Amazon.com Inc’s layoffs will now spread to more than 18,000 roles as part of headcount reductions, the chief executive revealed earlier Andy Jesse said in a public staff note on Wednesday.
He said the layoff decisions, which Amazon will begin on January 18, will impact the company’s e-commerce and human-resource organizations to a large extent.
The cuts amount to 6% of Amazon’s roughly 300,000-person corporate workforce and represent a sharp turn for the retailer that recently doubled its base salary range to compete more aggressively for talent. .
Jesse said in the note that the annual plan “has been more difficult given the uncertain economy and the rapid hiring we’ve seen over the past several years.”
Amazon has more than 1.5 million employees, including warehouse staff who make it Americais the second largest private employer after Walmart Inc. It’s bracing for potentially slower growth as rising inflation encourages businesses and consumers to cut spending, and its share price has halved over the past year.
It began letting go of staff from its device division in November, a source told Reuters at the time that it was targeting 10,000 job cuts.
In numbers, its layoffs now surpass 11,000 job cuts at Facebook-parent Meta Platforms Inc Plus cuts across other tech-industry peers.
He said the layoff decisions, which Amazon will begin on January 18, will impact the company’s e-commerce and human-resource organizations to a large extent.
The cuts amount to 6% of Amazon’s roughly 300,000-person corporate workforce and represent a sharp turn for the retailer that recently doubled its base salary range to compete more aggressively for talent. .
Jesse said in the note that the annual plan “has been more difficult given the uncertain economy and the rapid hiring we’ve seen over the past several years.”
Amazon has more than 1.5 million employees, including warehouse staff who make it Americais the second largest private employer after Walmart Inc. It’s bracing for potentially slower growth as rising inflation encourages businesses and consumers to cut spending, and its share price has halved over the past year.
It began letting go of staff from its device division in November, a source told Reuters at the time that it was targeting 10,000 job cuts.
In numbers, its layoffs now surpass 11,000 job cuts at Facebook-parent Meta Platforms Inc Plus cuts across other tech-industry peers.