5 Jan 2023

Amazon To Reduce Its Workforce, One Of Largest Job Cut From A Tech Giant Yet

San Francisco: Amazon on Thursday said it is laying off over 18,000 employees and several teams will be affected, particularly Amazon Stores along with People, Experience and Technology (PXT) organizations.

"Between the reductions we made in November and the ones we're sharing today, we plan to lay off just over 18,000 roles. Several teams are impacted; however, the majority of role eliminations are in our Amazon Stores and PXT organizations," CEO Andy Jassy said in a statement.

This makes Amazon's reduction one of the largest from a tech giant yet.

Meta had lay off 11000 employees 

Meta announced last year that it was laying off around 11,000 employees, while chip-maker Intel announced that they're planning to make significant cuts throughout the year.

Google is also planning to lay off a significant number of employees in early 2023.

Jassy said these job cuts are difficult for people, and we don't take these decisions lightly or underestimate how much they might affect the lives of those who are affected.

Jassy added Amazon is working to support those who are affected by providing packages that include a separation payment, transitional health insurance benefits, and external job placement support. In November 2022 too, Amazon reduced staff size by approximately 10,000.

Jassy said that Amazon has weathered uncertain and difficult economies in the past, and will continue to do so.

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