Amazon said that it will eliminate a total of 18,000 jobs, a bigger number of positions than previously disclosed and the greatest round of layoffs in the history of the e-commerce titan.
In a statement to staff that was made public on Wednesday, CEO Andy Jassy stated, “We normally wait to comment about these outcomes until we can speak with those who are directly affected.” “However, because one of our teammates disclosed this information to the outside, we decided it would be best to convey this news early so that you can hear the specifics from me directly.”
According to Jassy, the layoffs will primarily affect the company’s brick-and-mortar businesses, such as Amazon Fresh and Amazon Go, and its PXT groups, which manage personnel resources and other activities.
In November, he informed the workers that layoffs were imminent due to the state of the economy and the company’s fast expansion over the past few years. The Wednesday notification included unnumbered layoffs that had occurred previously. In addition to offering buyouts, the company has been lowering costs in other parts of its expansive operation.
Amazon, which has a global workforce of 1.5 million, is among a handful of prominent tech businesses laying off employees after aggressive hiring in recent years.
Advice for those who have been laid off 03:43
Salesforce, a developer of customer relationship management software, announced on Wednesday that it will lay off more than 7,000 employees, or nearly 10% of its staff, and close certain operations. The layoffs are by far the most significant in the 23-year history of a San Francisco corporation created by former Oracle executive Marc Benioff, who pioneered the way of leasing software services to internet-connected devices — a notion now known as “cloud computing.”
Benioff noted in a letter to staff, “As our income increased during the epidemic, we employed too many people leading up to the current economic slump, and I take responsibility for that.”
Salesforce employed around 49,000 individuals in January 2020, shortly prior to the pandemic. Salesforce’s current workforce is 50% larger than it was prior to the epidemic.
Apple, the parent company of Facebook, Meta Platforms, Microsoft, Netflix, Peloton, and Twitter, among other digital businesses, have announced significant layoffs or reduced employment in recent months in response to sluggish economic growth.
Mark Zuckerberg, CEO of Meta, admitted he misjudged the income gains the owner of Facebook and Instagram was experiencing during the pandemic when he announced in November that 11,000 people, or 13% of the workforce, would be laid off.
Massive layoffs at Meta suggest problems in Silicon Valley 02:34
Wall Street analyst Adam Crisafulli of Vital Knowledge stated in a note to investors that employers are “being more proactive in cutting expenses (which will assist boost earnings in a harder revenue environment)”
According to outplacement agency Challenger, Gray & Christmas, tech businesses will remove more than 97,000 positions in 2022, a 649% increase from the roughly 13,000 positions lost in 2021. This was far faster than the automobile industry, which lost 31,000 jobs last year, the second-most of any U.S. business.
“Although firms appear to be actively planning for a slowdown, the economy as a whole is still producing jobs. The hiring pace has slowed as corporations approach 2023 with caution “The senior vice president of Challenger, Gray & Christmas, Andrew Challenger, stated as such.
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