporate workforce and serve as another sign of a brutal reckoning for the world’s largest online retailer after the stock shed half of its value in 2022.

In a letter to employees, Jassy wrote that the majority of cuts would come in its core retail and human resources departments.

Amazon Kept Inventing, and Now It’s Going to Start Cutting OK let’s go brother can

 

[Juan]

Drivers are mostly sub-contractors, warehouse are not, also from Bloomberg-

Amazon’s pledge last week to cut 18,000 jobs was a significant escalation from the estimated 10,000 widely reported late last year. While it’s still only 1% of Amazon’s 1.5 million global employees, the layoffs are the largest in the company’s history, strike at the center of its corporate workforce and serve as another sign of a brutal reckoning for the world’s largest online retailer after the stock shed half of its value in 2022.

In a letter to employees, Jassy wrote that the majority of cuts would come in its core retail and human resources departments.

Amazon Kept Inventing, and Now It’s Going to Start Cutting OK let’s go brother can

Like i said
From the wall street journal

Anazon has roughly 200k CORPORATE employees of which 18k were cut...the warehouses are full of contractors as well as the drivers...and yes they are closing dozens of warehouses and driver locations...but alas contractors are not counted as layoffs..

 

[Juan]

If you wanna driver job at amazon

Amazon Independent Contractor Requirements For 2022

Learn the Amazon independent contractor requirements needed to apply for AMazon Flex and Amazon DSP. Both services require they be met.

www.ridester.com

 

[Juan]

Amazon Delivery Service Partner Program

Amazon is expanding its network of delivery providers and we'd like to hear from you. Join our last mile revolution and help us give our customers the best service possible.

logistics.amazon.com

 

[Bruce]

I wrote that the drivers were contractors , why are you continuing with that?

 

[Juan]

I wrote that the drivers were contractors , why are you continuing with that?

The warehouse workers are level 99..contractors...fired at will ...go apply for a Amazon warehouse job..its explained in the application