Amazon layoffs

2023 - 1 - 5

Post cover — Image courtesy of "Bloomberg"

Amazon to Slash More Than 18000 Jobs in Escalation of Cuts (Bloomberg)

Amazon.com Inc. is laying off more than 18000 employees — the biggest reduction in its history — in the latest sign that a tech-industry slump is deepening.

Amazon CEO says job cuts to exceed 18000 roles (Reuters)

Amazon.com Inc's layoffs will now increase to more than 18000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy ...

Amazon's layoffs now surpass the 11,000 cuts announced last year by Facebook parent Meta Platforms Inc [(META.O)](https://www.reuters.com/companies/META.O), underscoring the retailer's slide from an essential business moving goods during pandemic lockdowns, to a company that overbuilt for demand. He said Amazon chose to disclose the news before informing affected staff because of a leak. 25 over a pay row with the e-commerce giant. [(WMT.N)](https://www.reuters.com/companies/WMT.N). [(CRM.N)](https://www.reuters.com/companies/CRM.N) also said it planned to [eliminate about 10% of staff](/technology/salesforce-cut-staff-by-10-close-some-offices-2023-01-04/), which numbered nearly 8,000 as of Oct. [layoffs continue to shake the technology sector](/technology/amazon-layoff-signals-more-pain-tech-sector-recession-fears-mount-2023-01-05/). [The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html) [stage a walkout](/world/uk/amazon-workers-uk-warehouse-strike-jan-25-union-2023-01-04/) on Jan. Register for free to Reuters and know the full story [doubled its base pay ceiling](/technology/amazon-plans-more-than-double-base-pay-cap-employees-memo-2022-02-07/) to compete more aggressively for talent. [(AMZN.O)](https://www.reuters.com/companies/AMZN.O) layoffs will now include more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said [in a public staff note](https://www.aboutamazon.com/news/company-news/update-from-ceo-andy-jassy-on-role-eliminations) on Wednesday. The cuts amount to 6% of Amazon's roughly 300,000-person corporate workforce and represent a swift turn for a retailer that recently

Amazon cutting total of 18000 workers as tech layoffs mount (CBS News)

Technology industry companies shed nearly 100000 jobs last year as they brace for economic slowdown.

"The overall economy is still creating jobs, though employers appear to be actively planning for a downturn. [layoffs were coming](https://www.cbsnews.com/news/amazon-laying-off-thousands-of-workers-reports-say/) due to the economic landscape and the company's rapid hiring in the last several years. The cuts are by far the largest in the 23-year history of a San Francisco company founded by former Oracle executive Marc Benioff, who pioneered the method of leasing software services to internet-connected devices — a concept now known as "cloud computing." That far outpaced the automotive sector, which cut 31,000 workers last year, the second-most of any U.S. Overall, tech industry companies cut more than 97,000 jobs in 2022, up 649% from the roughly 13,000 eliminated the previous year, according to outplacement firm Challenger, Gray & Christmas. "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."

Amazon CEO says company will axe more than 18000 jobs | CBC ... (CBC.ca)

Amazon's layoffs will now increase to more than 18000 roles as part of a workforce reduction it previously disclosed, chief executive Andy Jassy said in a ...

He said Amazon chose to disclose the news before informing affected staff because of a leak. "Just like every other tech organization, [Amazon] has essentially hired more during the start of the pandemic and underestimated what the long-term demand was going to be in their sector." The reversal of Amazon's fortunes has been stark. The company attached Jassy's note in response. Jassy's note did not specify in which countries the cuts will occur. 25 over a pay row with the e-commerce giant.

Amazon's massive layoffs may have silver lining for Vancouver ... (Business in Vancouver)

The news that Amazon has expanded global layoffs from 10000 to 18000 jobs in the last two months is indicative of the challenging environment facing the ...

A report released today by tech human resources firm Karat noted that Vancouver remains the third-ranked city globally for hiring software developers in 2023, behind only Singapore of Tokyo. It means that the talent ousted from Amazon should be able to be absorbed by Vancouver’s tech scene, even if economic uncertainty persists. “I think everyone is just kind of in a wait-and-see mode right now, especially coming back from the holidays,” Brotzky said. There are silver linings in the grim situation, however, Brotzky said. The struggles in the tech sector have been well publicized since late last year. The company has seen its share prices slide from a high of more than US$185 in July 2021 to below US$90 this month.

Amazon Confirms Layoffs Impacting 18000 Workers Following Leak (Channel Futures)

CEO Andy Jassy says the company is "resourceful and scrappy." Amazon is starting the new year with layoffs affecting more than 18,000 employees. This is the ...

[Amazon](https://www.reuters.com/business/retail-consumer/amazon-secures-8-billion-loan-2023-01-03/) has weathered uncertain and difficult economies in the past, and we will continue to do so,” Jassy said. However, its profit decreased to $2.9 billion in the third quarter, compared with $3.2 billion in the third quarter of 2021. He didn’t say whether the layoffs include Amazon Web Services ( [AWS](https://www.channelfutures.com/cloud-2/amid-slower-customer-spending-whats-in-store-for-aws-in-2023)). 30, Amazon reported a 15% increase in net sales to $127.1 billion, compared with $110.8 billion in third quarter of 2021. “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. This is the largest group of tech workers to face job cuts in recent months.