Wednesday, January 31, 2024

Thanks, Liz!

You're doing God's work, just like when AOC killed the Amazon center in NYC.  Reason: "iRobot Lays Off 350 Employees as Amazon Kills Merger Elizabeth Warren Opposed" - "The robot vacuum company is based in Massachusetts, meaning some of the terminated employees are likely Warren's constituents."

5 comments:

Anonymous said...

just like when AOC killed the Amazon center in NYC

Non-updated grudges are the best kind.

So, what's happened since AOC wrecked the Amazon deal? And Amazon said "just forget it, then"? And headed south to a similar deal with Virginia instead?

In Virginia, Amazon has reneged on the timing, the funding, and the amount of its promised jobs. The pledged construction in the agreement has been scaled down. As has the anticipated revenue to Virginia.

Rather than using its lucrative tax breaks to expand its work force, Amazon fired more than 27,000 employees in the past year.

Oh, and after pulling out and leaving AOC's New York City in the dust, Amazon opened a rather large new corporate office... in New York City.

Since leaving New York City high and dry, the majority of Amazon's new hires have been in New York City. Amazon has also snapped up large real estate purchases in New York City.

AOC was right: the taxpayers of New York didn't have to bend over and spread their ass cheeks to "win" Amazon's favor. Turns out that the New York City location has its own innate value to businesses. There was no need to massively subsidize a $1.6 trillion company to do exactly what it wanted to do anyway.

Virginia's taxpayers won't be looking at the same outcome.

Community Notes said...

Readers added context they thought people might want to know

The original planned Amazon HQ2 project would have brought 25,000 jobs to New York City. The newly opened office and collaboration space in the historic Lord & Taylor building welcomes about 2,000 new Amazon employees.


https://www.cnbc.com/2019/07/10/amazon-reveals...

https://www.aboutamazon.com/news/amazon-offices...

Anonymous said...

25,000 jobs, or "25,000" jobs?

Community Notes skipped over the detail where Amazon, after making its agreement with Virginia, has sharply scaled back every important facet of the deal from construction promises to community services to the number of jobs to be created. Some of Amazon's supposed obligations will be delivered years late. Other supposed obligations will never be met at all. Big numbers can be so slippery.

The Lord & Taylor office is just the latest of several NYC investments by Amazon since the company quit the city forever and ever. There has been subsequent Amazon NYC expansion in between AOC and Lord & Taylor. And there are further Amazon NYC operations and investments to come. New York didn't get 2,000 new Amazon jobs, it got 2,000 more new Amazon jobs.

New York was going to pay Amazon $3.5 billion to convince it to do what it was always determined to do... and somehow, this would have been a shrewd investment of taxpayer money.
(Community Context: Ever hear of sports stadiums?)

Community Notes said...

Readers added context they thought people might want to know

Amazon's continuing investments in New York city are consistent with its expansion throughout the country, and are unrelated to the failed headquarters deal.

The first phase of Amazon's HQ2 deal with Virginia is scheduled for completion in June with a capacity of 14,000 employees. Despite delays of the second phase due to the pandemic, economic headwinds causing layoffs at the company, the work-from-home trend, and opposition from some activists and officials over the financial package, Amazon has stated the delays will not affect its plan to create 25,000 jobs at the location instead of in New York City.

Some of Amazon's recent expansion in other states includes:

California - a new 3.4 million square feet warehouse in San Diego and a new office in Culver city with 3,000 employees.

Texas - a new office in Austin with 5,000 employees and a 4 million square feet warehouse in Pflugerville. A new fulfillment center will be built in Lubbock with 1,000 jobs.

Washington - expanded its Seattle headquarters with 15,000 new hires and 4 million square feet of office space. In Spokane there is a new fulfillment center with 1,500 jobs.

www.cbsnews.com/news/amazon-hq2-construction-pause ...

www.warehouseautomation.ca/news-notes ...

www.cnn.com/interactive ...

Anonymous said...

Readers added context that some people definitely don't want to know

The Seattle Times:
Amazon outlined a plan Friday to accommodate 25,000 employees in Bellevue (Seattle) by 2025, the same number it’s expected to employ at its second headquarters in Virginia by 2030. [...] Bellevue has provided no tax breaks or financial incentives to bring back Amazon.

That's a $3.5 billion savings!

On the other side of the continent, Google, Apple and Facebook have notably expanded their facilities and workforce in New York City over the last 4 years. And so has Amazon. Unimaginably, without those billions in corporate welfare that were purportedly required to "lure" it.

Compare the logic of the doomed $3.5 billion enticement to another of Amazon's various New York investments that have come to fruition: a humongous new warehouse near Syracuse.

The local government traded Amazon $70 million in tax waivers in exchange for $28 million in school funding. No one is scoffing at the common sense of that fiscal agreement.

The $3.5 billion NYC deal was less prudent. Among the loony leftists who were openly critical about the offer, both when it was first proposed and after it had collapsed are these: Forbes, the Wharton School, Investopedia, Fox Business, the L.A. Times, the Brookings Institute, the NY Times and more.

As a Bloomberg writer put it (ellipses included), "Discretionary spending requires... government discretion."

So, New York City will just have to muddle through with the 350,000+ tech jobs it has managed to scrounge.

Without a $3.5 billion surcharge. Yet somehow with Amazon.