Amazon CEO says job cuts are for more than 18,000 roles

Amazon CEO says job cuts are for more than 18,000 roles

0 minutes, 49 seconds Read Inc’s layoffs will now spread to more than 18,000 roles as part of headcount reductions that were previously disclosed, Chief Executive Officer Andy Jassy said in a public employee note on Wednesday.

He said the layoff decisions, which Amazon will begin on January 18, will impact the company’s e-commerce and human-resource organizations to a large extent.

The cuts amount to 6% of Amazon’s roughly 300,000-person corporate workforce and represent a sharp turn for the retailer that recently doubled its base salary range to compete more aggressively for talent. .

Jesse said in the note that the annual plan “has been more difficult given the uncertain economy and the rapid hiring we’ve seen over the past several years.”

Amazon has more than 1.5 million employees, including warehouse workers, which makes it Walmart Inc. It is the second largest private employer in the US after . It’s bracing for potentially slower growth as rising inflation encourages businesses and consumers to cut spending and its share price has halved in the past. year.

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