Another 9,000 jobs will be cut at Amazon due to the uncertain economy, says CEO, Any Jassy.
This is the second mass layoff at the company this year.
The company has recorded a $2.7 billion net loss in 2022.
This is down from a $33.4 billion profit in 2021.
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In early January, 18,000 Amazon employees lost their jobs. This followed a wave of redundancies from big tech companies such as Twitter and Meta.
The cuts are expected to affect mostly those working in advertising and Twitch livestreaming.
In a letter to employees on Monday, Mr Jassy also wrote that the cuts would involve those in the “People Experience Team,” otherwise known as HR.
He wrote: “This was a difficult decision, but one that we think is best for the company long term.”
Talking about the reasons for the previous job eliminations, he wrote: “As our internal businesses evaluated what customers most care about, they made re-prioritization decisions that sometimes led to role reductions, sometimes led to moving people from one initiative to another, and sometimes led to new openings where we don’t have the right skills match from our existing team members.”
Jeff Schwartz, VP of Insights & Impact at Gloat, says:
“These layoffs are a function of what I believe looks like a common pattern of contagion, but I don’t think it actually is contagion. What’s critical to understand is what’s driving the decision in certain sectors and certain companies to layoff employees or to hold on to their employees.
“At the moment, layoffs are very uneven across the economy and it’s probably not a pervasive trend, but it’s more of a sporadic one. I would challenge us to think not about contagion, but about what companies and industries and sectors have in common and what’s happening in their larger market.”
Amelia Brand is the Editor for HRreview, and host of the HR in Review podcast series. With a Master’s degree in Legal and Political Theory, her particular interests within HR include employment law, DE&I, and wellbeing within the workplace. Prior to working with HRreview, Amelia was Sub-Editor of a magazine, and Editor of the Environmental Justice Project at University College London, writing and overseeing articles into UCL’s weekly newsletter. Her previous academic work has focused on philosophy, politics and law, with a special focus on how artificial intelligence will feature in the future.
- Amelia Brand
- Amelia Brand
- Amelia Brand
- Amelia Brand
