Tag: Amazon layoffs

Business

18,000 Amazon Employees Will Be Separated With Benefits

HT News

Amazon hurriedly announced a job cut due to an internal leak about the decision to reduce the workforce by over 18,000 employees. And these reductions are in addition to the 10,000 layoffs the company announced in November.

HIGHLIGHTS

• Amazon is removing the 18,000 staff it hired during the pandemic
• The impacted workers will be informed on January 18
• The impacted staff will be provided with all support including transitional health insurance

Why Is Amazon Reducing Its Workforce?

CEO Andy Jassy cited the uncertain economy as a reason for the layoff. He also said that the company’s leadership was “deeply aware that these role eliminations were difficult for people, and they didn’t take those decisions lightly.

As of September, the retail giant employs 1.54 million people worldwide excluding seasonal workers recruited during periods of increased activity, particularly during the holiday season. Its global staff was almost doubled due to vengeance hiring during the pandemic time when the demand for online deliveries was at its peak. Most of the recruitments were made at the beginning of 2020 and 2022.

Andy Jassy said that the company will start informing the impacted workers from January 18 but they had to make a sudden announcement because one of their teammates leaked this information externally. Some of the staff will be from Europe.

Amazon Reducing Its Workforce

How Will Amazon Compensate The Impacted Staff?

The company has plans to give packages including a separation payment, transitional health insurance benefits, and external job placement support to the outgoing staff. Jassy further said that Amazon … Read the rest

Business

Amazon Axing 10,000 Employees Under Annual Operating Planning Review

HT News

Amazon hardware chief Dave Limp said some roles would no longer be required in the layoff process started by the company on Wednesday. According to The New York Times report, it will be the largest job cut in the company’s history.

HIGHLIGHTS

• 10,000 Amazonions would lose their jobs
• Employees from the device, retail, and human resource division will be most affected
• Amazon calls it the annual operating planning review process

Why Is Amazon Laying Off Its Employees?

Amazon’s spokesperson Kelly Nantel told TechCrunch that as part of their annual operating planning review process, they always looked at each of their businesses and what they believed they should change. As they had gone through that, given the current macroeconomic environment, some teams were making adjustments, which in some cases meant certain roles were no longer necessary. They didn’t take those decisions lightly, and they were working to support any employees who might be affected.

Amazon Laying Off Its Employees

Amazon hardware chief Dave Limp wrote in a memo to workers that after a deep set of reviews, they recently decided to consolidate some teams and programs. One of the consequences of those decisions was that some roles would no longer be required. It pained him to have to deliver that news as they knew they would lose talented Amazonians from the Devices & Services org as a result, he added.

Who Are The Affected Employees?

Amazon will remove 10,000 employees (3%) in corporate technology roles but the cuts will remain fluid and could change according to needs. CNBC reported that cuts would remain focused on devices organization, retail division, and human resource department.

Managers have started informing employees … Read the rest