Amazon To Slash 9000 More Jobs

On top of downsizing 18,000 of employees, it’s now making the news that 9000 more jobs are being slashed at Amazon:

Amazon will lay off 9,000 more employees in the coming weeks, CEO Andy Jassy said in a memo to staff on Monday.

The cuts are on top of the previously announced layoffsthat began in November and extended into January. That round totaled more than 18,000 employees, and primarily affected staffers in its retail, devices, recruiting and human resources groups.

Amazon made the decision to lay off more employees as it looks to streamline costs. It took into account the economy, as well as the “uncertainty that exists in the near future,” Jassy said. The company just wrapped up the second phase of its annual budgeting process, referred to internally as “OP2.”

“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,” Jassy said.

This also follows up Facebook/Meta doing a version of the same thing. Which doesn’t bode well for the tech sector as this may spur other companies to do the same thing. We’ll have to see what happens on that front, but I suspect that the next few weeks and months ahead will be very bumpy.

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