Amazon has become the latest tech firm to initiate mass layoffs saying that in the current macroeconomic environment

Amazon has become the latest tech firm to initiate mass layoffs saying that in the current macroeconomic environment, some teams are making adjustments amid the consolidation of some teams and programs. Amazon faced a sharp decline in sales as customers returned to physical stores, and its business stopped growing as it used to during the pandemic. Amazon CFO Brian Olsavsky said that the company is seeing signs that consumers are feeling the heat of inflation.

Amazon’s Mass Layoffs to Affect 10,000 Employees

As reported earlier, Amazon has planned to slash 10,000 jobs from its devices organization, retail division, and human resources department. The company’s hardware chief, Dave Limo has confirmed the mass layoffs, saying; “After a deep set of reviews, we recently decided to consolidate some teams and programs. One of the consequences of these decisions is that some roles will no longer be required.”

Limp further said that Amazon was providing employees with a package that includes a separation payment, transitional benefits, and external job placement support. A Seattle-based tech company explained the latest string of layoffs saying that the last two years have been great for job opportunities because of remote work meaning people don’t have to isolate a job search to their local area. So that’s seen the scramble for talent to be very competitive and wages have gone up really high. But, what’s happening now is a contraction in budgets and staffing.

Angry Staffers took to LinkedIn to Vent

Amazon’s laid-off staff took to the social networking platform to address their concerns. One employee, who asked to remain anonymous, said that she was in talks to start a full-time role in Amazon’s consumer division, but her interview was abruptly canceled. Another employee wrote; “Of course I am saddened, yet optimistic about the future because I know this means good change for me and others on my team.”

Also read: Amazon Plans to Lay off Thousands of Employees


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