Amazon to lay off 9,000 more workers in addition to earlier cuts
$Amazon(AMZN.US$ Amazon will lay off 9,000 more employees in the coming weeks.
The cuts are on top of the 18,000 impacted from November to January. CEO Andy Jassi said it would impact AWS, HR, Advertising, and Twitch.
For context, 9,000 is < 1% of Amazon's workforce.
The cuts are on top of the 18,000 impacted from November to January. CEO Andy Jassi said it would impact AWS, HR, Advertising, and Twitch.
For context, 9,000 is < 1% of Amazon's workforce.
Amazon is undergoing the largest layoffs in company history after it went on a hiring spree during the Covid pandemic. The company's global workforce swelled to more than 1.6 million by the end of 2021, up from 798,000 in the fourth quarter of 2019.
Jassy is also taking on a broad overview of the company's expenses as it reckons with an economic downturn and slowing growth in its core retail business. Amazon froze hiring in its corporate workforce, axed some experimental projects and slowed warehouse expansion.
While the company aims to operate leaner this year, Jassy said he remains optimistic about the company's "largest businesses," retail and Amazon Web Services, as well as other, new divisions that continue to warrant investment.
Jassy is also taking on a broad overview of the company's expenses as it reckons with an economic downturn and slowing growth in its core retail business. Amazon froze hiring in its corporate workforce, axed some experimental projects and slowed warehouse expansion.
While the company aims to operate leaner this year, Jassy said he remains optimistic about the company's "largest businesses," retail and Amazon Web Services, as well as other, new divisions that continue to warrant investment.
Amazon shares closed down 1.25% on Monday.
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