CEO: Amazon will let go of roughly 18,000 workers due to the “uncertain” economy.
It’s been a tough year for everyone, and it looks like Amazon is feeling the effects of the pandemic-induced economic downturn. The company has announced that it will be laying off 18,000 workers, citing the “uncertain” economy as the reason for the cuts.
This is a difficult decision for any company to make, but Amazon is still in a strong position overall. The company has been growing rapidly in recent years, and although these layoffs are a setback, Amazon is still in a good position to weather the current economic climate.
The reduction is concentrated in the firm’s corporate ranks, mostly in its retail division. The cuts, which began last year, were previously expected to affect about 10,000 people. Chief Executive Officer Andy Jassy announced the move in a memo to staff Wednesday.
He declared, “Amazon has survived unstable and challenging economies in the past, and we will continue to do so. “With a better cost structure, these adjustments will enable us to pursue our long-term opportunities.
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