Amazon completed Phase 2 of its operational plan last week. In a blog post, CEO Andy Jassy said the company intends to slash another 9,000 employees in the next few weeks, mostly at his AWS, PXT (People and Technology), Ads, and Twitch offices.
Amazon executives consider what investments they wish to make for the future, what is most important to customers, and what is most important to the company's long-term long-term long-term long-term long-term long-term future. With declining demand and ongoing economic turmoil, it makes sense for Amazon to reduce employee size across the board. This will result in a initial loss of 18,000 workers and an additional 9,000 slitting operations once this phase is completed.
Not all teams completed their analysis by the end of the summer, according to Jassy. They decided to share these findings so that the affected individuals may be notified as soon as possible. Amazon has pledged to assist those affected by the layoffs by offering packages that include retirement benefits, temporary health insurance benefits, and job assistance.
This is another setback in what has already been a difficult year for tech, with enormous layoffs across Amazon, Google, and Microsoft. With Meta announcing its "year of efficiency," and the possibility of additional layoffs, it appears that there is no end in sight for the tech world's difficulties. We can only wait and see how the tech world continues to navigate the economic turmoil that we encounter.