Andy Jassy, Amazon CEO said on Wednesday, the company will lay off more than 18,000 of its labour force and this will affect the company’s e-commerce and human resource organisations significantly.
The reduction accounts for 6% of about 300,000 Amazon’s corporate workforce. For the giant retailer, this was the swift turn when the company just doubled base pay cap for its employees to deal with tight competition for talent.
Jassy said in the note that annual planning “has been more difficult given the uncertain economy and that we’ve hired rapidly over the last several years.”
Workers of Amazon including warehouse staff were more than 1.5 million, making it the second largest private employee of the United State of America.
Their growth likely slowed down as the high inflation motivated businesses and customers to cut back their spending.
The cut started in November last year by laying off the devices division, with sources telling Reuters at that time that the goal was 10,000 job cuts.
Recently, a total of over 11,000 workers were laid off at Facebook-parent Meta Platforms Inc.
