Amazon boss says layoffs will last into next year

NEW YORK – That mass layoffs What began in the ranks of Amazon companies this week will extend into next year, CEO Andy Jassy said on Thursday.

in one Note sent to staff, Jassy said the company notified workers in its equipment and books departments of layoffs on Wednesday. He said it also made a voluntary takeover offer to some other employees.

“I’ve been in this role for about a year and a half now and without a doubt this is the toughest decision we’ve made in that time (and we’ve had to make some very tough decisions in the last few years, especially during the heart of the pandemic)” Jassy wrote in the memo.

Seattle-based Amazon, which has cut costs in various areas of its business in recent months, undergoes an annual review process to see where it can save more money. Jassy said this year’s review was “more difficult” due to the economic landscape and the company’s rapid hiring rate in recent years.

Other tech companies — many of which had been hiring relentlessly in recent years — have also cut their workforces amid concerns about an economic slowdown. This was announced, among other things, by Facebook mother Meta last week it would lay off 11,000 people, around 13% of the workforce. And Elon Musk, the new CEO of Twitter, has the company’s workforce was axed in half of this month.

On Tuesday, Amazon told California authorities it would lay off about 260 company employees at various state facilities. The company hasn’t publicly announced how many employees it laid off across its corporate workforce this week, although some in Seattle said they were laid off as well.

Jassy said the company has not yet determined how many other jobs will be affected. He pointed out that there will be cuts in certain business areas as the company goes through the annual review process, which continues into next year. As they weigh the job cuts, he said the company’s executives will prioritize what’s most important to customers and the long-term health of the company.

Amazon offers severance packages for employees leaving the company. But – unlike, for example, Meta – it has not made any details of the package public.

The company employs more than 1.5 million people worldwide, most of whom are hourly workers.

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https://www.local10.com/business/2022/11/18/amazon-ceo-says-layoffs-will-extend-into-next-year/ Amazon boss says layoffs will last into next year

Sarah Y. Kim

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