Amazon invested heavily in expanding its head count during the early part of the Covid-19 pandemic as people shifted much of their shopping online. It added hundreds of thousands of workers. When demand began to fall off as consumers returned to bricks-and-mortar stores, Amazon cut back in areas of the business that were unprofitable and froze hiring.
Mr. Jassy said the 9,000 additional job cuts weren’t announced earlier because some teams hadn’t completed assessments that determined which positions needed to be eliminated.
Since 2022, layoff tallies at tech companies have reached about 300,000 workers, according to Layoffs.fyi, a site tracking job cuts in the industry.
$AMZN: Amazon to Cut 9,000 More Jobs After Earlier Layoffs CEO Andy Jassy cites an ‘uncertain economy’ and more uncertainty in the near future