amazon layoffs 2022, Amazon will cut the jobs of 20,000 people including managers..! – Amazon plans to layoff 20,000 employees including managers

Due to the global economic slowdown, prominent tech giants like Google, Meta, Infosys, Twitter and HCL have laid off their employees to cut costs. Recently, the popular e-commerce giant Amazon announced plans to lay off around 10,000 employees due to mounting losses. It was also reported that the layoffs will begin next week.

Subsequently, the Amazon CEO said that “these layoffs will continue in 2023.” In this case, Amazon plans to lay off about 20,000 employees, including managers. Many will be affected, including distribution center workers, technical staff and corporate executives. This is twice as much as previously reported.

Amazon employees are ranked from Level 1 to Level 7. As a result, employees at all levels will be affected. The New York Times first reported in mid-November that Amazon would implement mass layoffs, citing sources with direct knowledge of the matter that 10,000 people would be laid off.

Unthinkable losses… Amazon plans to lay off 10,000 employees!

However, company managers have been told for the past few days to try to identify performance problems among employees as part of an effort to lay off about 20,000 people. Twenty thousand employees equates to about 6% of the corporate workforce. Also, about 1.3% of Amazon’s total workforce of 1.5 million includes global distribution center and hourly workers.

Corporate employees are told they will be given 24 hours’ notice and severance pay as per their company contracts. “There is a sense of dread among employees at the company as the news has come out,” said one person briefed on the layoff effort. The layoffs are the largest layoffs in the company’s history.

Samsung India announces 1,000 vacancies; Engineers can apply!

“No specific department or location has been identified for the layoff; it is across the business. We have been informed that this is a result of over-hiring during the pandemic and the need to cut costs as the company’s finances are falling,” the source said.

Following the New York Times comment, Amazon CEO Andy Jassy confirmed the layoffs in a public message to employees on November 17. However, he did not specify the number of employees to be laid off.

“Our annual planning process extends into the new year, which means there will be more stock reductions as leaders continue to make changes. Those results will be shared with affected employees and organizations in early 2023,” Jassi said. No official information about the layoff has been released.

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent News

Editor's Pick