Amazon CEO says job cuts to exceed 18,000 roles

Amazon.com Inc’s layoffs will now extend to more than 18,000 roles as part of a workforce drop it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday.

Amazon CEO says job cuts to exceed 18,000 roles

The Amazon layoff will commence from 18th January. There is going to be a large impact on the company’s e-commerce and human resource organizations.

he cuts add up to 6% of Amazon’s about 300,000 workforce and address a quick turn for a retailer that recently doubled its base pay ceiling to contend all the aggressively for talent.

Jassy said in the note that annual planning “has been more difficult given the uncertain economy and that we’ve hired rapidly over the last several years.”

Amazon has more than 1.5 million workers including warehouse staff, making it America’s second-biggest confidential business after Walmart Inc. It has prepared for likely more slow development as taking off expansion urged organizations and buyers to scale back spending and its portion cost has split in the previous year.

It started allowing staff to go in November from its devices division, with a source telling Reuters at the time it was targeting on 10,000 job cuts.

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