Amazon recently announced its plans to decrease its corporate and technology staff by 18,000, roughly six percent of its workforce, reports The New York Times. According to a letter by Andy Jassy, CEO of the company, the decision is an extension of its cost-cutting plans.
In November, the company planned to lay off roughly 10,000, concentrating on its books, devices, and HR departments. The next round of layoffs will begin January 18, affecting those who work for Amazon’s main online site and its field operations, warehouses, physical stores, and consumer-related teams.
“These changes will help us pursue our long-term opportunities with a stronger cost structure,” Jassy wrote. “However, I’m also optimistic that we’ll be inventive, resourceful, and scrappy in this time when we’re not hiring expansively and eliminating some roles.”
Amazon’s growth has slowed to its lowest rate in 20 years, signaling a reason for the decision, according to the report.
Amazon joins other tech companies that have endured recent staffing cuts, including Salesforce, Meta, and Twitter. Full Story (Subscription Required)
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