Amazon.com has also laid off more than 18,000 workers. The move was made as part of staff reductions based on previously disclosed information, according to a public employee memo issued Wednesday by Chief Executive Andy Jassey.
Amazon layoffs
Companies ranging from Twitter to Facebook laid off tens of thousands of workers late last year. Indians are the worst affected. Dismissals were carried out indiscriminately from management to shop floor employees. Similarly, since November, information has been leaking that there is going to be a huge layoff at Amazon. Amazon founder Jeb Bezos’ biggest cash windfall is on the way. He warned everyone to get ready. Part of that is now shockingly more people have been laid off than officially expected.
6% layoffs
Amazon’s layoffs will take effect from January 18 and will impact the company’s e-commerce and human resources departments, he said. Amazon has approximately 3,00,000 employees, of which 6% of the corporate workforce is said to be affected by these layoffs. Noting that the layoffs coincided with annual planning, Jassi added, “The uncertain economy has been very difficult and we’ve hired a lot over the last several years.”
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America’s largest corporation
Amazon has more than 1.5 million workers, including warehouse workers, making it the second-largest private employer in the United States after Walmart Inc ( WMT.N ). Its share price has halved over the past year as rising inflation has created an environment for businesses and consumers to cut spending.
Continued layoffs
In November, Amazon began planning to lay off employees from its workforce division. Reuters said in a press release at the time that it was targeting 10,000 layoffs. Last year, Twitter employed 7,500 people, and around 3,700 people were laid off. Of the 200 people employed by Twitter in India, more than 180 were laid off. The remaining 10-plus are still working. It was later revealed that up to 70% of those laid off were working in the product and engineering teams. Twitter was followed by Facebook’s parent company Meta announcing the ad cuts. Amazon, the largest e-commerce giant, has also recently announced ad reduction.