Amazon begins mass job cuts

news7f11/16/2022

4 3 minutes read

Amazon (AMZN) – Get a free reporte-commerce giant, began implementing mass job cuts on Tuesday in response to an economic downturn that could turn into a crisis. Depression in the coming months.

The company is expected to cut 10,000 jobs, or about 3% of its workforce, an unprecedented move in the company’s history.

The owner of Whole Foods has begun notifying affected employees. Based on testimonials and social media posts, the layoffs affect several divisions, including Alexa and the Luna cloud gaming unit.

“I just learned that I am being affected by the recent layoffs at Amazon,” speak a post on anonymous workplace app Blind on Nov. 15, “My team is sponsored by Alexa. It’s also known that at least half of the team is affected. Received a 60-day and one-week severance package for every 6 months term. I will be retained on LOA (leave leave) for 60 days to find internal transfer.”

Founded in 2013, Blind offers its own corporate channels for users to discuss workplace issues or gossip with colleagues.

‘Super hard’

“It started yesterday. Today and tomorrow more employees will be laid off,” another user posted.

“Unfortunately, I’ve been affected by the layoffs today along with 10,000 other Amazons. It’s been incredibly difficult for all of us and I’m still trying to get through this, while being hurt. limited by #visa application time,” said Shivani Parate on LinkedIn, who was a Software Development engineer at Amazon. “I have nothing but gratitude for the time I’ve spent at Amazon, learning from, and collaborating with some of the brightest people in the industry.”

“I’m looking for a Software Engineer/Machine Learning position immediately. Thanks in advance for any connections, advice or opportunities! Message me if any. any potential customers or contact me at [email protected] Thanks again!”

She concluded: “PSP: To all my incredible colleagues who have also been affected, please get in touch so we can communicate and help each other. I really hope we will pass each other again!”

Amazon did not immediately respond to a request for comment.

Amazon has introduced an austerity measure to significantly reduce costs, after years of massive hiring, especially during the pandemic. At that time, the corporation could not find workers for its warehouse.

‘Remove some of the risks’

But the economy is not doing well.

“I don’t know if we’re in a technical recession that economists argue about – they have some technical definition,” said Jeff Bezos, founder and chairman. Amazon’s operator speak on November 14, “But I can tell you that the economy isn’t looking very good right now. Things are slowing down. You’re seeing layoffs in many sectors of the economy. economy, people are slowing down.”

“The odds are we’re not in a recession, but we could be in a recession soon,” he added.

He advises small businesses and individuals to “take some risks”.

The company’s chief financial officer, Brian Olsavsky, said in October that Amazon is seeing signs that consumers are affected by the coronavirus. inflationary That’s the highest level in 40 years.

“We are bracing for a possible period of slower growth,” Olsavsky told reporters after announcing third-quarter earnings.

As a result, Amazon issued disappointing forecasts for the holiday season and warned on November 2 that it would “pause new incremental hiring in our company’s workforce.”

“We expect to maintain this pause for the next several months and will continue to monitor what we are seeing in the economy and businesses to adjust as we deem reasonable,” Beth said. Galetti, senior vice president of human experience and technology, wrote in a message to employees.