Tech

Amazon CEO says layoffs will last into next year


Amazon CEO says layoffs will last into next year

The Amazon logo is seen in Douai, northern France, Thursday, April 16, 2020. On Thursday, November 17, 2022, Amazon CEO Andy Jassy said the mass layoffs began. at the company this week will continue into next year. Credit: AP Photo / Michel Springer, Profile

The Mass layoffs CEO Andy Jassy said Thursday that began in Amazon’s corporate ranks this week that will stretch into next year.

in one Note to staffJassy said Company told workers in its bookkeeping and equipment division about the layoffs on Wednesday. He said it also offers another number workers a voluntary acquisition offer.

“I’ve been in this role for about a year and a half, and it’s without a doubt the hardest decision we’ve made in that time (and, we’ve had to make a number of calls). very difficult call about over the past few years, especially in the midst of the pandemic), “Jassy wrote in the memo.

Seattle-based Amazon, which has been cutting costs in various areas of its business over the past few months, is undergoing an annual review to figure out where it can save more money. Jassy said this year’s assessment was “more difficult” given the company’s economic backdrop and rapid hiring over the past few years.

Other tech companies — many of which have been over-hiring in the past few years — have also cut their workforces amid fears of a financial crisis. economic depression. Among others, Facebook’s parent company Meta said last week it will lay off 11,000 people, about 13% of the workforce. And Elon Musk, the new CEO of Twitter, has reduce the company’s workforce in this fortnight.

On Tuesday, Amazon notified authorities in California that it would lay off about 260 of the company’s workers at various facilities in the state. The company has not publicly disclosed the number of employees it has laid off this week across its entire workforce, although several Seattle-based have said they have also been laid off.

Jassy said the company has not yet concluded how many other jobs will be affected. He noted that there will be cuts in certain divisions as the company undergoes an annual review process, which will continue next year. As they consider job cutsHe said leaders at the company will prioritize what matters most to customers and the long-term health of the company.

Amazon is offering severance packages to employees who leave the company. But—unlike Meta, for example—it doesn’t provide package details publicly.

The company employs more than 1.5 million workers globally, mostly hourly workers.

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