![]() ![]() ![]() Times continue to be tough for US Big Tech - Amazon is the latest in a string of giants to announce layoffs in recent months.Ī potent combination of a downturn in advertising revenues due to businesses seeking to save cash, alongside consumers spending less as the cost of living crisis bites, is hitting tech firms hard. Photo: Image Press Agency / NurPhoto / NurPhoto via AFP Tough times for tech They're not in heavy people expansion mode every year," he added.Īndy Jassy. "Companies that last a long time go through different phases. Jassy said in the note that reviewing Amazon's business "has been more difficult given the uncertain economy and that we've hired rapidly over the last several years". It has also taken steps to shut some parts of its business, cancelling projects such as a personal delivery robot. The firm had already introduced a hiring freeze and halted some of its warehouse expansions, warning it had over-hired during the pandemic. In November, Amazon said it was starting a round of layoffs as it focused on reducing expenses but did not give a figure of how many jobs it would cut.Īt the time US media reported that the company would shed around 10,000 roles. He also said the "majority of role eliminations" would be in the Amazon Stores operations and its People, Experience and Technology teams. Jassy did not specify where affected employees were located, but he said the firm would communicate with organisations that represent employees "where applicable in Europe". The move comes after the technology giant said last year that it would reduce its headcount without putting a figure on how many jobs would be cut. "We are working to support those who are affected and are providing packages that include a separation payment, transitional health insurance benefits, and external job placement support," Amazon's chief executive Andy Jassy said in a message to staff. The job cuts amount to around 6 percent of the company's roughly 300,000-strong corporate workforce.Īmazon is the latest big technology firm to unveil major layoffs as the cost of living crisis sees customers cut back on spending. He added the announcement was brought forward "because one of our teammates leaked this information externally". Photo: 123RFĪmazon aims to shed more than 18,000 roles as it cuts costs, the technology giant's boss says. The layoffs amount to about 6 percent of its total workforce.
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