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HomeUncategorizedAmazon Says It Will Cut Over 18,000 Jobs, More Than Initially Planned

Amazon Says It Will Cut Over 18,000 Jobs, More Than Initially Planned

Amazon said Wednesday it will cut over 18,000 jobs, a bigger number than the e-retailer initially said it would be eliminating last year.

The Wall Street Journal reported on the cuts earlier, which Amazon said preempted its planned announcement.

“We typically wait to communicate about these outcomes until we can speak with the people who are directly impacted,” CEO Andy Jassy wrote in a memo to employees that the company published on its blog. “However, because one of our teammates leaked this information externally, we decided it was better to share this news earlier so you can hear the details directly from me.”

Tech companies are picking up in 2023 where they left off last year, preparing for an extended economic downturn. Salesforce said on Wednesday it would reduce headcount by 10%, impacting over 7,000 employees. Both Amazon and Salesforce admitted that they hired too rapidly during the pandemic.

Source: (CNBC)

 

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