The commerce giant Amazon will lay off over 18,000 employees – this was confirmed this morning (Thursday) by the company’s CEO Andy Jesse, after the news of the layoffs was leaked to the Wall Street Journal.
According to Jesse, the company is laying off only 1% of its workforce, which includes more than 1.5 million workers in the company’s warehouses and offices.
The CEO also emphasized: “We will support the workers who will be harmed and provide packages that include compensation and additional benefits, beyond health insurance and job placement support.”
“The last period was difficult in light of the uncertainty in the economy and because we recruited employees very quickly during the last few years,” said the CEO, “companies that last a long time go through different stages, and not every year you can expand.”
Already last year, Amazon reported that it would reduce the number of its employees, without officially announcing how many jobs would be cut. In November, Amazon announced that it would begin a round of layoffs to cut costs. Even then, the company froze hiring and stopped some of its warehouse expansions.
In recent months, a series of technology giants in the US have announced widespread layoffs, including: Facebook’s Meta, Twitter, Snap, and Yamo. The cuts come after strong growth for more than a decade.