Amazon says it will cut more than 18,000 jobs, more than originally planned
Amazon said Wednesday it would cut more than 18,000 jobs, more than the online retailer originally said it would cut last year.
The Wall Street Journal reported on the cuts earlier, which Amazon said anticipated its expected announcement.
“We generally wait to communicate on these results until we can speak with those directly affected,” CEO Andy Jassy wrote in a note to employees the company posted on his blog. “However, as one of our teammates leaked this information to the outside, we decided it was best to share this news sooner so you can hear the details directly from me.”
Tech companies are picking up in 2023 where they left off last year, preparing for a prolonged economic downturn. Salesforce announced on Wednesday that it would cut its workforce by 10%, which would affect more than 7,000 employees. Amazon and Salesforce admitted to hiring too quickly during the pandemic.
Amazon specifically acknowledged that it added workers too quickly to warehouses as consumers shifted to online orders.
In November, Jassy said Amazon would eliminate roles, including in its brick-and-mortar stores and in its device and book divisions. CNBC reported at the time that Amazon was looking to lay off about 10,000 of its employees. Now the number is higher.
“Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so,” Jassy wrote. “These changes will help us pursue our long-term opportunities with a stronger cost structure; However, I’m also optimistic that we’ll be inventive, resourceful, and scrappy in this time when we’re not hiring heavily and eliminating certain roles.
Amazon plans to notify employees who will lose their jobs starting Jan. 18, Jassy wrote, noting that most of the cuts will be in stores and the People, Experience, and Technology (PXT) groups.
If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at email@example.com The content will be deleted within 24 hours.