The Company’s CEO, Andy Jassy, said Amazon plans to cut 18,000 corporate and technology jobs in a major expansion of its cost-cutting plans. Send an email to the staff Wednesday.
company It previously planned to lay off nearly 10,000 employeesThe New York Times reported in mid November that layoffs were occurring late last year and early this. The company’s book and hardware departments were the first to be laid off. Employees in human resources were also offered the chance to resign.
The new wave, which will be implemented on January 18, will focus on human resources and the large department that Amazon refers as stores. This includes the Amazon’s main website, its extensive field operations and warehouse operations, as well its physical stores and other consumer-related teams.
Amazon’s total cutbacks of 18,000 represent almost 6 percent of its workforce. Managers from a variety of organizations said that they were being instructed to prepare for layoffs. Employees were also being prepared for cuts.
The layoffs do NOT include hourly warehouse workers. These jobs are often undervalued by Amazon due to high attrition.
“These changes will allow us to pursue our long-term potential with a stronger costs structure,” wrote Mr. Jassy. “I am optimistic that we’ll still be creative, resourceful, grounded, and agile in this time of not hiring heavily and removing some roles.”
The company had more than doubled its workforce during pandemic. Customers flocked to online services and the company was able to increase its workforce by more than 50%. It employed approximately 1.5 million people at the end September.
Amazon’s growth, however, slowed downThe company’s lowest rate in over 20 years, and Mr. Gacy was feeling the effects of its expansion. Amazon recently warned investors of this. It can impair growthTo the slowest pace since 2001
Mr. Jassy explained that the extended cuts are a result Amazon’s annual review. This year was “much more difficult given the uncertain economic environment and that we’ve hired rapidly over the past several years.”
The Wall Street Journal mentionedAmazon announced Wednesday that it had increased its planned job cuts.
Amazon is just one of many tech companies that has recently announced deep discounts. Salesforce, the business software giant, announced Wednesday that it will lay off employees. 10 percent of its workforceConcerns about the economy led to a total of 8,000 layoffs. Meta and Twitter were among the other companies that have experienced significant layoffs in recent weeks.
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