{"id":27765,"date":"2023-01-05T00:57:44","date_gmt":"2023-01-05T00:57:44","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/05\/17000-set-to-be-laid-off-by-amazon-up-from-expected-10000\/"},"modified":"2023-01-05T00:57:44","modified_gmt":"2023-01-05T00:57:44","slug":"17000-set-to-be-laid-off-by-amazon-up-from-expected-10000","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/05\/17000-set-to-be-laid-off-by-amazon-up-from-expected-10000\/","title":{"rendered":"17,000 set to be laid off by Amazon, up from expected 10,000"},"content":{"rendered":"

<\/a>\n
<\/p>\n

\n

Layoffs at Amazon.com Inc. will affect more than 17,000 employees, more than the original figure of 10,000 given by Chief Executive Andy Jassy, according to<\/a> sources quoted by the Wall Street Journal.<\/p>\n

Jassy said in a letter in November<\/a> that the layoffs were\u00a0\u201cthe most difficult decision\u201d he has been forced to make since taking over as CEO from Amazon founder Jeff Bezos last year. As of September, Amazon employed 1.5 million people, with a large percentage employed in the company\u2019s warehouses.<\/p>\n

Most employees being laid off are believed to be in Amazon\u2019s corporate ranks. Jassy previously said employees in the company\u2019s People, Experience and Technology team are being offered voluntary redundancies.<\/p>\n

The increase in the number of people Amazon is laying off does not come as a huge surprise. Jassy did previously say that the planning process extended into the near year, \u201cwhich means there will be more role reductions as leaders continue to make adjustments reports.\u201d<\/p>\n

The Journal noted that the layoffs are partly the result of a change in spending habits as people return to physical retail stores following the COVID-19 pandemic.<\/p>\n

Amazon benefited from the switch to online shopping during lockdowns, doubling its logistics network and adding hundreds of thousands of employees to cater to demand that has since dropped. Amazon has also made targeted cuts to reduce costs, including shutting physical stores and business units, such as Amazon Care<\/a>.<\/p>\n

Although the end of COVID-19 restrictions may be one aspect of Amazon\u2019s job cuts, the broader macroeconomic outlook, increasing interest rates and 40-year high inflation also play a role, and Amazon is not alone in slashing staff because of it.<\/p>\n

Most major tech companies announced layoffs last year and they have continued into the new year, with both Salesforce Inc. and Vimeo Inc. announcing layoffs of around 10% of their respective workforces earlier today<\/a>.<\/p>\n

In an internal memo,\u00a0Salesforce co-Chief Executive Officer Marc Benioff said that \u201ccustomers are taking a more measured approach\u201d to spending, which is a polite way of saying companies are spending less as developed nations stumble toward recession<\/a>.<\/p>\n

Photo: Amazon<\/h5>\n
\n
\n

Show your support for our mission by joining our Cube Club and Cube Event Community of experts. Join the community that includes Amazon Web Services and Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger and many more luminaries and experts.<\/span><\/h3>\n<\/div><\/div>\n