Amazon confirms that it has started laying off employees

Amazon confirmed Wednesday that it had started layoffs at the company. This comes two days after several outlets reported that Amazon was planning to reduce around 10,000 employees.

According to a memo that Dave Limp, senior vice president of devices and services at Amazon, shared, the initial Amazon cuts will impact roles in the devices and services group.

“After in-depth reviews, we have decided to consolidate certain teams and programs. Limp stated that certain roles won’t be needed anymore as a result of these decisions. “We notified the affected employees yesterday and will continue to work closely with each individual to provide support, such as assisting with finding new roles.”

Limp didn’t specify how many employees were cut.

Kelly Nantel, the Amazon spokesperson, stated in a statement that all businesses are reviewed annually as part of the company’s annual operating review. Nantel said, “As we have gone through this, due to the current macro-economic climate (as well as several years of rapid hires), some teams are making adjustments which in some cases means that certain roles are not necessary.”

She said, “We don’t take these decisions lightly and we work to support any employees affected.”

Many Amazon workers who were laid off posted on LinkedIn, Tuesday night into Wednesday morning, that they felt the effects of the job cuts had had and were seeking work. Some of these posts indicated that they were part of Amazon’s voice assistant Alexa.

As the pandemic changed consumer habits to e-commerce, Amazon and other tech companies have significantly increased their hiring in the last few years. Many of these tech giants are now experiencing whiplash, laying off thousands of employees as people return to prepandemic patterns and macroeconomic conditions deteriorate.

Meta, Facebook’s parent company, recently announced 11,000 job losses. This is the largest reduction in employment since the company’s founding. Twitter announced extensive job cuts following the purchase of the company by Elon Musk for $44 Billion, partially funded through debt financing.

A growing number of tech industry leaders, from Meta CEO Mark Zuckerberg and Jack Dorsey, have issued remorseful apologies over the loss of their employees in recent weeks.

Amazon shares have lost more than 40% since the pandemic. They had reached record highs in 2000.

About The Author

Leave a Comment

Scroll to Top