Amazon announcing more layoffs

Amazon announcing more layoffs

Amazon plans to layoff another 9 000 employees during the next few weeks. The company in January announced that it would cut 18 000 referring to the economic downturn and extensive hiring during the pandemic with booming e-commerce.

The new layoffs are mainly at the company’s cloud services and advertising but also at livestreaming platform Twitch that offers gaming and music etc.

Other big tech companies as Microsoft, Google and Meta have earlier announced big layoffs referring to the same factors as Amazon and Meta just days ago announced layoff of another 10 000 staffers.

In a memo to staff that is published on the company’s website, CEO Andy Jassy says that given the uncertain economy and the uncertainty that exists in the near future, “we have chosen to be more streamlined in our costs and headcount.” 

Read Also:  Economic downturn causing more big tech layoffs

He says that new analysis has resulted in a decision to cut another 9 000 positions.

“Some may ask why we didn’t announce these role reductions with the ones we announced a couple months ago. The short answer is that not all of the teams were done with their analyses in the late fall; and rather than rush through these assessments without the appropriate diligence, we chose to share these decisions as we’ve made them so people had the information as soon as possible.”

Read Also:  Meta reducing staff with another 15 000



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