What you need to know
- Amazon has announced another round of employee layoffs.
- The company plans to cut about 9,000 employees in the coming weeks.
- Sectors affected in this latest round include AWS, PXT, Advertising, and Twitch.
Amazon CEO Andy Jassy announced Monday that the company plans to lay off about 9,000 employees in the coming weeks. This is his second announcement from Amazon in the past few months.
In an internal message published Monday morning, Jussie said the latest layoffs were primarily focused on specific Amazon divisions. ), Advertising, and Twitch.
“As part of our annual planning process, leaders across the company work with their teams to determine what investments they want to make for the future, what is most important to our customers and what is the long-term focus of our business. We prioritize good health,” said Jassy. news. He notes how the company has increased headcount over the past few years as the pandemic has changed spending behavior and the way companies operate.
“However, given the uncertain economy we live in and the uncertainty that exists in the near future, we have chosen to better streamline our costs and personnel.
Amazon announced in January that it would furlough about 18,000 employees. This comes months after it first announced layoffs in key divisions in November. This latest round brings the total reductions to approximately 27,000 positions.
Jassy explained that these additional reductions were not announced in January as the team was still assessing needs. He warns that the team has not yet determined which roles will be affected, and that Amazon expects to finalize these decisions by “mid- to late-April.”
The layoffs follow Amazon’s recent decision to close some of its cashierless Amazon Go stores nationwide, as the company continues to reassess its brick-and-mortar strategy.
The announcement also comes just a week after Meta announced it would lay off an additional 10,000 employees as part of its “Year of Efficiency.” Also, similar to Meta, Amazon said its reduction goals are “meaningfully improving the lives of customers, so that we can continue to invest heavily in the key long-term customer experiences that we believe can meaningfully improve the lives of our customers.” Our goal is to help make the company leaner in a smart way.” the entire Amazon. ”
Amazon says it will provide affected employees with severance pay, temporary health insurance, and outside job placement assistance.
