The e-commerce company will survive the current economic uncertainty, according to chief executive Andy Jassy.
Amazon has announced that, due to a "difficult environment," the corporation has started making job losses, which had been widely anticipated.
As many as 10,000 people may have been affected by the redundancies, according to prior media reports.
On the website of the Seattle-based corporation, a statement on the role eliminations from CEO Andy Jassy omitted any specific numbers.
Leaders across the company are prioritizing what matters most to customers and the long-term sustainability of our businesses, Mr. Jassy said. They are also working with their teams to examine their staffing numbers and future investments.
"This year's review is more problematic because the economy is still struggling and we've hired a lot over the past few years.
Yesterday, we announced a voluntary reduction offer for select employees in our People, Experience, and Technology (PXT) organization as well as the difficult decision to reduce the number of positions across our Devices and Books businesses.
He indicated that there would be additional cuts, and the choices would be announced: "early in 2023."
Since taking over as CEO from Jeff Bezos in July 2021, Mr. Jassy has been in that position.
The choice to reduce employees was, in his words, the "hardest we've made" since that time.
Amazon has more than 1.6 million full- and part-time employees as of December 31 and recently announced that it would pause hiring for the foreseeable future.
It is the most recent US corporation to drastically reduce its workforce in preparation for a probable downturn in the economy.
The parent company of Facebook, Meta Platforms, announced last week that it would reduce costs by 13% by eliminating more than 11,000 workers. Twitter, Microsoft, and Snap are more companies to announce layoffs.
Amazon has survived the turbulence and challenging economies in the past, and we will continue to do so, according to Mr. Jassy.
We have significant opportunities in front of us, both in our more established companies like Stores, Advertising, and AWS as well as in our more recent initiatives that we have been working on for a number of years and are confidently pursuing (eg, Prime Video, Alexa, Kuiper, Zoox, and Healthcare).
We should all be quite hopeful about Amazon's future if we continue to do what Amazon does best: obsess over customers and innovate tirelessly on their behalf. I am, I am.
When Amazon.com's market value dropped to around $879 billion from a record close of $1.88 trillion on July 2021, it made history as the first publicly traded firm to experience a trillion-dollar loss.
The e-commerce company reported a more than 9.3% decline in third-quarter net profits and provided a dismal revenue estimate for the fourth quarter.
0 Commentaires