Wednesday, February 1, 2023

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Amazon to sack over 18,000 employees following economic uncertainty

Amazon announced on Thursday that it would be letting go of more than 18,000 workers due to the uncertain economy.

“We intend to cut little over 18,000 roles between the cutbacks we made in November and the ones we’re sharing today. Several teams are affected, but our Amazon Stores and PXT companies saw the most role eliminations “Andy Jassy, the CEO, stated in a statement. “S-team and I are very aware of how terrible these role eliminations are for people, and we don’t take these decisions lightly or underestimate how they could effect those who are impacted.”

Jassy threw in By offering packages that include a separation payment, temporary health insurance coverage, and outside job placement assistance, Amazon is attempting to assist those who are impacted.

Additionally, Amazon announced a voluntary reduction offer for a small number of employees in its People, Experience, and Technology (PXT) jobs in November 2022, reducing the number of employees by about 10,000, primarily in the Devices and Books divisions.

The business said during the layoff in November that there would be additional role reductions in the first quarter of 2023.

The statement from the CEO continued, “This year’s evaluation has been particularly difficult given the uncertain economy and that we have employed rapidly over the last several years,” providing justification for the reduction in human resources.

Starting on January 18, the corporation will speak with impacted staff members or (representative bodies for Europe).

“Amazon has already survived unstable and challenging economies, and we will do so going forward. I’m confident that we’ll be creative, clever, and resourceful during this period when we’re not hiring widely and removing some roles, since these changes will enable us to pursue our long-term ambitions with a stronger cost structure “Jassy’s statement went on to say.

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