Amazon Layoffs Next Phase Begins: Company Pink-Slipping 18,000 Employees
Back in November, cuts happened in Amazon’s Devices and Books businesses, along with voluntary reduction offers for some in the company’s People, Experience, and Technology division, which is its term for human resources.
“We typically wait to communicate about these outcomes until we can speak with the people who are directly impacted. However, because one of our teammates leaked this information externally, we decided it was better to share this news earlier so you can hear the details directly from me,” Jassy wrote inthis evening. “We intend on communicating with impacted employees starting on January 18.”
“S-team and I are deeply aware that these role eliminations are difficult for people, and we don’t take these decisions lightly or underestimate how much they might affect the lives of those who are impacted,” he wrote. “We are working to support those who are affected and are providing packages that include a separation payment, transitional health insurance benefits, and external job placement support.
As part of its third-quarter earnings report in October, Amazon gave guidance that its total revenue would rise only 2%-8% in 2023 from last year. Earlier this week, it signaled in an SEC filing that it had obtained a loan of $8 billion for “general corporate purposes” amid the uncertainty in the marketplace.
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