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Amazon Set To Layoff About 18, 000 Workers By January 18

On Wednesday, January 4th, 2023, the management of Amazon.com, Inc. top e-commerce American multinational technology company announced that it will cut more than 18,000 jobs from its workforce, citing “the uncertain economy” and the fact the online retail company had “hired rapidly” during the pandemic as reasons for their actions.

The CEO, Andy Jassy while speaking in a statement to staff said, “Between the reductions, we made in November and the ones we’re sharing today, we plan to eliminate just over 18,000 roles.”

The corporation was reportedly aiming to fire 10,000 employees, according to a US media report in November. Amazon has previously stated that layoffs were anticipated but had withheld a figure.

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.

Jassy stated that some of the layoffs would happen in Europe and that the affected employees would be notified beginning on January 18.

He said the sudden announcement was being made “because one of our teammates leaked this information externally.”

“This year’s review has been more difficult given the uncertain economy and that we’ve hired rapidly over the last several years,” Jassy said.

Further speaking, he said that “Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so.”

The store doubled its global personnel between the beginning of 2020 and the beginning of 2022 after hiring aggressively during the pandemic to accommodate an explosion in demand for deliveries.

At the end of September, the company had 1.54 million employees worldwide, excluding seasonal workers hired during periods of increased activity, particularly the holiday season.

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