CNN Business
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Amazon CEO Andy Jassy mentioned task cuts on the e-commerce massive would proceed into early subsequent yr, in his first public remarks because the corporate started common layoffs previous this week.
“Our annual planning process extends into the new year, which means there will be more role reductions as leaders continue to make adjustments,” Jassy wrote in a letter to body of workers Thursday. “Those decisions will be shared with impacted employees and organizations early in 2023.”
Jassy mentioned that the corporate hasn’t “concluded yet exactly how many other roles will be impacted” by way of the layoffs, however added that “each leader will communicate to their respective teams when we have the details nailed down.”
Amazon showed on Wednesday that layoffs had begun on the corporate, simply days after a couple of shops reported the e-commerce massive deliberate to chop round 10,000 workers this week.
Amazon
(AMZN) and different tech corporations considerably ramped up hiring during the last couple of years because the pandemic shifted shoppers’ behavior towards e-commerce. Now, many of those reputedly untouchable tech corporations are experiencing whiplash and shedding hundreds of employees as folks go back to pre-pandemic behavior and macroeconomic stipulations become worse.
Facebook-parent Meta lately introduced 11,000 task cuts, the most important within the corporate’s historical past. Twitter additionally introduced common task cuts after Elon Musk purchased the corporate for $44 billion.
Jassy alluded to the macroeconomic local weather in his memo Thursday, announcing this yr’s annual running evaluation “is more difficult due to the fact that the economy remains in a challenging spot and we’ve hired rapidly the last several years.”
Jassy mentioned that that is probably the most tough determination the corporate has needed to make right through his year-and-a-half tenure at Amazon’s helm.
“It’s not lost on me or any of the leaders who make these decisions that these aren’t just roles we’re eliminating, but rather, people with emotions, ambitions, and responsibilities whose lives will be impacted,” Jassy wrote.
