Amazon’s CEO Hints at Widespread Layoffs by Early 2023

Amazon’s CEO, Andy Jassy, notified staff on Thursday that the company would be laying off workers once more in the early part of 2023. On Wednesday, the company announced some layoffs, and according to Jassy, as Amazon’s annual planning process continues into the following year, “there will be even more position reductions as leaders continue to adjust,”

Devices and Services SVP Dave Limp said on Wednesday that certain employees of the business will be let go, and Jassy revealed on Thursday that the company had offered voluntary buyouts to several members of its HR department, correlating with Vox’s findings. According to Jassy’s message, it seems that practice will continue. Vox’s piece emphasized how layoffs had been informed internally before senior executives revealed information publicly.

As has been the case this week, we will prioritize communicating directly with impacted employees before making broad public or internal announcements

The company will try to find roles for impacted people internally, and if it can’t, workers will be offered severance packages.”

-Andy Jassy

On Monday, The New York Times revealed that Amazon intended to fire some 10,000 workers. The number of those who will be impacted or who have already been affected was not stated in Jassy’s message. Despite an increase from earlier in 2022, Amazon’s third-quarter profits fell short of projections. As a consequence, even before this week’s layoffs and buyouts, Amazon had been making cuts in a variety of sectors.

Due to the pandemic’s change in customer behavior toward e-commerce, Amazon and other digital companies considerably increased recruiting over the previous two years. Now that individuals are reverting to their pre-pandemic habits and macroeconomic circumstances are deteriorating, many of these ostensibly untouchable digital corporations are suffering whiplash and letting go of thousands of employees. The greatest employment layoffs in business history, totaling 11,000, were recently revealed by Facebook’s parent company Meta. After Elon Musk acquired Twitter for $44 billion, Twitter also revealed significant employee cutbacks.

Muhammad Zuhair
Passionate about technology and gaming content, Zuhair focuses on analysing information and then presenting it to the audience.
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