It shouldn't come as a surprise that Amazon has instituted a corporate hiring freeze. The senior vice president of people experience and technology confirmed the move in a staff memo that was published on Amazon.
Galetti wrote that the company had begun pausing or slowing hiring in recent weeks. For the next few months, the move has been applied to new hires. As the company ramps up for the holidays, the caveat here is meant to differentiate the roles from those in fulfillment centers.
Replacements for employees who have left their jobs are one of the possible exceptions. A number of people will be added next year, according to the executive.
Galetti says that they want to balance their hiring and investments with being thoughtful about the economy. We have faced uncertain and challenging economies before. There have been several years where we have tightened our belt and been more efficient in how many people we added. This should give each team an opportunity to further prioritize what matters most to customers and the business and to be more productive.
Jassy has been looking for ways to cut costs since he became the CEO of Amazon. The good companies that last a long period of time, who are thinking about the long term, always have this push and pull, according to him. They are expanding in some years. They tighten the belt a bit when they check in and work on profitability. Some businesses are expanding at the same time that other businesses are checking in.
Amazon isn't the only one making such decisions. The hiring freeze and cost-cutting measures were announced by the CEO of Meta.
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