Wednesday, February 1, 2023
HomeEconomyAmazon confirms cutting 18,000 jobs to reduce cost

Amazon confirms cutting 18,000 jobs to reduce cost

Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing “the uncertain economy” and the fact that the retail giant has “hired rapidly over the last several years.”

The job cuts amount to around 6% of the company’s 300,000-strong workers.

Amazon is the latest big technology firm to unveil major layoffs as the cost of living crisis sees customers cut back on spending.

Andy Jassy stated that the announcement was brought forward “because one of our teammates leaked this information externally”.

In a Memo to staff, Mr Jassy said the majority of job losses would come from its stores division as well as “people, experience, and technology” which includes human resources.

He did not specify in which countries employees would lose their jobs but indicated it would include Europe. He said: “We intend on communicating with impacted employees (or where applicable in Europe, with employee representative bodies) starting on January 18.”

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