Layoffs will continue
Amazon CEO Andy Jassy stated that the company will start layoffs again in early 2023. More employees are expected to lose their positions in line with company leaders’ annual planning process. Jassy noted that the company has not determined exactly how many people will be laid off, but “there will be reductions in our stores and [People, Experience and Technology] organizations.” Amazon will report who will be affected by its downsizing activities early next year.
Amazon has approximately 1.5 million employees. The scope of these layoffs of the company includes the parts that made a loss or did not make the expected profit for now. Wanting to make these departments more effective and efficient, Amazon will first look for a position within Amazon for the personnel it will dismiss. If a position is not found, the employee will be offered severance pay. Amazon had already announced a few days ago that it would lay off 10,000 of its employees.