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Amazon to cut more than 18,000 roles, CEO says

Amazon has announced it will cut more than 18,000 jobs from its workforce, citing "the uncertain...

👤 H K Badal5 Jan 2023 3:30 PM GMT
Amazon to cut more than 18,000 roles, CEO says
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Amazon has announced it will cut more than 18,000 jobs from its workforce, citing "the uncertain economy" and the fact that it had "hired rapidly" during the pandemic.

"Between the reductions we made in November and the ones we're sharing today, we plan to eliminate just over 18,000 roles," said CEO Andy Jassy in a statement to his staff. The company had announced 10,000 layoffs in November.

The jobs to be slashed under the plan amount to 6 percent of Amazon's roughly 300,000-person corporate workforce, the largest among recent workforce reductions that have impacted the US tech sector.

Jassy said the company's leadership was "deeply aware that these role eliminations are difficult for people, and we don't take these decisions lightly.

"We are working to support those who are affected and are providing packages that include a separation payment, transitional health insurance benefits, and external job placement support," he said.

Some of the layoffs would be in Europe, Jassy said, adding that the impacted workers would be informed starting on Jan 18.