Amazon Layoffs: After layoffs in America’s leading social media platform companies such as Twitter, Facebook, now Andy Jassy, CEO of the world’s largest e-commerce platform Amazon, said on Thursday that The retrenchment in the company will continue in the year 2023 as well. This also includes retrenchment of corporate rank officers. All the employees of Amazon have been informed by sending a note that the phase of retrenchment is going to continue for the time being. Apart from this, many personnel of the company are still being fired.
Toughest decision ever – CEO
Amazon CEO Andy Jassy said that I have been holding the post of CEO of Amazon for the last one and a half years. In my journey of 1.5 years, deciding to lay off personnel (Layoffs 2022) has been the most difficult decision. Along with this, he told that in the last few times, there has been a huge decline in the revenue of the company. In such a situation, the company has been laying off its employees for some time for cost cutting. Along with this, the company has completely banned the hiring of new employees. Along with this, he said that due to Corona Pandemic, people were doing online shopping of more and more goods while sitting at home. In such a situation, Amazon had recruited many new personnel at that time, but now the company is laying off employees to prevent financial losses.
Amazon laid off 250 people in California
Earlier, the company has informed the Regional Authority of Amazon California that it is going to lay off 250 of its employees. This also includes Data Scientist, Software Engineers and other corporate workers. This retrenchment will be completed by 17 January 2023. According to the company’s statistics, Amazon employs about 1.5 million people all over the world. In the coming time, the company can do many more layoffs.
Many companies including Twitter, Meta laid off
Before Amazon, social media platform Sabuk (Facebook) and micro-blogging site Twitter have also made drastic cuts in their workforce. Facebook’s parent company Meta has fired 13 percent of its employees i.e. 11,000 employees. Apart from this, after the Twitter takeover of Elon Musk, about 50 percent of the personnel have been laid off. On the other hand, if we talk about Twitter India, then more than half of the workers have lost their jobs. Apart from this, many companies like Walt Disney, Microsoft, Morgan Stanley, Intel Corp Johnson & Johnson, Beyond Meat Inc, online banking firm Chime, Phillips 66, Arrival SA have also started retrenchment for their cost cutting.