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Amazon To Cut Over 18,000 Jobs, Says CEO Andy Jassy

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Amazon

Amazon

According to CEO Andy Jassy, e-commerce giant Amazon disclosed its plan to cut more than 18,000 positions to reduce expenses.

In a note to his staff, Jassy said, “Between the reductions we made in November and the ones we’re sharing today, we plan to eliminate just over 18,000 roles.” He stated that the impacted employees would be informed beginning on January 18. According to AFP, these 18,000 employees represent 6% of the company’s over 300,000 corporate workforces.

Jassy acknowledged that people find it tough to make decisions about layoffs, but she said that the company is attempting to make the process easier. He said, “We are working to support those affected and are providing packages that include a separation payment, transitional health insurance benefits, and external job placement support.”

He continued by saying that Amazon has previously and would continue to survive uncertain and challenging economic times. Furthermore, he mentioned that some layoffs would occur in Europe, without specifying any particular region. He claimed that this unexpected disclosure was made as a member of the Amazon staff externally revealed this information.

The online retail giant stated two months ago that it would prioritize cost-cutting in its annual business review process. It had already stopped some warehouse developments and implemented a hiring freeze. Even worse, it stopped operating some of its businesses and shelved numerous projects. The corporation announced in November that it would start making cuts, although it did not specify how many.

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