Amazon announces further staff cuts
Mar 20, 2023 Posted by MadalineDunn Published in Amazon AWS
Amazon has announced that it is to make further cuts to its workforce. Its total for the previous round of cuts reached 18,000; the new round is pegged to reach 9,000. The divisions set to be hit with cuts include:
- AWS,
- PXT [People Experience and Technology Solutions],
- Advertising, and
- Twitch.
Speaking about the layoffs, Amazon CEO Andy Jassy, the former Amazon Web Services head, said: "Given the uncertain economy in which we reside, and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount."
Adding: "The overriding tenet of our annual planning this year was to be leaner while doing so in a way that enables us to still invest robustly in the key long-term customer experiences that we believe can meaningfully improve customers' lives and Amazon as a whole."
These cuts follow Amazon's record fourth quarter, with 2022 leading to its first net loss since 2014 at $2.7 billion.
