Tech

Now Amazon says it’s pausing new company hiring


Amazon

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Amazon has announced that it will pause new hires to its enterprise workforce for the next few months as it sees where the economy will go.

“We are facing an unusual macroeconomic environment and want to strike a balance between hiring and investing with thinking hard about the economy.” Beth Galetti saysSenior Vice President of People, Experience, and Technology at Amazon.

Galetti noted that Amazon has paused hiring in some of its businesses. But Amazon will continue to hire fillers to replace employees who are leaving and will gradually hire in some “targeted places”. That said, Amazon will still “hire a meaningful number of people in 2023,” according to Galetti.

Also: The layoffs began on Elon Musk’s Twitter

“While we have had a few years of expanding our headcount broadly, there have been a few years when we have tightened our belts and streamlined the number of people we have,” she writes. added,” she wrote.

“With fewer tenants at this point, this will give each team the opportunity to further prioritize what matters most to customers and businesses, and be more productive.”

In terms of Q3 earnings, Amazon said it plans to hire 150,000 for its network of operations in the US to assist with deliveries during the holiday season.

Galetti also noted that Amazon is optimistic about Prime Video, Alexa, Grocery, Kuiper, Zoox and Healthcare. Amazon in July announced it would buy One Medical for $3.9 billion. Last month, it announced plans for Project Kuiper launch 3,000 broadband satellites into space, creating a new competitor for SpaceX’s Starlink service. But in August they announced they would be shutting down Amazon Care, their Telehealth service.

Amazon speak it employs more than 75,000 people throughout the Puget Sound region, including corporate offices in Seattle and Bellevue, fulfillment centers in Kent, Sumner and Dupont, aviation hub at SeaTac airport, R&D facility of Project Kuiper in Redmond and more than 15 Amazon and Whole Foods grocery stores.

Analysts are predicting that spending on cloud computingmost of that goes to Amazon Web Services, which will grow 20.7% in 2023, but for now, the growth rate of cloud spending is slowing.

Last week Amazon reported AWS revenue growth for Q3 2022 slowing to 27.5%, which is the lowest annual growth since 2014. Amazon’s risk factors in its forward-looking statement investors including COVID-19, exchange rates, geopolitical tensions, recessions, inflation, interest ratesglobal labor shortages, supply chain issues, world events, and the pace of growth of the internet, e-commerce, and the cloud.

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