Andy Jassy Shocker on Amazon Job Cuts

Andy Jassy Shocker on Amazon Job Cuts

Amazon CEO Andy Jassy said the e-commerce giant will cut jobs through 2023 as it adjusts to business conditions.

The CEO of Inc. said: Andy Jassy said the e-commerce giant will cut jobs through 2023 as it adjusts to business conditions, his first public comments about cost-cutting plans plaguing Amazon since reports it plans to eliminate 10,000 jobs.

“Leaders across the company are working with their teams and looking at their workforce levels, the investments they want to make in the future, and prioritizing what’s most important to customers and the long-term health of our business,” Jassy said Thursday in the release. . “This year’s review is even more challenging due to the fact that the economy is still in trouble and we’ve hired quickly in the last several years.”

People in the company’s hardware and book businesses have been notified, Jassy said, and that some in Amazon’s “People, Experience, and Technology” organization, which includes recruiters and HR professionals, have been offered a voluntary purchase. Many employees have been given 60 days to find new jobs within the company, which will be followed by a severance package based on the duration if they fail to land new jobs, according to documents reviewed by Bloomberg.

“Our annual planning process extends into the new year, which means there will be more role cuts as leaders continue to make adjustments,” he said. “These decisions will be shared with affected employees and organizations in early 2023.”

Jassy is trying to cut expenses amid slowing growth in several areas of Amazon’s business. The company projected its lowest-ever revenue increase for the holiday quarter. In the past few months, Jassy has placed a hiring freeze on some of the company’s roles and closed several pilot and small programs.

Amazon is among technology companies such as Meta Platforms Inc. and Salesforce Inc. that eliminate jobs after years of rapid growth. Amazon salaries swelled to 1.62 million full and part-time employees at the end of March, before falling to 1.54 million as of September 30.

Some workers, who have been posting on the company’s message boards, criticized Gacy for remaining silent this week since the job cuts became public and questioned why he didn’t talk to them about the situation the way Meta CEO Mark Zuckerberg did to his employees via a virtual machine. Town hall. With little information from managers, Amazon’s online message boards quickly filled with posts from thousands of employees sharing insights about layoffs and severance packages.

For the most part, the chats reviewed by Bloomberg showed workers offering condolences and counseling to those left behind, especially employees working on sponsored visas. Many complained of difficulty concentrating with many colleagues left in limbo.

Sarcasm also made its way into the exchanges. Some have compared the setting — with workers desperately trying to decide whether they’ll be the next person to be fired — to the Netflix thriller Squid Game, in which cash-strapped people compete for survival in deadly versions of childhood challenges.

“If you didn’t receive any notification today, congratulations. You survived Squid Game Day 1,” reads a post reviewed by Bloomberg earlier this week. The post was met with a laughing face emoji.

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