Robert Besser
23 Mar 2023, 05:21 GMT+10
SEATTLE, Washington: In a memo to staff sent this week, Amazon CEO Andy Jassy said the company plans to cut another 9,000 jobs in the next few weeks, the second largest round of layoffs in the company's history, and adding to the 18,000 staff it laid off in January.
This year, the tech companies have announced tens of thousands of firings.
In his memo, Jassy stated that the second phase of Amazon's annual planning process, completed this month, led to the additional job cuts, but the company will still hire more staff in some strategic areas.
"Some may ask why we did not announce these role reductions with the ones we announced a couple months ago. The short answer is that not all of the teams were done with their analyses in the late fall," he said.
The firings will even hit the company's profitable areas, including its cloud computing unit, AWS, and growing advertising business.
Previous layoffs by the tech giant included its stores division, PXT, which encompasses its e-commerce business and brick-and-mortar stores, such as Amazon Fresh and Amazon Go.
Earlier this month, Amazon announced it would postpone the construction of its headquarters in northern Virginia.
To meet the demand from homebound Americans during the COVID-19 pandemic, Amazon, along with other tech companies, such as Meta and Alphabet, increased hiring during that period, when the number of Amazon's warehouse and office staff doubled to more than 1.6 million people in some two years.
But as demand slowed last year after the worst of the pandemic had ended, Amazon began pausing or cancelling its warehouse expansion plans.
Due to the uncertain economy and the "uncertainty that exists in the near future," the company has chosen to be more streamlined, Jassy said.
Get a daily dose of Miami Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Miami Mirror.
More InformationCHEYENNE, Wyoming: This week, the Biden administration raised US$3.4 million from a sale of oil and gas drilling rights in ...
NEW YORK, New York - U.S. stocks extended their rally on Friday despite remarks by Federal Reserve Chair Jerome Powell ...
MOSCOW, Russia: Russia's trade in oil with India, one of the most lucrative oil trade routes since the imposition of ...
LONDON - Health experts and tobacco campaigners have strongly criticized New Zealand's decision to repeal laws that aimed to ban ...
NEW YORK, New York - The Dow Jones index was the standout on U.S. financial markets on Thursday with a ...
WASHINGTON D.C.: Despite the ongoing economic uncertainty, major discounts during the Thanksgiving weekend enticed U.S. shoppers, who spent some US$38 ...
CHISINAU, Moldova: Over the weekend, heavy snowfall and strong blizzards in Romania, Moldova and Bulgaria left one person dead and ...
WASHINGTON D.C.: After a House Ethics Committee report found substantial evidence that he broke the law, New York Republican representative ...
In a report by The New York Times, it has been revealed that Israeli officials had obtained a detailed battle ...
NAYPYIDAW, Myanmar: Kyar Win, spokesperson for the Myanmar National Democratic Alliance Army, which launched a surprise offensive last month against ...
While Secretary of State Anthony Blinken has been frantically shuttling around the Middle East trying to stop the Israeli coflict ...
LESBOS, Greece: Greek authorities said a cargo ship sank off the island of Lesbos over the weekend during a storm, ...