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Home Technology

Amazon to cut over 18,000 jobs: CEO

by Ruslan Burak
July 3, 2023
in Technology
2 min read
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Amazon announced Wed will cut more more than 18,000 jobs from its workforce, citing “uncertainty economyAnd the fact that online The retail giant has “hired on the fly” during the pandemic.

We’re between cuts made in November and the ones we share today, we plan to crack just over $18,000,” CEO Andy Jassy said in statement to his employees. The company had announced 10,000 layoffs in November.

Jassy said the company’s leadership was “deeply aware of these matters role Filtering is tough for peopleWe don’t take this decisions lightly.

“We are working on support these who They are affected and offered packages that include severance payments, transitional health insurance benefits, and outside job placement support,” He said.

some of It will be layoffs in Europe, Jassy said, adding that affected workers will be informed to start on Jan 18th.

he said suddenly announcement was running made “Because one of Our teammates leaked this is information externally”.

“this is year’s review It was more Difficult given the mystery economy And we hired her quickly over the last Several years,” said Gacy.

But he added Amazon has weathered difficult and uncertain economies in the pastAnd we will continue to do so.”

was a retailer indeed hired with a vengeance During a pandemic to face a blowout in demand for Deliveries, double global staff between the start of 2020 and the beginning of 2022.

the group It had 1.54 million employees worldwide at the end of September, not including seasonal workers hired during periods of increased activity, especially during holiday season.

Downsizing technology

Amazon’s job cuts plan is the largest among the recent workforce cuts that have affected the United States tech section.

it’s a also the biggest in The company is headquartered in Seattle history.

Amazon saw net he won drop 9% year on year in Third quarter. And the for the last quarterAmazon expects anemic in November growth By her standards, between two and eight percent over one yearAnd the operating he won of between 0 and 4 billion dollars, against 3.5 for same period of 2021.

the group It is set to announce its annual date results on Feb 1.

In the tech sector, major platforms with Ads based business model We are facing budget discounts from advertisers, who Reduce expenses in the face of inflation and rising interest rates.

meta parent company of Facebook, announced in november loss of 11,000 jobs, or about 13% of its workforce. in the end of August, leave Snapchat of about 20% of Its staff, about 1,200 people.

Twitter has been bought in October for billionaire Elon Musk, who fired instantly half of the social media The platform has 7,500 employees.

Also, information technology group Salesforce that specialize in management solutions f in cloud technologyf announced on Wed that he was lying off about 10% of its employees, or just under 8000 people.

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