Amazon Will Fire Over 18,000 Workers Due To “Uncertain Economy”
The company’s leadership is “fully conscious that these role eliminations are distressing for employees, and we don’t take these decisions lightly,” according to Amazon CEO Andy Jassey.
Due to “the unpredictable economy” and the fact that the online retail behemoth “hired swiftly” during the pandemic, Amazon stated on Wednesday that it will be eliminating more than 18,000 positions from its workforce.
In a memo to his team, CEO Andy Jassy stated, “With the reductions we announced in November and the ones we’re sharing today, we aim to cut slightly over 18,000 roles.” In November, the corporation announced 10,000 layoffs.
Jassey stated that the company’s management was “fully aware” that the termination of these roles was “tough for people, and we don’t take these decisions lightly.”
“We are working to accommodate people who are affected and are offering packages that include a separation payment, transitional health insurance advantages, and external job placement support,” he said.
Europe would experience some of the cutbacks. Jassey stated, mentioning that the affected employees would be informed beginning on January 18.
The hasty disclosure, he claimed, was necessary because “one of our co-workers exposed this information abroad.”
Amazon has already survived unstable and challenging economies, and we will continue to do so, added Jassy.
The retailer has in fact doubled its global workforce between the beginning of 2020 and the beginning of 2022 by hiring with a fury during the pandemic to satisfy an explosion in demand for deliveries.
Without seasonal staff hired at times of high activity, such as the holiday season, the business had 1.54 million employees worldwide at the end of September.