How Many Employees Did Amazon Lay Off: Amazon is letting go of 18,000 workers, the tech giant announced Wednesday. This is the most significant number of jobs to be cut at a tech company since the industry started cutting jobs aggressively last year.
Andy Jassy, the CEO of Amazon, wrote in a blog post that the staff cuts were caused by the uncertain economy and the company’s fast hiring over the past few years. Most people who will lose their jobs are in the company’s corporate offices.
Hourly warehouse workers will not be affected. Amazon was rumored to be planning to lay off around 10,000 employees in November, but Jassy said on Wednesday that the company would be cutting “just over 18,000” jobs instead.
In a blog post on Wednesday, Jassy tried to sound optimistic about the massive layoffs. He wrote, “Amazon has been through uncertain and hard economies before, and we will continue to do so.” Even though 18,000 jobs is a lot, it’s only a little more than 1% of the 1.5 million jobs that Amazon has in its warehouses and corporate offices.
Image Source: Washingtonpost
Amazon was the latest big tech company to see its growth slow down from the time of the pandemic. This happened when inflation was at its highest level in 40 years, hurting sales. The news of Amazon’s layoffs came on the same day that business software company Salesforce said it would cut 10% of its staff or about 8,000 jobs.
Marc Benioff, co-CEO of Salesforce, said that the company had hired too many people during the pandemic boom because of a common saying in Silicon Valley. And now that business spending has slowed down, the focus is on cutting costs.
“As our sales went up during the pandemic, we hired too many people, which led to the current economic downturn,” Benioff said in a note to staff. Meta, which owns Facebook, Twitter, Snap, and Vimeo, has laid off many people recently.
- Legendary Rock Guitarist and Musician Jeff Beck Dead at 78!
- DOJ Reviewing Classified Documents Found At Biden Center!
This is a significant change for an industry that has been growing like crazy for over a decade. The pandemic was a massive boost to Amazon’s bottom line. People didn’t shop in stores, so online sales went through the roof, and the need for cloud storage went through the roof as more businesses and governments moved their operations online.
So, Amazon went on a hiring spree and has added hundreds of thousands of jobs over the past few years. The Wall Street Journal was the first to report that Amazon let people go on Tuesday. In a blog post, CEO Jassy said that the company hired too many people but planned to help those who lost their jobs.
Feb 2022: Amazon avoids $5B in taxes
Jan 2023: Amazon to lay off 18,000+ workers
Amazon has the money to pay its workers—but refuses to due to corporate greed & no Union to protect worker rights.
Tax billionaires. Protect workers. End class warfare on working families. pic.twitter.com/Q846a5GwH4
— Qasim Rashid, Esq. (@QasimRashid) January 5, 2023
“We are working to help those affected and are giving them packages that include a separation payment, transitional health insurance benefits, and help to find work elsewhere,” Jassy said.
If you think this is interesting, please share it with your friends. For more updates and the latest news regarding celebrities, Visit Lighthousejournal.org.