Amazon Announces 18K Layoffs As Economy Continues To Tank
Amazon CEO Andy Jassy published a memo on the company’s blog about layoffs that will affect 18,000 jobs, many of which are concentrated in the firm’s corporate ranks. Layoffs seem to be fairly common right now as the economic situation continues to deteriorate.
This year’s review has been more difficult given the uncertain economy and that we’ve hired rapidly over the last several years. In November, we communicated the hard decision to eliminate a number of positions across our Devices and Books businesses, and also announced a voluntary reduction offer for some employees in our People, Experience, and Technology (PXT) organization. I also shared that we weren’t done with our annual planning process and that I expected there would be more role reductions in early 2023
Today, I wanted to share the outcome of these further reviews, which is the difficult decision to eliminate additional roles. Between the reductions we made in November and the ones we’re sharing today, we plan to eliminate just over 18,000 roles. Several teams are impacted; however, the majority of role eliminations are in our Amazon Stores and PXT organizations..-AboutAmazon
The layoffs were already known. Jassy even made a reference to the previous announcement in his memo. We noted in November the Seattle-based company was planning to cut 10,000 corporate jobs. However, the figure Jassy provided is 8,000 more than expected.
These job cuts at Amazon represent about 6% of the company’s 300,000-person corporate workforce. The overall workforce peaked in March 2022 at around 1.6 million workers, according to a report by ZeroHedge.
Amazon’s headcount reduction is a signal that consumers have cut back on discretionary spending to weather the more than 19 months of negative real wage growth, plunging personal savings, and maxed-out credit cards with some of the highest interest rates ever. Add in the inflation, and tough choices are being made.
Amazon is not the only company that has been laying off employees and announcing publically that it is doing so.
Salesforce told employees early Wednesday that 10% of its workforce would be cut. And like Salesforce and many tech companies that have been hemorrhaging workers due to overhiring as the economy downshifts, Jassy appears to note the same in his reasoning for the mass firing:
This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.
Source: https://www.shtfplan.com/headline-news/amazon-announces-18k-layoffs-as-economy-continues-to-tank
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,657,355,311 |
| Stories: | 8,298,757 |
Whistler Blowers, Insiders
