A bigger number of jobs will be cut by Amazon than it previously said.
Amazon said that the Wall Street Journal reported on the cuts before it ever announced them.
Andy Jassy, the company's CEO, told his employees in a memo that they should wait to hear about the outcomes until they can speak with the people who are directly impacted. Because one of our teammates leaked this information, we decided to let you know earlier so you can hear what I have to say.
Tech companies are getting ready for an extended economic downturn as they pick up in the years to come. Over 7,000 employees will be impacted by the reduction in headcount. The two companies admitted that they hired too quickly during the epidemic.
As consumers shifted to online ordering, Amazon added workers too fast. At the end of the third quarter, the company had 1.54 million employees.
Jassy said in November that roles would be eliminated at Amazon. CNBC reported that Amazon was planning to lay off thousands of employees. The number is going up.
Amazon has weathered uncertain and difficult economies in the past. The changes will help us pursue our long-term opportunities with a stronger cost structure; however, I'm also optimistic that we'll be inventive, thrifty, and plucky in this time when we're not hiring expansively and eliminating some roles.
Most of the cuts will be in the stores and People, Experience, and Technology (PXT) groups.
There is a possibility that Bezos could return as Amazon CEO.
All Rights Reserved © 2024
