Amazon chief points to company’s rapid hiring in recent years while saying layoffs mainly to hit its brick-and-mortar stores
He said Amazon had weathered “difficult economies” in the past and would continue to do so. “These changes will help us pursue our long-term opportunities with a stronger cost structure.”
He did not specify where the affected roles were located, but Jassy said in the statement that Amazon would communicate with impacted employees “or where applicable in Europe, with employee representative bodies” from 18 January. The layoffs amount to 6% of Amazon’s roughly 300,000-person corporate workforce. It has a global workforce of more than 1.5m.due to the economic landscape and the company’s rapid hiring in the past several years. Wednesday’s announcement included earlier job cuts that had not been numbered. The Seattle-based company had also offered voluntary buyouts and has been cutting costs in other areas of its sprawling business.
“As our revenue accelerated through the pandemic, we hired too many people leading into this economic downturn we’re now facing, and I take responsibility for that,” Benioff wrote.
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