The technology company will communicate the victims to those affected from January 18
The tech giant Amazon will lay off 18,000 employees this year, nearly 2% of its global workforce, as confirmed by the company’s executive director Andy Jassy, in a statement, which is nearly double the figure reported by the analysts predicted.
The CEO assured that the company’s intention is to communicate the layoffs to those affected and the unions by January 18. “Normally we wait to communicate these results once we have been able to speak to the people directly affected. But when one of our teammates leaked this information, we decided it was better to share this news sooner so they can learn the details straight from my mouth,” Jassy explained in the statement.
The goal of this workforce restructuring is “improving long-term opportunities with a more solid cost structure,” stressed the CEO, insisting on his new strategy of not hiring expansively and cutting some positions in order to be “ingenious, creative and resilient”. Likewise, he justified the layoffs by assuring that “companies that last for many years go through different phases”.
The e-commerce multinational ended the first nine months of 2022 with a loss of EUR 2,900 million, nothing compared to the immense profit of EUR 18,400 million in the same period of 2021 due to the pandemic and the resulting restrictions on movement, which caused a huge online stir trade.
Source: La Verdad
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
