Amazon announces a round of layoffs | Companies

by time news

2024-04-03 20:33:58

Amazon Web Services (AWS), Amazon’s cloud services division and leader in its market, has announced a new round of layoffs. The company has not specified the number. He has limited himself to pointing out hundreds. The measure is aimed at sales, markets and global services workers as well as hundreds of other workers in its physical stores,

“We have identified some specific areas of the organization that we need to optimize to continue focusing our efforts on the key strategic areas that we believe will generate the maximum impact,” an AWS spokesperson says in a statement. The cloud services division’s sales growth has seen a decline in sales growth in recent quarters as companies have reduced their cloud spending and delayed technology standardization projects. As reported by CNBC, the company is committed to supporting workers “during their transition to new roles inside and outside of Amazon.

The new round of layoffs comes just a year after AWS held its largest round of layoffs to date as part of a cost-cutting drive that saw 27,000 jobs eliminated following a hiring boom in the pandemic. The cuts come in the same week that the online retailer confirmed it would eliminate cashierless checkout systems at its US Fresh stores and replace them with an automated shopping cart.

Amazon closed 2023 with a net profit of $30,425 million, compared to losses of 2.7 billion a year before. Although the company managed to say goodbye to the red numbers, profits remained below the 33,364 million registered in 2021, slopes very marked by the revaluation of Rivian on the stock market. After a very good Christmas campaign, the income of the online distribution giant reached 574,785 million last year.

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